SYDNEY--Woodside Energy is making good progress toward resolving a labor dispute in Australia that has jolted natural gas markets world-wide, Chief Executive Meg O'Neill said in an interview.
On Sunday, workers group Offshore Alliance said its members at Woodside plan to notify the company of a possible strike should they not be satisfied with the outcome of Wednesday's meeting. Woodside on Tuesday reported a record first-half net profit of US$1.74 billion as the benefit of a full period of ownership of assets acquired from mining giant BHP more than offset weaker oil and gas prices. Its revenue rose 27% to US$7.40 billion as production increased compared with the same period a year earlier.
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