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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Woodside Petroleum Ltd    WPL   AU000000WPL2

WOODSIDE PETROLEUM LTD

(WPL)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 03/31
18.21 AUD   +1.34%
03/27Oil plunges posting fifth straight weekly loss despite stimulus efforts
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News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Woodside Defers Scarborough, Pluto Train 2 Investment Decisions

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03/26/2020 | 05:06pm EDT

By David Winning

SYDNEY--Woodside Petroleum Ltd. said it was deferring three major projects to expand its liquefied natural gas production by at least one year as it seeks to conserve cash until the coronavirus pandemic is contained and oil prices recover.

Woodside said it won't decide whether to proceed with construction of the Scarborough gas project offshore Western Australia state until 2021, while pushing back the timing of a decision on a second processing unit at the active Pluto LNG facility to the same time.

A final investment decision on developing the Browse gas resource will also be delayed, but without a new target date.

Woodside said its response to the pandemic and steep fall in oil prices would cut its total expenditure this year by around 50% to US$2.4 billion. The Perth-based company had US$4.9 billion cash on hand at the end of February, and total liquidity of US$7.9 billion.

 

Write to David Winning at david.winning@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
WOODSIDE PETROLEUM LTD 1.34% 18.21 End-of-day quote.-47.03%
WTI 16.65% 28.79 Delayed Quote.-66.58%
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Financials (AUD)
Sales 2020 5 754 M
EBIT 2020 1 620 M
Net income 2020 884 M
Debt 2020 3 476 M
Yield 2020 4,12%
P/E ratio 2020 21,9x
P/E ratio 2021 21,1x
EV / Sales2020 3,86x
EV / Sales2021 4,07x
Capitalization 18 734 M
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Technical analysis trends WOODSIDE PETROLEUM LTD
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 27,03  AUD
Last Close Price 19,63  AUD
Spread / Highest target 127%
Spread / Average Target 37,7%
Spread / Lowest Target 0,36%
EPS Revisions
Managers
NameTitle
Peter John Coleman Chief Executive Officer, Executive Director & MD
Richard J. B. Goyder Chairman
Meg O'Neill Chief Operating Officer & Executive Vice President
Sherry Duhe Chief Financial Officer & Executive Vice President
Shaun Gregory CTO, Executive VP-Exploration & Technology
Sector and Competitors
1st jan.Capitalization (M$)
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