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Woodside Energy Group ( (AU:WDS) ) has issued an update.
Woodside Energy Group has agreed to take over operatorship of the Bass Strait assets from ExxonMobil Australia, enhancing its operational footprint in Australia. This strategic move is expected to generate over US$60 million in synergies and allows Woodside to pursue further production and reliability improvements, as well as future development opportunities, thereby reinforcing its position as a leading energy provider in the Australian market.
The most recent analyst rating on (AU:WDS) stock is a Hold with a A$28.00 price target. To see the full list of analyst forecasts on Woodside Energy Group stock, see the AU:WDS Stock Forecast page.
More about Woodside Energy Group
Woodside Energy Group is a leading Australian energy company engaged in the exploration, development, and production of oil and natural gas. The company operates primarily in Australia and focuses on meeting domestic energy needs through its operations in Western Australia and the east coast, including the North West Shelf, Pluto, Macedon, and Bass Strait assets.
Average Trading Volume: 5,375,443
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$49.69B
Find detailed analytics on WDS stock on TipRanks’ Stock Analysis page.