0R15 7793.0 0.1028% 0R1E 7575.0 -1.8782% 0M69 None None% 0R2V 184.5 6.0345% 0QYR 1387.5 0.7991% 0QYP 405.5 -0.7344% 0LCV 141.03 0.952% 0RUK None None% 0RYA 1733.01 -1.0839% 0RIH 165.3 0.3643% 0RIH 165.3 0.3643% 0R1O 186.6 9945.7604% 0R1O None None% 0QFP None None% 0M2Z 299.0593 0.5664% 0VSO None None% 0R1I None None% 0QZI 450.5 2.7366% 0QZ0 220.0 0.0% 0NZF None None%

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Woodside (LSE: WDS) FY24 Outlook: Higher Oil Production, Major Project Advancements and other details

Image source: curraheeshutter | shutterstock

Highlights

Woodside Energy Group Ltd (LSE: WDS) is an Australian company listed on the London Stock Exchange. It specializes in petroleum exploration and production. With more than 65 years of experience, the company has led the development of the LNG industry in Australia. The company’s portfolio of projects is underpinned by project delivery capability that is focused on low-cost, safety, and lower-carbon solutions.

The global energy company reported 18.7% higher production in FY23 versus FY22. The production volume (187.2 MMboe) was at the top end of its guidance range of 183 MMboe – 188 MMboe. Further, the company bolstered its financial position through a merger with BHP Petroleum. By the year-end the company’s total available liquidity reached USD 7.8 bn, confirming the maintenance of investment-grade credit ratings.

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