Origin suspended its dividend to shareholders due to a lower oil price and the need to reduce debt.
The company’s underlying profit, down 41% on the previous year, was chalked up to a changing global energy industry not only with lower oil prices but new liquid natural gas projects coming into production and the worldwide adoption of carbon reduction targets.
- Net profit: -$589 million
(↑10.5%)
- Revenue: $12.2 billion
- Earnings*: -37.3¢
- Dividend*: None