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

Tue 16 Apr 24, 04:49 PM |

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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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