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    WDS   AU0000224040

WOODSIDE ENERGY GROUP LTD

(WDS)
  Report
Delayed Australian Stock Exchange  -  12:10:46 2023-01-27 am EST
36.42 AUD   -2.39%
01/25Sector Update: Energy Stocks Lean Lower Premarket Wednesday
MT
01/25Woodside Energy : Delivering reliable production - Form 6-K
PU
01/25Woodside Energy Posts Higher Q4 Production
MT
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Woodside Energy Beats Annual Oil, Natural Gas Output Goal

01/24/2023 | 05:32pm EST

By David Winning


SYDNEY--Woodside Energy Group Ltd. said strong production of oil and natural gas in the final three months of 2022 helped it to beat a target for annual output.

Woodside, which last year acquired BHP Group Ltd.'s petroleum business, reported production of 157.7 million barrels of oil equivalent in the 12 months through December, exceeding a prior guidance range of 153 million-157 million BOE. The company produced 51.6 million BOE in the final quarter of the fiscal year.

Chief Executive Meg O'Neill said it marked the highest annual production in Woodside's history. "Consistent strong operational performance and favorable operating conditions across the combined portfolio was a key driver in achieving record quarterly and full-year production," she said.

Woodside said its quarterly revenue totalled US$5.16 billion, down 12% on the three months through September as a result of reduced trading activity and lower prices of crude oil and liquefied natural gas. Across its portfolio, the company's output fetched an average realized price of US$98 per barrel of oil equivalent, down from US$102/BOE in the prior period.

Ms. O'Neill said strong progress was made across Woodside's portfolio of growth projects, with the Scarborough and Pluto Train 2 projects now 25% complete and on track to ship a maiden LNG cargo in 2026.

"Most of the major equipment for the Scarborough floating production unit has been ordered and module construction of Pluto Train 2 has commenced," she said.

Woodside's 2023 production guidance was unchanged at 180 million-190 million BOE.


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


(END) Dow Jones Newswires

01-24-23 1731ET

Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / BRITISH POUND (AUD/GBP) -0.05% 0.5724 Delayed Quote.1.69%
BHP GROUP LIMITED 0.61% 49.54 Delayed Quote.7.91%
BRENT OIL -1.57% 86.05 Delayed Quote.0.27%
CANADIAN DOLLAR / BRITISH POUND (CAD/GBP) 0.18% 0.606064 Delayed Quote.-1.30%
EURO / BRITISH POUND (EUR/GBP) -0.11% 0.87646 Delayed Quote.-0.59%
INDIAN RUPEE / BRITISH POUND (INR/GBP) -0.05% 0.009899 Delayed Quote.-1.01%
S&P GSCI CRUDE OIL INDEX -1.88% 436.6984 Real-time Quote.0.35%
S&P GSCI NATURAL GAS INDEX 0.04% 133.3926 Real-time Quote.-34.86%
US DOLLAR / BRITISH POUND (USD/GBP) 0.14% 0.806647 Delayed Quote.-2.54%
WOODSIDE ENERGY GROUP LTD -2.39% 36.42 Delayed Quote.5.28%
WTI -2.02% 79.45 Delayed Quote.0.09%
All news about WOODSIDE ENERGY GROUP LTD
01/25Sector Update: Energy Stocks Lean Lower Premarket Wednesday
MT
01/25Woodside Energy : Delivering reliable production - Form 6-K
PU
01/25Woodside Energy Posts Higher Q4 Production
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01/25Woodside Energy's Q4 Production More Than Doubles
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01/24Australian shares flat as miners offset gains in banks
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01/24Woodside Energy Group Ltd Reports Provides Production Guidance for Full-Year 2023
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01/24Woodside Energy Group Ltd Reports Production Results for the Fourth Quarter 2022
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01/24Woodside Energy Group Ltd Reports Revenue Results for the Fourth Quarter 2022
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Analyst Recommendations on WOODSIDE ENERGY GROUP LTD
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Financials (USD)
Sales 2022 16 795 M - -
Net income 2022 5 323 M - -
Net Debt 2022 1 827 M - -
P/E ratio 2022 7,54x
Yield 2022 10,4%
Capitalization 49 152 M 49 152 M -
EV / Sales 2022 3,04x
EV / Sales 2023 3,25x
Nbr of Employees 3 684
Free-Float 99,6%
Chart WOODSIDE ENERGY GROUP LTD
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Technical analysis trends WOODSIDE ENERGY GROUP LTD
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 25,89 $
Average target price 26,97 $
Spread / Average Target 4,17%
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
Christopher Michael Haynes Independent Non-Executive Director
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