Welcome to our dedicated page for Woodside news (Ticker: WDS), a resource for investors and traders seeking the latest updates and insights on Woodside stock.
Woodside Ltd (WDS) provides essential updates through this dedicated news hub for investors and energy sector professionals. Access official announcements covering operational milestones, financial results, and strategic initiatives from Australia's leading LNG producer.
This resource consolidates critical information including project developments, sustainability efforts, and market position updates. Users benefit from direct access to primary source materials and analyzed updates from across Woodside's global operations.
Regular updates on exploration activities, partnership agreements, and environmental stewardship initiatives maintain relevance for both institutional and individual stakeholders. Content reflects Woodside's commitment to operational transparency in challenging energy markets.
Bookmark this page for streamlined access to verified updates about WDS's upstream operations and corporate developments. Check regularly for new announcements affecting the energy investment landscape.
Woodside Energy Group Ltd has appointed Liz Westcott as Executive Vice President of Australian Operations, effective June 1, 2023. Westcott joins from EnergyAustralia, where she served as Chief Operating Officer, overseeing sustainability and operations. With a 25-year background at ExxonMobil across multiple countries, she brings extensive experience in strategic planning and operations. Woodside's CEO, Meg O'Neill, expressed confidence in Westcott's capabilities in stakeholder management and operational leadership. O'Neill also acknowledged Mike Price for his leadership over the past five months. The appointment is expected to strengthen Woodside's operational capabilities as the company looks to meet energy demands both locally and internationally.
Woodside Energy Group reported Q1 2023 results, with 46.8 MMboe production (520 Mboe/day), a 9% decrease from Q4 2022 due to planned maintenance. Sales volume was 50.4 MMboe, down 4%, while revenue decreased by 16% to $4,330 million. Year-over-year, production, sales, and revenue rose 122%, 112%, and 81%, respectively, thanks to post-merger expansion. LNG reliability was high at 99.9% for Pluto LNG. Major projects, including Sangomar and Mad Dog Phase 2, are ongoing, with first production achieved in April 2023. Ongoing evaluations for Trion are in progress to support final investment decisions.
Woodside Energy Group announces the retirement of Directors Dr Sarah Ryan and Dr Christopher Haynes effective after the 2023 AGM on April 28, 2023. Dr Haynes has been on the Board since 2011, while Dr Ryan joined in 2012, both contributing significantly to the company's strategic direction amid challenging market conditions. In their place, Mr Arnaud Breuillac has been appointed as a non-executive Director, recognized for his extensive experience in the energy sector. The Board also recommends the election of Ms Angela Minas at the 2023 AGM, bringing further expertise in finance and compliance, enhancing the Board's capabilities during a pivotal time for Woodside.
Woodside Energy Group reported a net profit after tax (NPAT) of US$6,498 million for the full year 2022, reflecting a 228% increase. Total production reached 157.7 MMboe, with operating cash flow at $8,811 million. The company declared a final dividend of US 144 cents per share, totaling US 253 cents for the year. The merger with BHP's petroleum business resulted in $400 million in synergies. Woodside maintained high reliability at its LNG assets, achieving 98.5%. The realized price rose 63% year-on-year to $98.4 per barrel. Looking ahead, Woodside aims for the first oil from the Sangomar project late in 2023 and to advance its growth projects.
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