MARKETS SPECTATOR: Woodside gas trap

Analysts are putting the acid on Woodside because while it's generating solid returns and may soon be debt free, its growth prospects are limited.

Whither Woodside? The oil and gas producer’s 63 US cents per share special dividend to shareholders is a total payout of $500 million. Some analysts were expecting more, as much as $1 billion. The dividend may not be able to gloss over questions about the company’s production and exploration success in Australia and its foreign initiatives. Double-digit declines quarter on quarter in production, sales and revenue have analysts questioning Woodside’s operational efficiency compared with peers. Analysts are also beginning to mutter darkly about Woodside’s exploration unit, particularly in Western Australia’s northwest shelf. Woodside’s rivals Chevron and Hess have been more successful in the discovery of new gas fields, some quite significant.  



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles