Sep 04, 2025 (The Australian Financial Review - ABIX via COMTEX) --
The Federal Court is to hear a dispute involving Mitsui, Woodside Energy and ExxonMobil. It involves Mitsui being asked for a payment of $156.3 million from ExxonMobil and $141.6 million from Woodside. The latter two companies are of the view that Mitsui should make a greater contribution to the petroleum resource rent tax payable to the federal government for gas extracted from the Kipper gas field in Bass Strait. The dispute is linked to a demand from the Australian Taxation Office for greater payments of the tax for the period between 2013 and 2017. Mitsui, which acquired Santos's 35 per cent stake in the Kipper field in 2016, does not believe it should be liable for those debts..
Publication Date: 5 September 2025
MITSUI AND COMPANY LIMITED
WOODSIDE ENERGY GROUP LIMITED - ASX WDS
EXXONMOBIL CORPORATION
SANTOS LIMITED - ASX STO
COMTEX_468548551/2229/2025-09-04T16:08:47
By Peter Ker
Copyright 2025 Roy Morgan Research. All Rights Reserved.
