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Woodside Ltd (WDS) provides essential updates through this dedicated news hub for investors and energy sector professionals. Access official announcements covering operational milestones, financial results, and strategic initiatives from Australia's leading LNG producer.
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Woodside Energy Group Ltd has announced its 2023 Annual General Meeting (AGM) scheduled for April 28, 2023, at 10:00 AWST in Perth, Australia. The notice emphasizes the importance of director nominations, with a submission deadline set for February 21, 2023. This meeting will provide an opportunity to discuss company performance and future strategies. Investors and media contacts have been designated for inquiries, ensuring stakeholders can access important information ahead of the AGM.
Woodside Energy Group Ltd reported record fourth-quarter production of 51.6 MMboe, up 0.7% from Q3 2022, contributing to a full-year record of 157.7 MMboe. However, sales volume fell 8.5% to 52.2 MMboe, with revenue down 12% to $5,160 million, affected by lower trading activity and realized prices of $98/boe. Major projects, including Scarborough and Pluto Train 2, are underway, now 25% complete, targeting first LNG in 2026. Production guidance for 2023 is set at 180-190 MMboe. CEO Meg O'Neill emphasized strong operational performance and significant progress across their project portfolio, including the ongoing Sangomar development in Senegal.
Woodside Energy Group Ltd has announced its 2023 corporate plan, projecting a capital expenditure of US$6.0 - 6.5 billion. Key production guidance estimates range from 180 - 190 million barrels of oil equivalent (MMboe), driven by developments in the Sangomar and Mad Dog projects. Approximately 20-25% of LNG produced will be linked to gas hub indices. Woodside will hold an Investor Briefing Day on December 1, 2022, detailing its strategy and value proposition.
Woodside Energy Group Ltd announces the resignation of Executive Vice President for Australian Operations, Fiona Hick, who is leaving to pursue another opportunity within the ASX. Her contributions during her 22-year tenure, particularly in leading safe and low-carbon operations amidst market disruptions, are acknowledged by CEO Meg O'Neill. The search for Hick's successor is currently underway, which signals a transitional phase for the company.
Woodside Energy Group Ltd (ASX:WDS, NYSE:WDS, LSE:WDS) reported a record production of 51.2 MMboe for Q3 2022, a 52% increase from Q2 2022. Sales volume surged 59% to 57.1 MMboe, yielding a revenue of $5,858 million, representing a 70% rise. The production guidance for the year has been upgraded to 153 - 157 MMboe. Key projects, including Scarborough and Pluto Train 2, are progressing well with 21% completion. Long-term agreements to supply LNG to Europe were also signed, enhancing market positioning.
Woodside Energy Group Ltd announced a change in its additional Company Secretary on October 20, 2022. Mr. Andrew Cox will no longer serve in this role but will continue as Vice President Legal & Group General Counsel. The Board has appointed Ms. Lucy Bowman as the new additional Company Secretary effective the same date. This management change aims to enhance corporate governance and streamline company operations.
Woodside Energy Group Ltd released its Half-Year results for the period ending June 30, 2022, on August 30, 2022. Key metrics and insights from the report can be accessed via the ASX. The company highlighted ongoing growth strategies and operational updates aimed at enhancing shareholder value. Investors can review detailed financial information and performance indicators relevant to WDS at their official website. This release was authorized by Woodside's Disclosure Committee.
Woodside announced its half-year 2022 results will be released on August 30, 2022, showcasing its new segment reporting after merging with BHP's petroleum business. The results will include updates on reserves and resources, reflecting no changes in reservoir outcomes. The company produced 4.39 million tonnes of LNG in the first half of 2022, approximately 36.14 million barrels of oil equivalent. A teleconference for discussing these results will be held on the release date, led by CEO Meg O'Neill.
Woodside announced details related to its Second Quarter 2022 Report, confirming no changes to its full-year 2022 production guidance of 145-153 million barrels of oil equivalent (MMboe). The guidance reflects the integration of BHP Petroleum assets starting from June 1, 2022. The adjustment in production figures results from the application of a single volumetric conversion factor of 5,700 scf to 1 boe for gas products. The reported production guidance for pre-merger Woodside assets is 88-94 MMboe, down from the initial guidance of 92-98 MMboe.
Woodside Energy Group Ltd reported a 60% increase in production, totaling 33.8 MMboe, and a 44% revenue rise to $3,438 million in Q2 2022, primarily driven by the merger with BHP’s petroleum business. Sales volume rose 51% to 35.8 MMboe, with an average realized price of $95 per barrel. The merger completed on June 1 transformed Woodside into a top 10 global energy producer. Key projects like Scarborough and Pluto Train 2 advanced, with significant financial and operational benefits expected from the merger.
