Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Woodside Energy Group ( (AU:WDS) ).
Woodside Energy Group reported a productive second quarter with a 2% increase in production, reaching 50.1 million barrels of oil equivalent. The company has made significant strides in its projects, notably achieving an 86% completion rate for the Scarborough Energy Project and a 35% completion for the Trion Project. The final investment decision for the Louisiana LNG Project marks a strategic move to enhance Woodside’s global LNG positioning. Financially, Woodside has strengthened its liquidity through strategic divestments and bond issuances, further supporting its growth and shareholder returns. The company continues to focus on sustainability, aiming to reduce greenhouse gas emissions and manage decommissioning activities effectively.
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 prominent player in the energy sector, primarily focusing on the production and supply of liquefied natural gas (LNG) and oil. The company is engaged in various large-scale projects, including the Scarborough Energy Project and the Trion Project, which are aimed at expanding its LNG and oil production capabilities. Woodside also emphasizes sustainability and cost control in its operations.
Average Trading Volume: 5,384,973
Technical Sentiment Signal: Buy
Current Market Cap: A$46.28B
For a thorough assessment of WDS stock, go to TipRanks’ Stock Analysis page.