Net profit after tax was $312.4 million, 8% lower than in 2018, largely due to the fall in global energy prices.

 

Operating cash flow of $752.4 million was used to help fund PNG LNG project debt repayments, dividends and appraisal and pre-FEED activities for the company's growth projects in PNG and Alaska.

 

At the end of 2019, the company had $1.2 billion in liquidity, comprising $396 million in cash and $756 million in undrawn credit facilities. Net debt totalled $3.0 billion.

 

A final dividend of 4.5c per share was announced, taking total dividends for 2019 to 9.5c per share, compared to 10.5c in 2018. This represented a 46% payout ratio.

 

All the results and other announcements may be found at this address: https://bit.ly/37PD65q