Woodside scraps emissions and clean energy targets after profit surge linked to Iran conflict
Australia's biggest oil and gas company has scrapped its long-term emissions and clean energy targets after reporting a sharp rise in profit linked to higher crude prices during the Iran conflict. Woodside Energy said sales profit rose 27% to $1.67bn in the six-month reporting period, according to financial results lodged on Tuesday. The company also said it expects further trading gains by redirecting barrels to markets paying premium prices.The Perth-headquartered group said it would drop a commitment to invest $US5bn in new energy products, including hydrogen, by 2030. It has also placed its ammonia business in the United States under... [Continue Reading]
360LiveNews | 25 Aug 2026 05:02 LONDON
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