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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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Woodside Targets $5 Billion Investment in Emerging New Energy Markets by 2030

12/07/2021 | 06:29pm EST

By David Winning

SYDNEY--Woodside Petroleum Ltd. said it aims to invest US$5 billion by 2030 in energy markets that are emerging as countries seek to reduce their carbon emissions.

Woodside outlined the target at its investor day on Wednesday, and it comes in the wake of initial deals focused on developing hydrogen as a fuel in Australia and the U.S.

Still, the Perth-based company said liquefied natural gas has a key role to play in the Asia-Pacific region for decades to come, as energy consumers shift away from coal and seek to balance the intermittent generation from renewable power sources.

Woodside, which is in the process of combining with BHP Group Ltd.'s oil-and-gas business, is planning to build a facility near Kwinana in Western Australia state that can produce hydrogen and ammonia. It also plans a facility in northern Tasmania state that initially would produce hydrogen and 200,000 metric tons of ammonia annually.

"Our projects are designed to be phased, starting small with the potential to build scale," said Chief Executive Meg O'Neill. "In each case the project location has been chosen for specific reasons, preferably near available renewables or close to market, ensuring they are customer led."

On Tuesday, Woodside said it had secured a lease and option to purchase 94 acres of vacant land in Ardmore, Oklahoma, for the future development of a modular hydrogen facility.

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

(END) Dow Jones Newswires

12-07-21 1829ET

Stocks mentioned in the article
ChangeLast1st jan.
WOODSIDE PETROLEUM LTD -3.98% 24.13 Delayed Quote.14.59%
WTI -0.52% 83.799 Delayed Quote.11.56%
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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 9,67x
Yield 2021 5,91%
Capitalization 17 461 M 17 350 M -
EV / Sales 2021 3,11x
EV / Sales 2022 3,41x
Nbr of Employees 3 670
Free-Float -
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Technical analysis trends WOODSIDE PETROLEUM LTD
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 13
Last Close Price 17,97 $
Average target price 21,39 $
Spread / Average Target 19,0%
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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