Guardian Australia BusinessGBoilAug 25, 2026, 3:29 AMImpact 58.65

Woodside scraps long-term emissions and clean energy targets despite windfall oil profits caused by Iran war

Australia’s biggest oil and gas company recorded a 27% increase in sales profit to $1.67bn in the six-month reporting period Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Woodside Energy has scrapped its long-term emissions and clean energy targets, even after enjoying a period of windfall oil profits caused by the Iran conflict. Australia’s biggest oil and gas company recorded a 27% increase in sales profit to $1.67bn ($A2.33bn) in the six-month reporting period, according to financials lodged on Tuesday, after the price of crude surged amid disruptions to global supplies. Continue reading...