Australia's Woodside Petroleum annual profit soars on higher prices

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The company posted an underlying net profit after tax, excluding one-time charges, of $1.62 billion for the year ended Dec. 31, compared with a profit of $447 million a year earlier. Analysts had expected a profit of $1.36 billion, according to RBC.

(This story corrects paragraph 2 to say the company reported results for the year ended Dec. 31, not half-year ended Dec. 31)