Australia's Woodside Energy reported a 24% decline in its first-half net profit for the six months ended June, primarily due to lower commodity prices and increased depreciation costs. The company also incurred expenses related to its exit from a U.S. hydrogen project and the decommissioning of several fields. In response to the profit drop, Woodside is reducing its exploration activities and shifting its focus towards a $39 billion project pipeline. Additionally, Woodside plans to divest 20% to 30% of its Louisiana LNG Holding Company, which is tied to its $17.5 billion Louisiana LNG project in the United States, while retaining up to 80% ownership. The company has also narrowed its oil and gas production guidance for 2025 amid concerns about a potential crude oversupply in the market. Despite execution risks, dividends may help maintain investor support as oil prices continue to influence stock market dynamics.