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    WDS   AU0000224040

WOODSIDE ENERGY GROUP LTD

(WDS)
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Delayed Australian Stock Exchange  -  12:46 2022-08-12 am EDT
32.51 AUD   +2.91%
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Australian shares slip as slowdown fears return, energy top loser

06/29/2022 | 09:46pm EDT

June 30 (Reuters) - Australian shares skidded on Thursday, on course for their worst month since March 2020, as recent comments from U.S. Federal Reserve officials reaffirmed fears of a sharp economic slowdown amid attempts to contain soaring inflation.

The S&P/ASX 200 index fell 0.3% to 6,677.8 by 0050 GMT, shedding 7.6% so far in June in what would be its third straight monthly decline.

Fed Chairman Jerome Powell said at a European Central Bank conference there is a risk the U.S. central bank's interest rate hikes will slow the economy too much, but the bigger risk is persistent inflation.

Energy stocks were the top losers on the Australian benchmark index, shedding as much as 1.7% on lower oil prices. Sector leaders Woodside Energy and Santos gave up 2.1% and 0.2%, respectively.

The sub-index, however, was on track for its best half-yearly performance since June 2005, rising more than 30% since the start of this year.

Meanwhile, shares of AGL Energy jumped as much as 1.7% after the country's top power producer said a unit of Canadian investment manager Brookfield Asset Management acquired about 2.6% of its stake on June 24.

Financials also weighed on the benchmark, declining as much as 1% in what could be their worst session since June 17. The country's so-called "big four" banks were down between 0.6% and 0.9%.

The sub-index has slumped more than 10% since the start of this year.

Exports-centric miners slumped as much as 1.3% on Thursday as iron ore prices retreated after a two-day rally.

Sector leaders BHP Group, Rio Tinto and Fortescue slipped between 1% and 2%.

Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index was largely unchanged. (Reporting by Roushni Nair in Bengaluru; Editing by Subhranshu Sahu)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AGL ENERGY LIMITED 0.00% 8.5 Delayed Quote.39.74%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.20% 0.71166 Delayed Quote.-2.46%
BHP GROUP LIMITED -0.82% 38.81 Delayed Quote.-7.71%
BRITISH POUND / US DOLLAR (GBP/USD) -0.03% 1.21902 Delayed Quote.-9.75%
BROOKFIELD ASSET MANAGEMENT INC. 1.00% 68.4 Delayed Quote.-11.35%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.08% 0.7836 Delayed Quote.-1.04%
EURO / US DOLLAR (EUR/USD) -0.04% 1.03169 Delayed Quote.-9.23%
FORTESCUE METALS GROUP LIMITED -0.73% 18.95 Delayed Quote.-1.98%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.06% 0.012558 Delayed Quote.-5.85%
LONDON BRENT OIL -0.19% 99.11 Delayed Quote.24.53%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.43% 0.6461 Delayed Quote.-6.33%
RIO TINTO PLC -3.74% 4816 Delayed Quote.-1.55%
S&P/ASX 200 -0.66% 7024.3 Real-time Quote.0.00%
SANTOS LIMITED 0.63% 7.165 Delayed Quote.10.30%
WOODSIDE ENERGY GROUP LTD 2.75% 32.51 Delayed Quote.44.96%
WTI -0.19% 93.848 Delayed Quote.21.43%
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Financials (USD)
Sales 2022 14 909 M - -
Net income 2022 4 750 M - -
Net Debt 2022 4 617 M - -
P/E ratio 2022 6,92x
Yield 2022 10,4%
Capitalization 42 685 M 42 685 M -
EV / Sales 2022 3,17x
EV / Sales 2023 3,05x
Nbr of Employees 3 684
Free-Float 99,2%
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Mean consensus BUY
Number of Analysts 16
Last Close Price 22,48 $
Average target price 24,86 $
Spread / Average Target 10,6%
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Managers and Directors
Meg O’Neill 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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