Woodside Energy has reported full-year 2025 net profit after tax (NPAT) of $2.71 billion, a 24% decline from $3.57 billion in 2024, as lower raw material prices hit results despite record production. Underlying NPAT amounted to $2.64 billion, down 8% from $2.88 billion a year earlier. The company achieved full-year 2025 production of 198.8 million…
Occidental Petroleum posted a net loss of $68 million, or $0.07 per diluted share, for the fourth quarter of 2025, compared with adjusted earnings of $315 million, or $0.31 per share. The gap between GAAP and adjusted results was primarily due to charges tied to the divestiture of its chemical unit, OxyChem, which officially closed…
Shell plc’s Nigerian subsidiary, Shell Nigeria Exploration and Production Company Limited (SNEPCo), has approved investment in HI’s offshore gas development, marking another important step in expanding Nigeria’s liquefied natural gas (LNG) exports and reinforcing Shell’s integrated global gas strategy. The HI field, discovered in 1985 and located about 50 kilometers off the Nigerian coast in…
