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The Guardian - UK
The Guardian - UK
Business
Alex Daniel

UK oil firm fined £13m for repeatedly publishing inaccurate financial results

Wood Group Oil United Kingdom FCA Wood Deloitte Sidara
Oil field in the North Sea
Aberdeen-based Wood Group, which carries out engineering and consulting work on oil rigs, has been dealing with the accounting fallout since 2024. Photograph: Abermedia/Michal Wachucik/PA

John Wood Group has been fined nearly £13m for repeatedly publishing inaccurate financial results.

The FTSE-listed oil and has engineering company, which is soon to be bought by a Dubai-based rival, has previously admitted that “cultural failings” led to information being kept from auditors.

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