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    WDS   AU0000224040

WOODSIDE ENERGY GROUP LTD

(WDS)
  Report
Delayed Australian Stock Exchange  -  12:10 2022-12-02 am EST
35.71 AUD   -2.56%
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Australian shares close higher on energy, tech boost

08/30/2022 | 02:41am EST

* Woodside Energy hits highest since July 2019

* Energy stocks up 1.4%, tech stocks rise 1.8%

* Dairy producer a2 Milk Co up 6%, tops gains on NZX50

Aug 30 (Reuters) - Australian shares settled higher on Tuesday, as Woodside Energy boosted energy stocks after declaring a record interim dividend, and tech heavyweights gained following a sharp sell-off in the previous session.

The S&P/ASX 200 index closed 0.5% higher at 6,998.3, recouping some of the losses suffered on Monday in its worst session since June 30.

On Monday, shares fell sharply after Federal Reserve Chair Jerome Powell's promise of policy "pain" to contain inflation quashed hopes that the U.S. central bank would ride to the rescue of markets as so often in the past.

"Energy producers and earnings-related announcements led today's rebound in the market," said Kunal Sawhney, chief executive officer of Kalkine Group.

"But for the rest of the week, the broader theme that is likely to shape market direction is Powell's comments, which were heavily and unequivocally tilted towards continued tighter monetary policy."

Shares of Woodside Energy rose 3.8% to their highest since July 2, 2019, before paring some gains to close up 1.5%.

The gas producer more than tripled its interim dividend payout and posted a five-fold increase in first-half profit on booming oil and gas prices and its takeover of BHP Group's petroleum arm.

The broader energy sub-index climbed 1.4%, also benefiting from higher oil prices.

Meanwhile, BHP said its shareholders had sought inclusion of climate sensitivity analysis in financial statements from 2023, and consistency on climate policy. Shares of the company closed down 0.6%.

Shares of Mineral Resources hit a record high and topped gains on the benchmark index, a day after the company posted annual results. Brokerage Jefferies raised its price target for the stock, while UBS re-iterated its "buy" rating.

Technology shares jumped 1.8%, regaining some of the losses recorded on Monday.

New Zealand's benchmark S&P/NZX 50 index climbed 1.2% to 11,648.65.

Dairy producer a2 Milk Co extended gains driven by better-than-expected annual results, and hit its highest since February. (Reporting by Harish Sridharan in Bengaluru; Editing by Subhranshu Sahu)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED -1.55% 45.76 Delayed Quote.39.45%
BRENT OIL -1.49% 85.9 Delayed Quote.11.95%
MINERAL RESOURCES LIMITED 0.67% 89.83 Delayed Quote.60.41%
S&P GSCI CLASS III MILK (USD) -0.15% 151.8603 Real-time Quote.-3.47%
S&P/ASX 200 -0.72% 7301.5 Real-time Quote.-1.92%
THE A2 MILK COMPANY LIMITED -1.18% 6.71 End-of-day quote.13.15%
WOODSIDE ENERGY GROUP LTD -2.56% 35.71 Delayed Quote.62.84%
WTI -1.34% 80.208 Delayed Quote.6.45%
All news about WOODSIDE ENERGY GROUP LTD
12/01Australia court ruling on Santos raises risks for offshore gas projects
RE
12/01Australian shares fall as bleak U.S. data dims risk appetite
RE
11/30Australian shares jump after Powell signals slowdown in rate hikes
RE
11/30Woodside continues to look for ways to expand in Gulf of Mexico
RE
11/30Transcript : Woodside Energy Group Ltd - Analyst/Investor Day
CI
11/30Woodside Expects Annual Operating Cash Flow of $7 Billion-$9 Billion Over Five Years
DJ
11/29Australian shares fall; focus on Powell's speech, China data
RE
11/29Sector Update: Energy Stocks Gain Pre-Bell Tuesday
MT
11/29Woodside Energy : Meridian's Southern Green Hydrogen Project selects Woodside Energy as pr..
PU
11/29Woodside Energy : Sangomar FPSO construction phase completed
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More news
Analyst Recommendations on WOODSIDE ENERGY GROUP LTD
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Financials (USD)
Sales 2022 16 684 M - -
Net income 2022 5 463 M - -
Net Debt 2022 2 110 M - -
P/E ratio 2022 7,05x
Yield 2022 11,0%
Capitalization 45 988 M 45 988 M -
EV / Sales 2022 2,88x
EV / Sales 2023 2,83x
Nbr of Employees 3 684
Free-Float 99,6%
Chart WOODSIDE ENERGY GROUP LTD
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Woodside Energy Group Ltd Technical Analysis Chart | MarketScreener
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Technical analysis trends WOODSIDE ENERGY GROUP LTD
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 24,22 $
Average target price 25,58 $
Spread / Average Target 5,63%
EPS Revisions
Managers and Directors
Meg OĺNeill Chief Executive Officer, MD & Director
Graham Tiver Chief Financial Officer & Executive Vice President
Richard J. B. Goyder Chairman
Daniel Kalms Executive Vice President-Technical Services
Fiona Hick Executive Vice President-Operations
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