Big Australian energy companies, Woodside and Santos, might make less money this year than last year. This is because energy prices aren't as high. It's like selling lemonade – if the price of lemons goes down, you make less money even if you sell the same amount.
- Woodside is expected to make about $2.96 billion, down from $3.32 billion last year.
- Santos is expected to make about $1.32 billion, down from $1.42 billion last year.
- Both companies have some big projects that are taking longer and costing more than expected.
| Company | Expected Profit (Billions) | Last Year's Profit (Billions) |
|---|---|---|
| Woodside | $2.96 | $3.32 |
| Santos | $1.32 | $1.42 |
