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WDS Woodside Energy Group Ltd

1,368.00
-6.00 (-0.44%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Woodside Energy Group Ltd LSE:WDS London Ordinary Share AU0000224040 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -6.00 -0.44% 1,368.00 44,170 16:35:06
Bid Price Offer Price High Price Low Price Open Price
1,360.00 1,370.00 1,380.00 1,360.00 1,370.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 13.99B USD 1.66B USD 0.8743 30.85 26.09B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:06 UT 3,551 1,368.00 GBX

Woodside Energy (WDS) Latest News

Woodside Energy (WDS) Discussions and Chat

Woodside Energy Forums and Chat

Date Time Title Posts
24/7/202401:53Woodside Energy - Charts & News87
10/6/202209:32Woodside Energy29
07/6/202214:31Woodside Energy2

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Woodside Energy (WDS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:061,368.003,55148,577.68UT
2024-07-26 15:29:341,364.201461,991.73O
2024-07-26 15:25:501,366.002002,732.00AT
2024-07-26 15:25:501,366.0048655.68AT
2024-07-26 15:25:501,366.0050683.00AT

Woodside Energy (WDS) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Woodside Energy Daily Update
Woodside Energy Group Ltd is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker WDS. The last closing price for Woodside Energy was 1,374p.
Woodside Energy currently has 1,898,749,771 shares in issue. The market capitalisation of Woodside Energy is £51,209,281,324.
Woodside Energy has a price to earnings ratio (PE ratio) of 30.85.
This morning WDS shares opened at 1,370p
Posted at 24/7/2024 01:53 by kiwi2007
Woodside: Guidance Maintained and Sangomar Oil Production Now Ramping

No-moat Woodside reported a robust second quarter 2024, with production down 1% to 44.4 million barrels of oil equivalent, in line with expectations. Planned maintenance at the North West Shelf was partly offset by higher seasonal demand at Bass Strait and first oil from the Sangomar project in Senegal. Average price achievement was down 3% to USD 60 per boe, as anticipated. Our fiscal 2024 earnings per share forecast of AUD 2.23 stands, as does our AUD 45 fair value estimate. Woodside kept all 2024 guidance, including production of 185-195mmboe and capital expenditure of USD 5.0 billion-USD 5.5 billion. We remain at the midpoint for both.

The Pluto T2/Scarborough LNG project was 67% complete at quarter's end and on schedule for first cargoes in 2026. The total project cost has increased by 4% to USD 12.5 billion (Woodside's share is USD 8.2 billion) driven largely by an increase in scope of modifications to the existing Pluto T1. The base modifications will allow up to 3.0 million metric tons per year of Scarborough gas to be processed through T1, which, in conjunction with T2's 5 Mtpa capacity, will enable full utilization of the 8 Mtpa in offshore capacity.

Woodside shares have slipped 5% to around AUD 27.80 over recent days, including the market perhaps expressing some dissatisfaction with Woodside's proposed USD 900 million cash acquisition of Tellurian for its wholly owned Driftwood LNG project on the US Gulf Coast. As discussed in our last note, we think Tellurian seems a reasonable deal, with a low upfront cost and potential to farm out and phase development.

Our Woodside fair value equates to a 2033 enterprise value/EBITDA of 9.9, excluding the USD 3.7 billion lump sum we credit for undeveloped prospects. Ignoring Tellurian and Driftwood, we forecast relatively flat EBITDA over the next decade as lower commodity prices offset production growth via Scarborough. We project a midcycle USD 60 per barrel for Brent crude and USD 8.40 per mmBtu for LNG from 2026.

Probably best value for Aussie shareholders who get them 100% franked.
Posted at 22/5/2024 12:30 by anhar
I allocated the correct valuation to my WDS received in the BHP demerger and at present it's down about 14%. For me though, as purely a long term hold income investor who pays little attention to price flucs, the more important figures are the divis and they are far worse.

The 23 payout of US 140¢ is down a nasty 45% from the 253¢ of 22. In more bad divi news, this is predicted to fall again to 115¢ for 24.

The 115¢ is currently worth about 90p so at 1,450p makes a forward yield of 6.2%. That's good so I'll continue to hold in my income port despite the lousy recent divi record. I'm a bit more lenient with the divis from my mining and oil holdings because their payouts are based on a proportion of profits which vary with fluctuating commodity prices. Long term I've found that the divis on average can work out well but require patience to ride out the cycles.

This pattern differs from other industries which have a tendency to increase payments each year.
Posted at 21/5/2024 00:22 by garycook
Yes. Underperformed big time. Fair bit of upside value here.12 Month high 2006p .I contacted WDS HR in Australia about the performance of WDS this year, but no response yet.
Posted at 20/5/2024 22:05 by kiwi2007
MorningStar:
As of March 31st, Woodside Energy (ASX:WDS) comprised over 6% of Dimensional’s Gold Medalist rated Australian Value Trust. Like other offerings from Dimensional, the Australian Value Trust employs factor tilts grounded in the research carried out by Eugene Fama and Kenneth French. From a starting point of the ASX’s cheapest 45% of stocks by book value, further value, size, and profitability factors are applied.

Woodside is Australia’s premier oil and gas player, with operations encompassing liquid natural gas, natural gas, condensate and crude oil. Morningstar Equity Analyst Mark Taylor sees Woodside’s low-cost LNG interests as attractive and feels the company also benefits from its unparalleled experience of LNG in the Australian market and long-held off-take agreements with several Asian utilities. However, the firm does not appear to have an economic moat.

Woodside’s share price has struggled since September 2023. The company also reported a 7% decline in first-quarter 2024 production but maintained its 2024 guidance for production and capital expenditure. Mark Taylor’s fair value estimate of $45.00 assumes relatively flat earnings before interest, taxes, depreciation and amortisation (E“BITDA”;) over the next decade as lower commodity prices offset production growth. At a share price of around $27.28, Woodside is trading 40% below this level.
Posted at 09/5/2024 22:57 by kiwi2007
Good news for ordinary shareholders at last:
Posted at 26/3/2024 07:29 by garycook
WOODSIDE COMPLETES SALE OF 10% SCARBOROUGH INTEREST



Woodside has completed the sale of a 10% non-operating participating interest in the Scarborough Joint Venture to LJ Scarborough Pty Ltd (LNG Japan).[1]



The completion follows Woodside's announcement on 8 August 2023 that it had established a strategic relationship with LNG Japan that involved three elements: equity in the Scarborough Joint Venture; potential LNG offtake; and collaboration on potential opportunities in new energy. The sale proceeds received by Woodside of US$910 million for equity in the Scarborough Joint Venture comprises the purchase price, reimbursed expenditure and escalation.[2]



Woodside CEO Meg O'Neill welcomed completion of the sale.



"LNG Japan's commitment to the Scarborough Joint Venture is a demonstration of the value our customers place on gas as a long-term source of energy as they navigate the energy transition. Completion of the sale to LNG Japan is a significant milestone as we progress toward first LNG cargo from Scarborough targeted in 2026.



"We are also pleased to welcome Japan Organization for Metals and Energy Security's equity investment in LJ Scarborough Pty Ltd. JOGMEC's support reflects the contribution Scarborough gas will make to Japan's energy security."



Woodside holds a 90% interest in the Scarborough Joint Venture and will remain as operator. Following completion of the transaction with JERA announced on 23 February 2024, Woodside's interest will be 74.9% in the Scarborough Joint Venture.[3]



As a result of completion of the sale, applying estimates effective as at 26 March 2024, Woodside's Scarborough field proved (1P) undeveloped reserves reduced by 128.7 MMboe to 1,158.3 MMboe (Woodside share).[4] Proved plus probable (2P) undeveloped reserves reduced by 201.1 MMboe to 1,809.7 MMboe (Woodside share).[5] Woodside's Scarborough field Best Estimate (2C) contingent resources reduced by 2.2 MMboe to 20.2 MMboe (Woodside share).[6],[7]



The attached notes on petroleum reserves and resource estimates form part of this announcement.
Posted at 06/3/2024 19:27 by kiwi2007
Weakening oil and gas prices hit Woodside's profits, but it still turned around an 80% pay out ratio for dividends......

....Would you Buy, Hold or Sell the stock on the back of this result?
Rating: HOLD

The dividend yield is supporting the share price where it is.......
Posted at 16/11/2023 12:44 by anhar
That's interesting Gary, that they took the trouble to give such a detailed response.

I continue to hold my WDS allocation that I received from the BHP distribution. It does make me a little overweight in oil and gas as I also hold BP. and SHEL which have been in my income port for many years. Despite that I have no intention at present of selling any of my WDS shares.
Posted at 16/11/2023 00:47 by garycook
Investor Relations

From:
fnc453@woodside.com



Wed, 15 Nov at 11:30

Hi Gary,



Thanks for your email. On slide 25 (Investor Briefing Day 2023 presentation), pricing between this year and last year’s free cash flow has changed. Last year, one scenario was shown which was based on the Brent oil forward price curve (as at 16 November 2022) of $89/bbl in 2023, $82/bbl in 2024, $77/bbl in 2025, $75/bbl in 2026 followed by a long term $70/bbl (real terms 2022) from 2027. On slide 25 of this year’s presentation, three price scenarios (US$50, $70 and $90) were shown. The $70 scenario, from 2024 was based on a US$70/bbl Brent long-term oil price (2022 real terms) with a long term inflation rate of 2.0%.



In addition to the pricing changes, the free cash flow in this year’s Investor Briefing Day presentation included Trion capital expenditure, following the final investment decision in June 2023 and the update to cost and schedule for Sangomar which was announced in July.



In relation to slide 26, Woodside’s dividend policy is to pay a minimum of 50% of net profit after tax (NPAT) excluding non-recurring items, with a target payout ratio of between 50% and 80%. The intent of slide 26 is to demonstrate Woodside’s cash generation at a US$50 and US$70 scenario and highlight that in the light blue shading area, there is capacity available for additional investment, financing or returns to shareholders.



Kind regards

Investor Relations



Woodside Energy

Mia Yellagonga

Karlak, 11 Mount Street

Perth WA 6000

Australia

E:

investor@woodside.com

www.woodside.com
Posted at 19/10/2023 03:58 by kiwi2007
Event analysis
Woodside: Heartening Progress on Development Projects

Our AUD 45 fair value estimate for no-moat Woodside stands. The global top 10 independent hydrocarbon producers reported lower-than-expected third-quarter production and price achievement though we read no long-term implication from the fact. Rather we are heartened by reported progress on development projects.

Shenzi North in the United States achieved its first production in September 2023, ahead of the 2024 target, and the Scarborough/Pluto Train 2 LNG project in Western Australia was 46% complete at the end of the period, versus 38% at the end of June 2023. The Sangomar project in Senegal is 90% finished, while the Trion field development plan has been approved by the Mexican regulator. Progress reinforces confidence in our projection for Woodside to increase group production by around 20% to around 225 million barrels of oil equivalent by 2027. Scarborough/Pluto Train 2 is the most important element in that target, adding over 35mmboe, scheduled for first production in 2026.

A strong operating result from Pluto LNG helped Woodside deliver an 8% increase in third-quarter production to 47.8mmboe, following the completion of maintenance activities. While up, this was still about 5% below our expectations, and offset by a 5% decline in average price achievement to USD 60.20 per boe. We consequently reduce our 2023 EPS and DPS forecasts by 11% and 8% to AUD 2.34 and AUD 1.95, respectively. The dividend equates to a handy 5.3% fully franked yield at the current share price. Woodside narrowed 2023 production guidance to 183-188mmboe from 180-190mmboe. Our new target is 186mmboe, down from the high end of prior guidance.

Woodside shares are more than double AUD 17.50 October 2020 lows, but at around AUD 37 remain materially undervalued in 4-star territory. Cost-effective delivery of Scarborough/Pluto T2 is a key catalyst for price appreciation.
Woodside Energy share price data is direct from the London Stock Exchange

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