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    WPL   AU000000WPL2

WOODSIDE PETROLEUM LTD

(WPL)
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Delayed Quote. Delayed Australian Stock Exchange - 01/25 12:10:14 am
24.13 AUD   -3.98%
01:09aAustralia shares close at 8-month low as rate hikes in focus
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01/24Australia shares hit eight-month low on Fed rate-hike fears
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01/21NEWS HIGHLIGHTS : Top Energy News of the Day
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Australia's Woodside Petroleum to invest $5 bln in new energy by 2030

12/07/2021 | 06:25pm EST

Dec 8 (Reuters) - Woodside Petroleum Ltd will invest $5 billion in new energy products by 2030 as it looks to cut emissions and tap into cleaner sources of fuel, Australia's biggest independent oil and gas company said on Wednesday.

Companies are increasingly pivoting towards new energy and renewable sources as they race to decarbonise to meet emission targets and reduce reliance on fossil fuels, including liquefied natural gas (LNG).

Chief Executive Meg O'Neill said at an investor briefing that Woodside expects LNG "to remain an important part of the energy mix in our region for decades to come," but highlighted the importance of new energy in supporting decarbonisation goals.

"We expect that in the mid-2020s the transition to new energy will be underway, including the start-up of the first of our own projects," O'Neill said.

Woodside, which along with BHP Group gave a final go-ahead to their $12 billion Scarborough LNG project last month, has already announced four new energy projects in recent months.

These include a A$1 billion carbon-neutral hydrogen and ammonia production facility in Western Australia, as well as liquid hydrogen and solar projects in the United States. (Reporting by Shashwat Awasthi; Editing by Shounak Dasgupta and Shailesh Kuber)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP -1.25% 45.03 Delayed Quote.9.88%
WOODSIDE PETROLEUM LTD -3.98% 24.13 Delayed Quote.14.59%
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Financials (USD)
Sales 2021 6 705 M - -
Net income 2021 1 788 M - -
Net Debt 2021 3 415 M - -
P/E ratio 2021 13,0x
Yield 2021 4,40%
Capitalization 23 443 M 16 659 M -
EV / Sales 2021 4,01x
EV / Sales 2022 4,34x
Nbr of Employees 3 670
Free-Float -
Chart WOODSIDE PETROLEUM LTD
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Technical analysis trends WOODSIDE PETROLEUM LTD
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Buy
Mean consensus BUY
Number of Analysts 13
Last Close Price 24,13 $
Average target price 21,39 $
Spread / Average Target -11,4%
EPS Revisions
Managers and Directors
Meg OĺNeill Chief Executive Officer, MD & Director
Sherry Duhe Chief Financial Officer & Executive Vice President
Richard J. B. Goyder Chairman
Shaun Gregory Chief Technology Officer & EVP-Sustainability
Fiona Hick Executive Vice President-Operations
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