{
  "id": 3189100,
  "title": "Woodside scraps clean energy target, posts 7% first-half profit rise",
  "url": "https://urgent.news/2026/08/25/woodside-scraps-clean-energy-target-posts-7-first-half-profit-rise",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T04:54:50.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/woodside-scraps-clean-energy-target-posts-7-firsthalf-profit-rise-4874464"
  },
  "original_language": "en",
  "account": null,
  "summary": "Woodside Energy has abandoned its longer-term emissions target and $5 billion in planned clean energy spending by 2030, shifting its focus to its core oil and gas business. CEO Liz Westcott stated that the company is on track to meet its 2030 emissions reduction target but will cut Scope 3 target, which covers emissions from use of its products. The move comes after Woodside scrapped its clean energy investments in the U.S., including a green hydrogen project in Oklahoma, citing lack of market support. Despite the shift, the company reported a 7% rise in first-half profit, reaching $1.33 billion, and expects more trading gains after redirecting cargoes to better-priced markets during the Middle East crisis.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "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 Australia",
        "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",
        "published": "2026-08-25T03:29:38.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Woodside Energy Group raises dividend by 8% to $0.57",
        "url": "https://urgent.news/2026/08/25/woodside-energy-group-raises-dividend-by-8-to-0-57",
        "published": "2026-08-25T05:12:37.000Z"
      }
    ]
  },
  "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."
}