Woodside Energy Profit Dips, But Beats Estimates on Strong Dividend, Driftwood Interest

Woodside Energy exceeded market expectations despite a 14% profit decline attributed to lower oil prices. The company`s strong interim dividend and positive outlook on the sale of equity in its Driftwood LNG project led to a surge in share prices. Woodside`s CEO highlighted significant interest from potential buyers for various aspects of the project, with final investment decisions expected in early 2025.