Worley whacked as profits plummet A SHOCK profit downgrade has wiped more than $1.4 billion off the market capitalisation of WorleyParsons in the strongest sign yet that the construction slowdown in the resources industry has spread into the oil and gas sector. Less than four weeks after it confirmed it expected its 2014 profit to exceed its 2013 financial year return of $322 million, WorleyParsons said yesterday it now believed it would post a 2014 net profit of between $260m and $300m.