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The Guardian - AU
The Guardian - AU
National
Kris Swales

Afternoon Update: Woodside profit more than triples; ‘illegal’ strip search claims; and New York’s mountain of weed

Shareholders arrive for the Woodside annual general meeting
Active investors are urging Woodside shareholders to vote against the company’s remuneration report at its upcoming annual general meeting. Photograph: Richard Wainwright/AP

Activist groups were unimpressed by Woodside’s eye-popping full-year profit result, setting the scene for another fiery gathering of shareholders at the company’s AGM in April.

The Australian oil and gas giant’s underlying profit more than tripled to $7.7bn as energy prices surged in the wake of Russia’s invasion of Ukraine. That figure fell about 9% shy of investors’ expectations, while activists labelled its simultaneously released 2022 climate report as a “fail”.

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