Woodside Energy Group Limited reports news on a global energy portfolio built around liquefied natural gas, oil and gas production, and selected new energy projects. Updates commonly cover operated assets and projects such as Pluto LNG, the North West Shelf Project, Sangomar, Shenzi, Scarborough, Trion, Louisiana LNG and Beaumont New industrial raw material, with recurring emphasis on production reliability, realised pricing, reserves, project execution and portfolio changes.
Company announcements also include annual and quarterly results, reserves statements, sustainability briefings, dividend commentary, annual meeting materials and governance changes. As an Australian foreign issuer with American Depositary Shares traded under WDS, its news flow often reflects ASX releases that are also relevant to U.S. ADR holders.
Woodside announced its half-year 2022 results will be released on August 30, 2022, showcasing its new segment reporting after merging with BHP's petroleum business. The results will include updates on reserves and resources, reflecting no changes in reservoir outcomes. The company produced 4.39 million tonnes of LNG in the first half of 2022, approximately 36.14 million barrels of oil equivalent. A teleconference for discussing these results will be held on the release date, led by CEO Meg O'Neill.
Woodside announced details related to its Second Quarter 2022 Report, confirming no changes to its full-year 2022 production guidance of 145-153 million barrels of oil equivalent (MMboe). The guidance reflects the integration of BHP Petroleum assets starting from June 1, 2022. The adjustment in production figures results from the application of a single volumetric conversion factor of 5,700 scf to 1 boe for gas products. The reported production guidance for pre-merger Woodside assets is 88-94 MMboe, down from the initial guidance of 92-98 MMboe.
Woodside Energy Group Ltd reported a 60% increase in production, totaling 33.8 MMboe, and a 44% revenue rise to $3,438 million in Q2 2022, primarily driven by the merger with BHP’s petroleum business. Sales volume rose 51% to 35.8 MMboe, with an average realized price of $95 per barrel. The merger completed on June 1 transformed Woodside into a top 10 global energy producer. Key projects like Scarborough and Pluto Train 2 advanced, with significant financial and operational benefits expected from the merger.