The market reflected satisfaction with the result, pushing Woodside shares up as much as 5.6 per cent in early trading. The stock was up 4.2 per cent at $30.355 at 11:44am AEDT.
Net profit for the June half rose to $US507 million, while free cash flow jumped 170 per cent to $US445 million.
"We are progressing the priorities we outlined in our plan to deliver shareholder value across three distinct time horizons," Mr Coleman said.
He advised the start-up of the Wheatstone LNG project in Western Australia, which will give Woodside's production a boost, is imminent and pointed to exploration success in Myanmar and Senegal.
Woodside declared an interim dividend of US49¢, up from US34¢ a year ago.
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