Woodside profit obliterated

WOODSIDE has delivered an extremely slim full year after-tax profit of a mere $US26 million ($A36.5 million) down an astonishing 99% from $2.414 billion in 2014 after a non-cash writedown wiped out most of what would otherwise have been a triumphant result, with the oiler's second highest annual production of 92.2 million barrels of oil equivalent.

Woodside profit obliterated Woodside profit obliterated Woodside profit obliterated Woodside profit obliterated Woodside profit obliterated

Despite attempts to cut costs by scaling back the size of its workforce and expenditure, the oiler was unable to do enough to reshape the company to offset sliding energy prices, which have fallen

loader