Full Year Reports

2011

2011 Full Year Results

Net profit of $753 million after tax for the year ended 31 December 2011, 51% higher than the previous year. Underlying net profit of $453 million was 20% higher than 2010 primarily due to higher oil and gas prices, partially offset by a stronger Australian dollar and a higher effective tax rate.

2010

2010 Full Year Results

Net profit of $500 million after tax for the year ended 31 December 2010, 15% higher than the previous year. Underlying net profit of $376 million was up 46% on the previous year due to higher product prices and lower exploration expense.

2009

2009 Full Year Results

Sales 60.1mmboe, up 8%; underlying net profit after tax $257 million, compared to $548 million in 2008; net profit after tax $434 million; earnings per share 52.1 cents; strong balance sheet: $2.2 billion of cash.

2008

2008 Full Year Results

Sales revenue up 11% to a record $2.8 billion, underlying net profit after tax up 42% to $572 million, net profit after tax up 359% to a record $1.7 billion, Operating cash flow up 21% to $1.5 billion.

2007

2007 Full Year Results

Production of 59.1 mmboe and sales revenue of $2.5 billion in line with forecast, EBITDAX of $1,733 million, net profit after tax of $441 million down 32%, negatively impacted by higher DD&A and one-off items.

2006

2006 Full Year Results

Underlying net profit up 7% to record $683 million, net profit after tax of $643 million, EBITDAX up 17% to record $2.1 billion, sales revenue up 12% to record $2.8 billion, production up 9% to record 61.0 mmboe.

2005

2005 Full Year Results

Profit doubles to record $762 million
Net profit doubled to a record $762 million in 2005, up 115% from $355 million in 2004 and eclipsing the company’s previous highest annual profit of $487 million achieved in 2000.

2004

2004 Full Year Results

16% profit improvement achieved
16% increase in net profit to $380 million, compared to $327 million in 2003, on Group sales revenue that rose 2.5% to a record $1,501 million. Final dividend of 18 cents per share, fully franked.

2003

2003 Full Year Results

$327 million earnings after-tax
Net operating profit after-tax and exploration write-offs of $327.0 million, or 52.1 cents per share, for the 12 months to the end of December 2003, up from $322.1 million in 2002.

2002

2002 Full Year Results

Delivery of a strong full year results
Net profit after tax and exploration write-offs of $322.1 million, or 51.2 cents per share. Record production of 57.3 mmboe, up 2.9%.

2001

2001 Full Year Results

Second highest profit on record
After-tax profit for the 2001 full year of $446 million or 73 cents per share, the second highest earnings in the company’s history.

2000

2000 Full Year Results

Record profit of $487 million
Net profit after tax up 122% to $487 million. Earnings per share a record 80 cents. Final dividend of 25 cents per share comprising a 15 cent ordinary dividend and a 10 cent per share special dividend, both fully franked.

News Announcement

1999

1999 Full Year Results

Record earnings, EPS and operating cash flow
Record earnings of $219 million, up 24%. Earnings per share up 24% to a record 36 cents before abnormals. Final dividend up 2 cents to 15 cents per share, making a total 1999 dividend of 27 cents per share, fully franked.

News Announcement

1998

1998 Full Year Results

Record sales mitigate oil price impact
After tax operating profit for the 1998 full year of $176.3 million, a reduction of 14.5% on the record 1997 earnings. Record production and sales volumes mitigated the impact of the fall in the average oil price received of 23.6% in Australian dollar terms.

News Announcement

1997

1997 Full Year Results

Profit increases to $206 million; reserves increase to over 1 billion barrels
After tax operating profit for the 1997 full year of $206.2 million, an increase of 5.3% on the 1996 result of $195.9 million.

News Announcement