Woodside takes hit

Woodside has flagged a $140 million charge related to changes to the development of an oilfield off Western Australia. The company disclosed the charge alongside its update on June‑quarter output.

According to the company disclosure, the $140 million charge followed changes to the development of an oilfield off Western Australia. The announcement coincided with confirmation of soft June‑quarter output and an earlier report of problems with the Pluto oilfield.

Woodside confirmed that June‑quarter output was soft. The softer production was highlighted when the company recently disclosed problems at its Pluto oilfield.

The article states Woodside disclosed problems with its Pluto oilfield, and those problems were flagged as a reason for softer June‑quarter output. No additional technical details were provided in the article.

Sales in the quarter fell to $1.34 billion, down from $1.43 billion a year earlier, as reported in the company disclosure.

For investors, the flagged $140 million charge is a sign of additional costs tied to development changes and, together with the softer June‑quarter output, helps explain the decline in quarterly sales. The article doesn’t provide further financial guidance or accounting details.

The article notes the $140m charge followed changes to development of an oilfield off Western Australia and that the company also disclosed problems at the Pluto oilfield and soft June‑quarter output. It does not explicitly state in this report that the charge is directly attributable to Pluto.

The article itself provides the headline details: a $140 million charge, confirmation of soft June‑quarter output, reported problems at the Pluto oilfield, and quarterly sales of $1.34 billion versus $1.43 billion a year earlier. For more detail, investors should follow Woodside’s official disclosures and future company updates for expanded explanations (the article does not include further specifics).