Financial PerformanceWoodside reported a strong FY24 result with underlying EBITDA of $9.28bn, in-line with consensus.
Growth PotentialA pipeline of organic growth projects is expected to drive 5% CAGR in production from 2024-2027.
Market ConditionsHigh European gas prices are attracting liquified natural gas away from Asia, potentially tightening the Asian market and supporting higher spot prices, which is beneficial for Woodside's LNG sales.