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Business Description: Woodside Petroleum Limited (WPL) is the operator of oil and gas production in Australia. WPL has operations encompassing the production of liquefied natural gas, domestic gas, condensate, crude oil and liquefied petroleum gas. WPL has six business units including international, Australia, North West Shelf, Pluto, Browse and Sunrise. Currently, the production is obtained from North West Shelf and Australia Oil (Enfield, Vincent and Stybarrow).
Strategy Analysis: WPL explores, develops, produces and markets gas and oil from Australia, the Americas and Africa to customers across the globe. The company is committed to returning top-quartile and sustainable growth in shareholders' wealth, paying dividends and balancing growth through strategic focus in key regions of the world.
Woodside Petroleum reported NPAT down 8.1% to US$828m for the half-year ended 30 June 2011, largely due to the first-half being positively impacted by a gain on the sale of the Company's Otway assets and a lower income tax expense. Revenues from ordinary activities were $2.25bn, up 7.2% from the same period last year, largely due to higher commodity prices. Diluted EPS was 105 cents compared to 117 cents last year. Net operating cash flow was $1.39bn compared to $1.01bn last year. The interim dividend declared was 55 cents compared with 50 cents last year. Looking ahead, production volumes are expected to increase strongly following first Pluto LNG cargoes, which are now estimated to commence in March 2012.
The Age 7/02/2012 | ISRAEL'S Foreign Minister was headed for Washington overnight amid signs that the US and its Middle East ally hold diverging views on how best to resolve the standoff over Iran's disputed nuclear program.
Sydney Morning Herald 7/02/2012 | There will be fewer love hearts and boxes of chocolates this Valentine's Day for the short-lived chief executive of Perpetual Limited, Chris Ryan.
Sydney Morning Herald 7/02/2012 | HOTEL owners and operators are preparing for a busy year of openings and renovations as demand increases from domestic travellers.
The Age 6/02/2012 | AUSTRALIA has a reputation for embracing technological developments quickly. We had a record take-up of VHS, DVD and widescreen television, and it is widely claimed that the Land of Oz has more home theatres per head of population than anywhere else in the world.
Sun Herald 5/02/2012 | INVESTORS cheered during the week, perhaps convinced that the latest rearrangement of deckchairs on the good ship euro will do the trick and right the heavily listing vessel.
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