Woodside Petroleum said on Thursday it expects higher full-year annual output than 2021, as it readies to merge with BHP Group’s petroleum arm in what would create a global top 10 oil and gas company.
Australia’s top independent gas producer separately announced a non-cash impairment reversal of $582 million from its oil and gas related assets in its full-year results.
(By Savyata Mishra; Editing by Sriraj Kalluvila)