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Woodside Petroleum FY Profit Rises

Woodside Petroleum Ltd. (WOPEF.PK,WOPEY.PK,WPL.AX) reported that its profit attributable to equity holders of the parent for fiscal year 2018 rose to US$1.364 billion or 148.1 cents per share from US$1.069 billion or 123.4 cents per share last year, driven by robust operational performance throughout 2018 and improved market conditions.

Operating revenue was US$5.24 billion, up from US$3.98 billion in the prior year.

The directors have declared a final dividend of 91 US cents per share, bringing the full-year dividend to US 144 cents per share.

Woodside CEO Peter Coleman said that in 2018 the company delivered strong financial results, solid production and significant progress on growth plans.

The company said it will be preparing for final investment decisions in 2020 on Scarborough, Pluto LNG Train 2 and Browse.

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