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 Energy Group Limited (WDS) generates a steady flow of market-sensitive news as a global crude petroleum and natural gas producer with a strong focus on liquefied natural gas (LNG). This news page aggregates company announcements, operational updates and project milestones drawn from Woodside’s public disclosures and ASX releases furnished on Form 6-K.
Readers can follow updates on Woodside’s major projects, including the Scarborough Energy Project in Western Australia, the Trion offshore oil and gas development in Mexico, the Louisiana LNG Project near Lake Charles, and the Beaumont New Ammonia Project. Company reports regularly highlight quarterly and half-year production, project completion percentages, LNG reliability metrics and portfolio changes such as asset divestments and infrastructure partnerships.
News items also cover strategic transactions and agreements, such as sell-downs of project interests to partners like Stonepeak and Williams, long-term LNG sale and purchase agreements with counterparties including PETRONAS and Uniper, and gas supply arrangements with bp for Louisiana LNG. Governance and corporate developments appear in announcements on CEO succession, capital markets days, sustainability focus sessions and annual general meetings.
In addition, Woodside releases information on sustainability and community initiatives, such as climate-related targets and donations to organisations like the Mexican Red Cross in areas where it is progressing projects. Investors and followers of WDS can use this news feed to monitor how Woodside reports on its operations, project execution, capital management and approach to the energy transition. For ongoing research, bookmarking this page provides a single place to review Woodside’s latest reported developments and historical announcements.
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.
Woodside Energy Group Ltd is set to release its 2022 full-year results on February 27, 2023. The company disclosed line-item guidance and significant information regarding its future depreciation policy to the Australian Securities Exchange on February 14, 2023.
Investors can find more details in the official announcement available on Woodside's website.
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Woodside Energy Group Ltd has announced its 2023 Annual General Meeting (AGM) scheduled for April 28, 2023, at 10:00 AWST in Perth, Australia. The notice emphasizes the importance of director nominations, with a submission deadline set for February 21, 2023. This meeting will provide an opportunity to discuss company performance and future strategies. Investors and media contacts have been designated for inquiries, ensuring stakeholders can access important information ahead of the AGM.
Woodside Energy Group Ltd reported record fourth-quarter production of 51.6 MMboe, up 0.7% from Q3 2022, contributing to a full-year record of 157.7 MMboe. However, sales volume fell 8.5% to 52.2 MMboe, with revenue down 12% to $5,160 million, affected by lower trading activity and realized prices of $98/boe. Major projects, including Scarborough and Pluto Train 2, are underway, now 25% complete, targeting first LNG in 2026. Production guidance for 2023 is set at 180-190 MMboe. CEO Meg O'Neill emphasized strong operational performance and significant progress across their project portfolio, including the ongoing Sangomar development in Senegal.
Woodside Energy Group Ltd has announced its 2023 corporate plan, projecting a capital expenditure of US$6.0 - 6.5 billion. Key production guidance estimates range from 180 - 190 million barrels of oil equivalent (MMboe), driven by developments in the Sangomar and Mad Dog projects. Approximately 20-25% of LNG produced will be linked to gas hub indices. Woodside will hold an Investor Briefing Day on December 1, 2022, detailing its strategy and value proposition.
Woodside Energy Group Ltd announces the resignation of Executive Vice President for Australian Operations, Fiona Hick, who is leaving to pursue another opportunity within the ASX. Her contributions during her 22-year tenure, particularly in leading safe and low-carbon operations amidst market disruptions, are acknowledged by CEO Meg O'Neill. The search for Hick's successor is currently underway, which signals a transitional phase for the company.
Woodside Energy Group Ltd (ASX:WDS, NYSE:WDS, LSE:WDS) reported a record production of 51.2 MMboe for Q3 2022, a 52% increase from Q2 2022. Sales volume surged 59% to 57.1 MMboe, yielding a revenue of $5,858 million, representing a 70% rise. The production guidance for the year has been upgraded to 153 - 157 MMboe. Key projects, including Scarborough and Pluto Train 2, are progressing well with 21% completion. Long-term agreements to supply LNG to Europe were also signed, enhancing market positioning.