{
  "id": 3180507,
  "title": "Woodside scraps long-term emissions and clean energy targets despite windfall oil profits caused by Iran war",
  "url": "https://urgent.news/2026/08/25/woodside-scraps-long-term-emissions-and-clean-energy-targets-despite",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T03:29:38.000Z",
  "source": {
    "name": "The Guardian Australia",
    "slug": "the-guardian-australia",
    "url": "https://www.theguardian.com/australia-news/2026/aug/25/woodside-scraps-emissions-clean-energy-targets-australia"
  },
  "original_language": "en",
  "account": null,
  "summary": "Woodside Energy has abandoned its long-term emissions and clean energy targets. The company reported a 27% increase in sales profit to $1.67bn in the six-month reporting period. This surge in profit was driven by higher oil prices, which rose amid disruptions to global supplies.\n\nThe company's operating revenue increased by 13% to $7,446 million, and its underlying profit rose by 7%. The average realized oil price climbed to $74 per barrel of oil equivalent from $61.7 a year earlier. According to Investing.com, Woodside's earnings per share reached $0.873, beating analyst estimates.\n\nThe company has also announced a cost savings program targeting $350 million in annual savings from 2028. Additionally, the Scarborough Energy Project, a key long-term growth driver, is 98% complete and on track to deliver its first LNG cargo in the fourth quarter of this year.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Why is Woodside Energy stock rising today?",
        "url": "https://urgent.news/2026/08/25/why-is-woodside-energy-stock-rising-today",
        "published": "2026-08-25T01:43:05.000Z"
      },
      {
        "outlet": "The Guardian",
        "title": "Woodside scraps long-term emissions and clean energy targets despite windfall oil profits caused by Iran war",
        "url": "https://urgent.news/2026/08/25/woodside-scraps-long-term-emissions-and-clean-energy-targets-despite-3184542",
        "published": "2026-08-25T03:29:38.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}