An announcement from Woodside Energy Group ( (AU:WDS) ) is now available.
Woodside Energy Group reported a record annual production of 194 million barrels of oil equivalent in 2024, driven by strong performance at its Sangomar project. The company achieved a significant net profit after tax of $3.6 billion, reflecting its operational efficiency and strategic investments in growth projects like Scarborough and Trion. Woodside’s efforts to reduce emissions and enhance safety standards were notable, despite a tragic incident at the Beaumont New Ammonia Project. The company is well-positioned to capitalize on growing global energy demand, particularly in LNG, with new long-term supply agreements in Asia, and expects substantial cash flow generation in the coming years.
More about Woodside Energy Group
Woodside Energy Group Ltd is a leading energy company based in Australia, primarily involved in the exploration and production of oil and natural gas. The company focuses on delivering energy solutions while maintaining a commitment to sustainability and operational excellence.
YTD Price Performance: -4.96%
Average Trading Volume: 3,850,855
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$44.34B
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