Woodside, 34 percent owned by Royal Dutch Shell (RDSa.L), said reported net profit in 2008 would be between A$1.75 billion ($1.1 billion) and A$1.8 billion, about 70-75 percent higher than the previous year.
But foreign exchange losses due to the revaluation of U.S. dollar liabilities and an impairment charge on U.S. assets were expected to cut its underlying after-tax profit in the second half of 2008 by about A$260 million, it said in a statement.
Woodside’s full-year guidance still falls short of analysts’ forecasts for a reported net profit of A$2.25 billion, according to Reuters Estimates.
“The financial results were impacted by weakening commodity prices and exchange rate movements in the last six months of 2008,” Woodside said in a statement.
Woodside added that reported profit was expected to be reduced by various significant items, such as a writedown charge for the now suspended OceanWay gas development in California, which could amount to around A$50 million after tax.
Total production in the quarter ended Dec. 31 was 23.1 million barrels of oil equivalent (boe), compared with 18 million boe produced in the same period last year, Woodside said in a statement.
Fourth-quarter output was boosted by the commissioning of a fifth liquefied natural gas train at the Woodside-operated North West Shelf project off western Australian last September, bringing production for the full year to 81.3 million boe, in line with its earlier guidance and up 15 percent from a year ago.
Woodside also said it has reached agreements to enter into new debt facilities for $800 million.
Shares in Woodside were down 1.3 percent at A$33.96 by 2349 GMT, compared with a 0.4 percent fall in the broader S&P/ASX 200 Energy index .AXEJ. ($1=1.535 Australian Dollar) (Reporting by Fayen Wong; Editing by James Thornhill)
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This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
