Woodside scraps long-term emissions and clean energy targets despite windfall oil profits caused by Iran war
OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Australia news category. Published on August 25, 2026 • Originally reported by Jonathan Barrett Business editor. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the Australia news category. Published on August 25, 2026 • Originally reported by Jonathan Barrett Business editor. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
Australia’s biggest oil and gas company recorded a 27% increase in sales profit to $1.67bn in the six-month reporting period
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Woodside Energy has scrapped its long-term emissions and clean energy targets, even after enjoying a period of windfall oil profits caused by the Iran conflict.
Australia’s biggest oil and gas company recorded a 27% increase in sales profit to $1.67bn ($A2.33bn) in the six-month reporting period, according to financials lodged on Tuesday, after the price of crude surged amid disruptions to global supplies.
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