Feb 24 (Reuters) - Oil and gas producer Woodside Energy WDS.AX reported an 8% drop in full-year profit on Tuesday, as lower realised prices outweighed a slight increase in production.

The company posted an underlying net profit after tax of $2.65 billion for the year ended December 31, falling from $2.88 billion a year earlier but beating a Visible Alpha consensus of $2.54 billion.

(Reporting by Sneha Kumar and Roshan Thomas in Bengaluru; Editing by Maju Samuel)

((Sneha.Kumar@thomsonreuters.com; Roshan.Thomas@thomsonreuters.com))