Original article by Nick Evans
The Australian – Page: 15 : 28-Feb-23

Woodside Energy has posted a net profit of $US6.5bn ($9.7bn) for the 2022 calendar year, and an underlying profit after tax of $US5.2bn. It is Woodside’s first financial result since its merger with BHP’s petroleum division in June, and CEO Meg O’Neill says it has already achieved the forecast $US400m in operating synergies. Woodside paid $989m in corporate taxes in 2022, up from $333m in the previous year; it also had a petroleum resource rent tax bill of $720m, compared with zero in 2021. O’Neill says a super profits tax on resources groups is not necessary, arguing that the existing tax system is working.

CORPORATES
WOODSIDE ENERGY GROUP LIMITED – ASX WDS, BHP GROUP LIMITED – ASX BHP