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Woodside Energy Reports Reserve Growth and Sangomar Success

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Woodside Energy Reports Reserve Growth and Sangomar Success

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Woodside Energy Group ( (AU:WDS) ) has shared an update.

Woodside Energy Group has reported an increase in its proved and proved plus probable reserves by 54.9 MMboe and 46.2 MMboe respectively, driven by strong initial performance at the Sangomar project. The successful execution of Sangomar, which reached first oil in 2024, underscores Woodside’s operational expertise and has already generated significant revenue while maintaining high safety standards and strong local impact in Senegal. As Woodside continues its growth phase with projects like Scarborough and Trion, and plans for Louisiana LNG, it remains committed to safety, reliability, and performance, ensuring continued value for stakeholders.

More about Woodside Energy Group

Woodside Energy Group is a prominent player in the oil and gas industry, focusing on energy production and exploration. The company is known for its large-scale projects and has a significant presence in regions like Australia and the US, with a commitment to operational excellence and sustainable returns.

YTD Price Performance: -0.20%

Average Trading Volume: 3,784,891

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$46.56B

For detailed information about WDS stock, go to TipRanks’ Stock Analysis page.

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