Woodside profit slides

Oil and gas major Woodside has reported a slide in net profits after tax for the half-year ended June, compared with the previous corresponding period, as production declined.

Net profits after tax for the six months to June was reported at $419-million, down from the $541-million in the first half of 2018, as production decreased from 44.3-million barrels of oil equivalent to 39-million barrels of oil equivalent.