Woodside Energy Group Ltd
WDS
ISIN US9802283088 / Valor 649970
Woodside Energy Group Ltd
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About company
Woodside Energy Group Ltd is a leading Australian oil and gas company with a strong focus on offshore activities. The company has a long-standing commitment to identifying and managing potential environmental impacts and risks associated with its operations. Woodside is known for its expertise in the exploration, development, and production of oil and gas resources, with a track record of delivering high-quality projects in a safe and sustainable manner.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (17.12.2024):
Revenue Decline
In the first half of 2024, Woodside Energy Group Ltd reported a 19% decrease in operating revenue, amounting to $5,988 million compared to the same period in 2023. This decline was primarily attributed to lower average realized prices and fewer third-party LNG trades classified as revenue.
Profit Increase
Despite the drop in revenue, Woodside Energy Group Ltd's net profit after tax (NPAT) for H1 2024 increased by 11% to $1,937 million. This improvement was driven by lower royalties, trading costs, and depreciation expenses, as well as gains from the sell-down of the Scarborough Joint Venture.
Dividend Announcement
Woodside Energy Group Ltd declared a fully franked interim dividend of 69 US cents per share for the first half of 2024. This dividend represents approximately 80% of the underlying NPAT for the period, amounting to a total payment of $1,310 million.
Cash Flow and Liquidity
During H1 2024, Woodside Energy Group Ltd generated $2,393 million in cash flow from operating activities and achieved a positive free cash flow of $740 million. The company increased its standby debt facilities to $6,500 million, with liquidity at the end of the period standing at $8,479 million.
Production and Sales Volumes
Woodside Energy Group Ltd's total production volumes for the first half of 2024 were 89.3 MMboe, a slight decrease of 2% compared to H1 2023. Sales volumes also saw a decline of 5%, totaling 93.9 MMboe, influenced by natural field decline and fewer third-party LNG trades.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
28880 M
Market cap (USD)
86,759
Daily traded volume (Shares)
15.24 / 15.02
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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