Woodside Energy Group ( (AU:WDS) ) just unveiled an update.
Woodside Energy Group has agreed to sell its Greater Angostura assets in Trinidad and Tobago to Perenco for $206 million. This divestment is part of Woodside’s strategy to simplify its portfolio and focus on core priorities, providing immediate cash flow to support ongoing investments and shareholder returns. The transaction, expected to close in the third quarter of 2025, underscores Woodside’s disciplined approach to portfolio management and its commitment to delivering sustainable returns. The Greater Angostura assets have been significant contributors to Trinidad and Tobago’s economy, and the transition to Perenco is anticipated to continue this legacy.
More about Woodside Energy Group
Woodside Energy Group is a global energy company known for its innovation and determination, having established the liquefied natural gas industry in Australia in the 1980s. The company provides essential energy solutions worldwide, supporting residential and industrial needs.
YTD Price Performance: -2.11%
Average Trading Volume: 4,686,237
Technical Sentiment Signal: Buy
Current Market Cap: A$44.1B
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