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AAP
AAP
Business
Jacob Shteyman

Woodside profits slip as energy prices dip

Woodside boss Meg O'Neill says the company continues to thrive through the energy transition. (Richard Wainwright/AAP PHOTOS)

Lower energy prices have hit oil and gas giant Woodside's profit, but the impact has not been as bad as expected due to lower operating costs.

Australia's biggest fossil fuels producer on Tuesday announced underlying net profit fell 14 per cent to $US1.63 billion ($A2.41 billion) for the six months ended June 30.

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