What the Shell sell-down means for Woodside

Shell's long-awaited sale of its stake in Woodside Petroleum removes overhang from the market and will provide Woodside with a way to use its excess balance sheet capacity and leverage returns to shareholders.

Today was a good day for Woodside Petroleum’s Peter Coleman and his chairman Michael Chaney, who have just solved two problems in one $6 billion hit.

Well, actually it’s two hits: a $2.86bn buy-back of 9.5 per cent of Woodside’s capital in tandem with Shell’s sell-down to institutions of another 9.5 per cent that will raise another $3.23bn for the oil and gas major.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've 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 activate your membership

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 unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

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