Australia’s biggest oil and gas producer, which bought BHP's energy assets in June, says events of the past six months highlight the importance of gas in the world’s energy mixWoodside Energy, Australia’s biggest oil and gas producer, said first-half profit soared more than fivefold on the back of higher prices and the takeover of BHP’s energy assets.
Woodside has faced investor and activist scrutiny for its increased contribution to climate change after the all-share takeover of BHP’s petroleum assets, which made it Australia’s largest energy company and one of the world’s biggest liquefied natural gas suppliers. The company has used the global energy crunch to defend its decision to continue to invest in production such as the Scarborough project, which is set to supply its first LNG cargo in 2026.