The Woodside Energy Group Ltd (ASX: WDS) share price is slipping today.
Shares in the S&P/ASX 200 Index (ASX: XJO) energy stock closed yesterday trading for $26.89. In morning trade on Tuesday, shares are changing hands for $26.49 apiece, down 1.5%.
For some context, the ASX 200 is down 0.6% at this same time.
This follows the release of Woodside's half year results for the six months to 30 June (H1 2025).
Here's what's catching investor interest.
(*All figures below in US dollars unless otherwise noted.)
Image source: Getty Images
Woodside share price hit by profit decline
Investors are pressuring the Woodside share price today after the company reported underlying net profit after tax (NPAT) of $1.25 billion for the six months, down 24% from H1 2024.
It was a different story for operating revenue, which increased by 10% year-on-year to $6.60 billion.
Free cash flow of $272 million, however, was down a steep 63% year-on-year. And the average realised price Woodside received for its oil and gas slipped by 1% to $61.80 per barrel of oil equivalent (boe).
On the production front, the Woodside share price should be getting some support with the company reporting an 11% year-on-year increase to 548 thousand boe per day, for a total of 99.2 million boe over the half year.
In line with these results, management declared a fully franked interim dividend of 53 US cents per share (cps), down 23.2% from last year's interim payout.
If you'd like to grab that passive income payout you'll need to own shares at market close on 27 August. Woodside shares trade ex-dividend on 28 August.
Woodside also reported making strong progress on its major projects, with Scarborough 86% complete, Trion at 35%, and Beaumont New Ammonia now 95% complete. The company remains in negotiations with the government on the 40-year extension for its North West Shelf project.
At the end of the period, Woodside had cash and cash equivalents of $4.88 billion.
What did management say?
Commenting on the results that look to be pressuring the Woodside share price today, CEO Meg O'Neill said, "Strong underlying performance of our assets, our robust financial performance, and a focus on disciplined capital management have enabled us to maintain our interim dividend payout ratio at the top end of the payout range."
Woodside's interim dividend represents an 80% payout ratio of underlying NPAT and an annualised yield of 6.9%.
O'Neill added:
A highlight was the ongoing exceptional performance of our Senegal Project, which marked one year since first oil in June 2024. In just the first half of 2025, Sangomar has generated revenue nearing $1 billion, with gross production of 100 thousand barrels per day.
Proved reserves have also been added, following positive early field performance. Sangomar's success has showcased Woodside's world-class project execution and operational capabilities.
With today's intraday slide factored in, the Woodside share price is up 6% in 2025.
