Woodside has tripled its full-year revenue and elevated its return to shareholders on the again of hovering vitality demand and the acquisition of BHP’s oil property.
The Perth-based oil and gasoline big on Monday introduced underlying web revenue of $US5.2 billion ($A7.7 billion) within the 2022 calendar yr, up 223 per cent from the earlier yr.
Shareholders will obtain a ultimate dividend of $US1.44 ($A2.14) per share.
Woodside chief government Meg O’Neill mentioned the corporate had delivered distinctive outcomes and executed a profitable merger with BHP’s petroleum business which drove elevated manufacturing and gross sales.
The world vitality disaster fuelled increased commodity costs, with the corporate’s realised value rising 63 per cent to $US98 ($A146) per barrel of oil equal.
“Woodside is now a larger, geographically diverse energy company with the financial and operational strength to grow our portfolio of high-quality assets while continuing to deliver returns to shareholders,” Ms O’Neill mentioned.
“In what was a momentous year for Woodside we achieved the goals we set ourselves ahead of the merger, implementing initiatives to deliver the targeted $400 million in synergies ahead of our original schedule.”
Ms O’Neill mentioned the big Scarborough LNG challenge, which is the topic of two court docket challenges launched by environmental teams, was 25 per cent full, on funds and concentrating on first manufacturing in 2026.
Activist group Market Forces mentioned Woodside continued to advertise a method that “undermined climate action by paying big executive bonuses for increasing oil and gas production”.
Woodside’s shares have been buying and selling 1.5 per cent increased at $35.13 simply earlier than 11am AEDT.
Source: www.perthnow.com.au
