In releasing our Full-Year 2019 Results, Woodside recorded a full-year net profit after tax (NPAT) of US$343 million.

Production was 89.6 MMboe and operating cashflow was $3,305 million. Underlying NPAT was $1,063 million prior to the deduction of a $720 million non-cash impairment for the Kitimat LNG assets in Western Canada. The directors declared a final dividend of US 55 cents per share (cps), bringing the full-year dividend to US 91 cps. This dividend was based on the underlying NPAT of $1,063 million.

Woodside CEO Peter Coleman said: “2019 was a pivotal year for the company, which delivered a solid performance and laid the foundations for the future while progressing long-term sustainable growth: Our underlying full-year profit of $1,063 million and strong free cashflow of $2.1 billion, along with our good cost performance, demonstrate the strength of our base business and its ability to fund growth. This was a good outcome given the challenges of Tropical Cyclone Veronica in the first quarter and major turnaround activity, he said.

We achieved a number of business highlights including our best-ever safety performance in 2019. 

We also released our Annual Report 2019 and Sustainable Development Report 2019. 

To read more see here.

Woodside acknowledges Indigenous people's connections to land, water and community. We pay our respects to ancestors and elders - past, present and emerging. We recognise the many contributions Indigenous people make to our business, as community members and employees.