Woodside Energy (WDS)

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Woodside Energy (WDS) - 2023 Q2 - Earnings Call Transcript
2023-08-22 17:39
Financial Data and Key Metrics Changes - The company reported a record first half net profit after tax of $1.7 billion, reflecting a 6% increase compared to the previous year [4][25]. - Operating revenue reached $7.4 billion, with a record first half EBITDA of $4.9 billion [6][25]. - Earnings per share decreased to $0.92, primarily due to lower realized prices [26]. - The balance sheet remains strong with liquidity of $7.5 billion, allowing for significant investments [25][35]. Business Line Data and Key Metrics Changes - The company produced 91.3 million barrels of oil equivalent, achieving a reliability rate of 97.7% at operated LNG facilities [6][10]. - The average portfolio price realized was $74 per barrel of oil equivalent, indicating strong demand despite lower prices compared to 2022 [6][14]. - The company is progressing major projects, including Sangomar and Scarborough, with Scarborough now 38% complete [16][17]. Market Data and Key Metrics Changes - Global oil and gas prices have stabilized after record highs in 2022, impacting revenue but reflecting ongoing strong demand for LNG [13][15]. - Analysts forecast continued growth in global LNG demand, particularly from developing markets in Asia [15]. Company Strategy and Development Direction - The company aims to maintain a disciplined approach to capital management while investing in growth projects [5][27]. - The strategic focus includes sustainability and decarbonization efforts, with targets set for emissions reduction by 2025 [8][19]. - The company is exploring new energy opportunities, including hydrogen production and carbon capture and storage [19][22]. Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the regulatory environment and ongoing discussions with NOPSEMA for project approvals [46]. - The company is focused on maintaining operational safety and reliability amid ongoing industrial negotiations [57][68]. - Future growth is anticipated in the hydrogen market, with confidence in profitable investments in new energy projects [74][88]. Other Important Information - The company paid a record AUD 3.7 billion in Australian tax and royalties, reflecting strong business performance [8][36]. - The interim dividend of USD 0.80 per share represents a payout of 80% of underlying profits, with a yield of 6.9% [5][12]. Q&A Session Summary Question: Cash flow and tax payments - The CFO clarified that higher cash taxes were due to increased profits in a higher price environment, with no structural changes in the business [43]. Question: Scarborough project timeline - Management provided updates on environmental approvals and expressed cautious optimism regarding the timeline for drilling and installation [45][46]. Question: LNG marketing activities - The company is engaged in discussions with multiple Asian counterparties for LNG offtake, emphasizing the importance of Australian LNG for energy security [50][52]. Question: CCS project costs - Management differentiated between CCS projects for new developments and those offered as a service, indicating that costs are still being assessed [54]. Question: Industrial action risks - Management acknowledged the potential impact of industrial action on production but emphasized constructive engagement with employees [66][68]. Question: Future growth and investment opportunities - Management highlighted a robust portfolio of future investments, including gas and new energy projects, while emphasizing the importance of timing and regulatory approvals [63][64].
Woodside Energy (WDS) - 2023 Q2 - Quarterly Report
2023-06-30 10:06
Announcement Woodside Energy Group Ltd ACN 004 898 962 Mia Yellagonga 11 Mount Street Perth WA 6000 Australia T +61 8 9348 4000 www.woodside.com ASX: WDS NYSE: WDS LSE: WDS Friday, 30 June 2023 REPORT ON PAYMENTS TO GOVERNMENTS 2022 Woodside has released its report on payments to governments for the year ended 31 December 2022. The report has been prepared in accordance with the requirements of the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules (DTR) set out in DTR 4.3A. Contact ...
Woodside Energy (WDS) - 2022 Q4 - Earnings Call Transcript
2023-02-27 15:13
Woodside Energy Group Ltd (NYSE:WDS) Q4 2022 Results Conference Call February 26, 2023 6:00 PM ET Company Participants Meg O’Neill - Chief Executive Officer and Managing Director Graham Tiver - Executive VP & CFO Conference Call Participants Tom Allen - UBS Mark Samter - MST Marquee James Byrne - Citi James Redfern - Bank of America Dale Koenders - Barrenjoey Saul Kavonic - Credit Suisse Mark Wiseman - Macquarie Group Nik Burns - Jarden Australia Meg O’Neill Good morning everyone, and thank you for joining ...
Woodside Energy (WDS) - 2022 Q4 - Annual Report
2023-02-27 11:21
Exhibit 99.1 2022 ANNUAL REPORT INCORPORATING APPENDIX 4E Annual Report 2022 This Annual Report 2022 is a summary of Woodside's operations and activities for the 12-month period ended 31 December 2022 and financial position as at 31 December 2022. Woodside Energy Group Ltd (ABN 55 004 898 962) is the ultimate holding company of the Woodside group of companies. In this report, unless otherwise stated, references to "Woodside", the 'Group'. the 'company', 'we', 'us' and 'our' refer to Woodside Energy Group Lt ...
Woodside Energy (WDS) - 2022 Q4 - Annual Report
2023-02-27 11:10
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F (Mark one) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECT ...
Woodside Energy (WDS) - 2022 Q2 - Quarterly Report
2022-08-30 10:31
Woodside Energy Group Ltd ACN 004 898 962 Mia Yellagonga 11 Mount Street Perth WA 6000 Australia T +61 8 9348 4000 www.woodside.com ASX: WDS NYSE: WDS LSE: WDS Announcement Tuesday, 30 August 2022 HALF-YEAR REPORT FOR PERIOD ENDED 30 JUNE 2022 Financial highlights for H1 2022 Operational highlights Business highlights Woodside Energy Group Ltd | Half-Year Report 2022 1 Exhibit 99.1 • Net profit after tax of US$1,640 million • Underlying net profit after tax of US$1,819 million • Positive free cash flow of U ...
Woodside Energy (WDS) - 2022 Q2 - Earnings Call Presentation
2022-08-30 06:08
| --- | --- | |------------------------------------------------|-------| | | | | | | | | | | Woodside Energy Group Ltd ACN 004 898 962 | | | Mia Yellagonga | | | 11 Mount Street | | | Perth WA 6000 | | | Australia T +61 8 9348 4000 www.woodside.com | | | ASX: WDS | | | NYSE: WDS | | | LSE: WDS | | Announcement Tuesday, 30 August 2022 HALF-YEAR 2022 RESULTS TELECONFERENCE AND PRESENTATION A teleconference providing an overview of the half-year 2022 results and a question-and-answer session will be hosted by ...
Woodside Energy (WDS) - 2022 Q2 - Earnings Call Transcript
2022-08-30 06:08
Woodside Energy Group Ltd (NYSE:WDS) Q2 2022 Earnings Conference Call August 29, 2022 7:30 PM ET Company Participants Meg OÂ'Neill - Chief Executive Officer and Managing Director Graham Tiver - Chief Financial Officer Conference Call Participants Tom Allen - UBS Mark Samter - MST Dale Koenders - Barrenjoey Gordon Ramsay - RBC Capital Markets Mark Wiseman - Macquarie Nik Burns - Jarden Australia James Redfern - Bank of America Saul Kavonic - Credit Suisse Daniel Butcher - CLSA Operator Thank you for standing ...
Woodside Energy (WDS) - 2019 Q4 - Earnings Call Transcript
2020-02-13 17:50
Woodside Petroleum Ltd (OTC:WOPEF) Q4 2019 Earnings Conference Call February 12, 2020 6:30 PM ET Company Participants Peter Coleman - Managing Director and Chief Executive Officer Sherry Duhe - Chief Financial Officer Conference Call Participants Saul Kavonic - Credit Suisse Mark Samter - MST James Byrne - Citi Adam Martin - Morgan Stanley Joseph Wong - UBS James Redfern - Bank of America Ben Wilson - Royal Bank of Canada Tom Prendiville - CLSA Peter Coleman Good morning, everyone and thanks for joining us. ...
Woodside Petroleum (WOPEF) Investor Presentation - Slideshow
2019-11-20 19:51
ASX Announcement MEDIA Damien Gare W: +61 8 9348 4421 M: +61 417 111 697 E: investor@woodside.com.au Christine Forster M: +61 484 112 469 E: christine.forster@woodside.com.au Tuesday, 19 November 2019 ASX: WPL OTC: WOPEY Woodside Petroleum Ltd. ACN 004 898 962 Mia Yellagonga 11 Mount Street Perth WA 6000 Australia T +61 8 9348 4000 www.woodside.com.au INVESTOR BRIEFING DAY 2019 The timing is right for Woodside to implement plans to triple its reserves and work is underway to deliver this, CEO Peter Coleman ...