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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Woodside Petroleum Ltd    WPL   AU000000WPL2

WOODSIDE PETROLEUM LTD

(WPL)
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Woodside Signals US$720 Million Impairment Charge

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02/11/2020 | 03:34pm EST

By David Winning

SYDNEY--Woodside Petroleum Ltd. said it would take a post-tax impairment charge of US$720 million against the Kitimat gas assets that it owns in western Canada.

"Kitimat remains a world-class project and Woodside will continue to evaluate actively future development opportunities, including optimization of gas supply into processing facilities," the Australian company said late on Tuesday. "However, the impairment reflects increased uncertainty, particularly in the timing of the development of the upstream Liard resource, following sustained depressed gas market conditions in Western Canada."

Woodside the impairment charge would be recognized in its annual result, scheduled for release on Feb. 13.

The company said the impact of the impairment charge wouldn't be used in its calculation of the 2019 final dividend.

 

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

 

Stocks mentioned in the article
ChangeLast1st jan.
PROSPEROUS FUTURE HOLDINGS LIMITED 18.18% 0.13 End-of-day quote.1.56%
WOODSIDE PETROLEUM LTD 1.06% 33.23 End-of-day quote.-4.51%
WTI 2.15% 53.26 Delayed Quote.-16.22%
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Financials (AUD)
Sales 2020 7 388 M
EBIT 2020 3 370 M
Net income 2020 2 086 M
Debt 2020 5 009 M
Yield 2020 5,19%
P/E ratio 2020 15,4x
P/E ratio 2021 16,2x
EV / Sales2020 4,92x
EV / Sales2021 5,34x
Capitalization 31 312 M
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Technical analysis trends WOODSIDE PETROLEUM LTD
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 37,83  AUD
Last Close Price 33,23  AUD
Spread / Highest target 50,5%
Spread / Average Target 13,8%
Spread / Lowest Target -9,72%
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
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