Friday, September 4, 2026

Australian LNG major Woodside takes $4.3 bln impairment hit

Offshore Energy Australian LNG major Woodside is bracing for a $4.37 billion impairments hit following an asset value review. The company is expected to take a $2.76 billion hit in its financial statements for the half-year ended June 30, 2020, for oil and gas properties. It will also recognize a $1.16 billion impairment loss for exploration and evaluation assets. Woodside