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Woodside Petroleum Reports NPAT Up 97.9% to US$2.98bn for the Year to 31 December 2012

20 Feb 2013  |  11:18:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Appendix 4E (2012 Full Year Results)

Woodside Petroleum reported NPAT up 97.9% to US$2.98bn for the year ended 31 December 2012. Revenues from ordinary activities were US$6.35bn, up 32.2% from last year. The Company's 2012 results benefited from a full year of production from the NWS oil facilities and improved production from the Vincent oil field, following infill development in 2011 and early 2012. This Diluted EPS was 366 US cents compared to 190 US cents last year. Net operating cash flow was US$3.48bn compared to US$2.24bn last year. The final dividend declared was 65 cents, taking the full year dividend to 130 cents compared with 110 cents last year. Investment expenditure for 2013 is expected to be $2.6bn, which is higher than previous guidance due to anticipated additional expenditures associated with the Leviathan and Myanmar opportunities.

Woodside Petroleum Full Year Results 31 December 2012

Year to 31 December 2012 (US$M) Year to 31 December 2011 (US$M)
Revenue 6,348 4,802
Pre-Tax Profit 3,658 2,186
Net Profit 2,983 1,507
Operating Cash Flow 3,475 2,242
Total Dividend (US cents) 130 110
Diluted EPS (US cents) 366 190
NTA (US$) 18.39 15.71
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