Back to Articles
Woodside Leadership Questions Loom as Profit Tumbles

The Australian

ENRICHED

Authors (0)

No authors linked

Description

Acting CEO Liz Westcott-led Woodside has delivered record FY25 production and improved cash flow, but softer oil prices dented profit. The clock’s ticking on naming Meg O’Neill’s successor.

Summary

The article focuses on Woodside's leadership transition following a reported decline in profits due to softer oil prices, despite record production and improved cash flow. The leadership uncertainty at a major Australian player like Woodside can indirectly hint at broader industry challenges, possibly impacting energy policies and economic discussions. Although the content does not directly address AI safety, its reflection on economic conditions could intersect with AI in terms of energy management and predictive analytics. However, the primary concerns of the article remain rooted in corporate governance rather than AI-related existential risks or policy implications.

Body

Woodside leadership questions loom as profit tumblesActing CEO Liz Westcott-led Woodside has delivered record FY25 production and improved cash flow, but softer oil prices dented profit. The clock’s ticking on naming Meg O’Neill’s successor. All your news for a great price Unlock this story and more with your subscription Digital What’s included Unlimited access on app & web A digital version of Today’s paper Daily puzzles & Mind Games Complimentary access to The Wall Street Journal Subscriber-exclusive newsletters & early access to tomorrow’s front pages Pay As You Go No lock-in contract $1 a week for 4 weeks($4 min. cost). Then $44 charged every 4 weeks.* *Read the fine print The Australian Digital subscription costs $4 charged for a duration of 4 weeks, after which it automatically renews to $44 charged every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. New customers only. Prices after any early discounted periods may be varied as per full Terms and Conditions. See www.theaustralian.com.au/subscriptionterms for full details. 12 Month Plan Lock in & save $8 a week for the first 12 months($416 min. cost) charged as $32 every 4 weeks. Then $32 charged every 4 weeks.* *Read the fine print The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12 months. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. Prices after the first 12 months may be varied as per full Terms and Conditions. See www.theaustralian.com.au/subscriptionterms for full details. Benefits of Full Digital Access Unlimited access Expert news and commentary, accessible anytime on web & app. Today’s paper Swipe through the digital newspaper, liftouts, and archive. Newsletters Be in the know with subscriber-exclusive news emails. The Wall Street Journal Enjoy complimentary access to The Wall Street Journal. Mind Games Play daily crosswords, sudoku and more with Mind Games. Unlimited access Expert news and commentary, accessible anytime on web & app. Today’s paper Swipe through the digital newspaper, liftouts, and archive. Newsletters Be in the know with subscriber-exclusive news emails. The Wall Street Journal Enjoy complimentary access to The Wall Street Journal. Mind Games Play daily crosswords, sudoku and more with Mind Games. Subscribe Other subscription options Corporate Subscriptions The voices you trust to tell the stories that matter Meet some of the fearless, curious, world-class journalists of The Australian. They cut through spin, verify facts and tell the full story from many viewpoints – bringing clarity when it counts and insight you can rely on, every day. Vesna Poljak Business Editor Vesna Poljak has over two decades of experience in Australian business journalism, specializing in the investment industry, hedge funds and accounting. She has covered financial services, transport and infrastructure, magazine writing, commentary, podcasts, and events. Hedley Thomas National Chief Correspondent Hedley Thomas, an award-winning investigative journalist, focuses on legal issues, corruption, and politics. He's won eight Walkleys and is famed for his true crime podcasts "The Teacher’s Pet" and "Bronwyn". Claire Harvey Editorial Director Claire Harvey is Editorial Director of The Australian and hosts the daily news podcast The Front. She has been a foreign correspondent, deputy editor, columnist and reporter for over 30 years. Claire is a leading innovator in digital storytelling. Caroline Overington Literary Editor Caroline Overington, a celebrated Australian writer and journalist, is a two-time Walkley winner. She's authored 16 books, hosted true crime documentaries, and topped Audible charts with her thrillers. As literary editor for The Weekend Australian Review, she now champions fellow writers. Simon Benson Political Editor Simon Benson, an award-winning journalist, has been The Australian's Political Editor and National Affairs Editor. He was also the Daily Telegraph’s NSW political editor and led the NSW Press Gallery. Your Selection: $0 Your Selection – Change selection Today’s Total $0 Read the fine print Terms and Conditions Sorry, we are unable to process your request at this time. Please try again later.