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Woodside Energy Group Ltd (ASX:WDS)
ALERT: Price-sensitive ASX Announcement for WDS
Current share price for WDS : $32.270 8.89 (38.02%)+
Announcement
Release
25 Feb 2025 9:00AM
Price at Release
$23.380
Full Release
Summary
The 2024 Annual Report for Woodside Energy Group Ltd highlights a strong operational performance with a net profit after tax of $3,573 million, which is a significant increase from the previous year. The report details advancements in key projects such as the Scarborough and Pluto Train 2, which are expected to bring LNG cargoes by 2026, alongside important acquisitions like the Louisiana LNG and Beaumont New Ammonia Project. Woodside maintained high reliability rates across its LNG operations and successfully managed costs amid inflationary pressures. The company also reinforced its commitment to sustainability, achieving a notable reduction in greenhouse gas emissions.
Key Points
- Net profit after tax increased to $3,573 million.
- Scarborough and Pluto Train 2 projects are progressing well.
- Acquired Louisiana LNG and Beaumont New Ammonia Project.
- Achieved record production of 194 million barrels of oil equivalent.
- Maintained high reliability rates in LNG operations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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