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Tag: Energy Trading

Gunvor halves half-year profit due to slowing energy trading boom

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Gunvor halves half-year profit due to slowing energy trading boom

(Bloomberg) — Gunvor Group Ltd. reported its lowest half-year profit since 2021, the latest evidence that energy trading firms’ margins are slipping from record highs. Profits at major energy traders are gradually normalising after enjoying the most profitable period in their history in recent years. The companies are now grappling with less volatility in oil […]

Woodside reports half-year profit of $1.94 billion after key project milestones

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Woodside reports half-year profit of .94 billion after key project milestones

Woodside reported net profit after tax (NPAT) of $1.94 billion for the half year. Underlying NPAT was $1.63 billion, a 14% decrease from the same period in 2023. The company generated operating cash flow of $2.4 billion and positive free cash flow of $740 million. Woodside had a strong liquidity position at $8.48 billion. The […]