WOODSIDE ENERGY GROUP LTD - WOPEF STOCK NEWS

Woodside Energy Group Ltd has appointed Liz Westcott as Executive Vice President of Australian Operations, effective June 1, 2023. Westcott joins from EnergyAustralia, where she served as Chief Operating Officer, overseeing sustainability and operations. With a 25-year background at ExxonMobil across multiple countries, she brings extensive experience in strategic planning and operations. Woodside's CEO, Meg O'Neill, expressed confidence in Westcott's capabilities in stakeholder management and operational leadership. O'Neill also acknowledged Mike Price for his leadership over the past five months. The appointment is expected to strengthen Woodside's operational capabilities as the company looks to meet energy demands both locally and internationally.

Woodside Energy Group reported Q1 2023 results, with 46.8 MMboe production (520 Mboe/day), a 9% decrease from Q4 2022 due to planned maintenance. Sales volume was 50.4 MMboe, down 4%, while revenue decreased by 16% to $4,330 million. Year-over-year, production, sales, and revenue rose 122%, 112%, and 81%, respectively, thanks to post-merger expansion. LNG reliability was high at 99.9% for Pluto LNG. Major projects, including Sangomar and Mad Dog Phase 2, are ongoing, with first production achieved in April 2023. Ongoing evaluations for Trion are in progress to support final investment decisions.

Woodside Energy Group announces the retirement of Directors Dr Sarah Ryan and Dr Christopher Haynes effective after the 2023 AGM on April 28, 2023. Dr Haynes has been on the Board since 2011, while Dr Ryan joined in 2012, both contributing significantly to the company's strategic direction amid challenging market conditions. In their place, Mr Arnaud Breuillac has been appointed as a non-executive Director, recognized for his extensive experience in the energy sector. The Board also recommends the election of Ms Angela Minas at the 2023 AGM, bringing further expertise in finance and compliance, enhancing the Board's capabilities during a pivotal time for Woodside.

Woodside Energy Group reported a net profit after tax (NPAT) of US$6,498 million for the full year 2022, reflecting a 228% increase. Total production reached 157.7 MMboe, with operating cash flow at $8,811 million. The company declared a final dividend of US 144 cents per share, totaling US 253 cents for the year. The merger with BHP's petroleum business resulted in $400 million in synergies. Woodside maintained high reliability at its LNG assets, achieving 98.5%. The realized price rose 63% year-on-year to $98.4 per barrel. Looking ahead, Woodside aims for the first oil from the Sangomar project late in 2023 and to advance its growth projects.

Woodside Energy Group Ltd is set to release its 2022 full-year results on February 27, 2023. The company disclosed line-item guidance and significant information regarding its future depreciation policy to the Australian Securities Exchange on February 14, 2023.

Investors can find more details in the official announcement available on Woodside's website.

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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.