The Woodside Petroleum Limited (ASX: WPL) share price was up 1.9% in late afternoon trading on Friday. That came as the S&P/ASX 200 Index (ASX: XJO) was losing ground, down 0.35%.
It's now been a bit over a month since the ASX 200 energy company reported its half-year results (H1FY21).
With oil prices trending steadily higher and forecast to potentially keep marching upwards from here, here's a brief recap of those results and a look at how the Woodside share price has performed since reporting.
What half year results did the ASX 200 energy share report?
The Woodside share price was in sharp focus on 18 August when the company reported its half-year results for the period ending 30 June 2021.
Among the key metrics, Woodside went from a $4 billion loss in the prior corresponding half year to post a net profit after tax (NPAT) of $317 million.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at $621 million, up from an EBITDA loss of $5.2 billion in H1FY20.
The strong results saw management declare an interim dividend of US 30 cents per share. That was up 14% (in Aussie dollar terms) from the dividend paid in the prior corresponding half year.
Woodside also confirmed on the day that it was looking at acquiring all of BHP Group Ltd's (ASX: BHP) oil and gas assets.
Commenting on the strong half-year results, Woodside's CEO, Meg O'Neil said:
Our revenue was buoyed by higher realised prices driven by the recovery in demand for LNG and oil. Sales volumes increased by 6% to 53.9 million barrels of oil equivalent for the half, as we increased trading activity in response to favourable market conditions.
How has the Woodside share price performed since reporting?
Despite the rebound in profits, the Woodside share price closed down 2.1% on the day it reported.
Since the market close on the day prior to reporting, Woodside's shares have gained 7.1% to date.
For comparison, the ASX 200 is down 2.3% over that same period.
