Woodside Petroleum to exit Myanmar, flags $138 million hit to annual profit

Woodside Petroleum to exit Myanmar, flags $138 million hit to annual profit

27/1/2022 4:22:00 AM

Woodside Petroleum to exit Myanmar, flags $138 million hit to annual profit

Woodside Petroleum Ltd said on Thursday it will exit its Myanmar operations citing deteriorating human rights situation in the country, and warned of a $138 million impact to its fiscal 2021 net profit after tax from the withdrawal. (Reporting by Sameer Manekar in Bengaluru; Editing by Shailesh Ku

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