|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||31.90 - 32.33|
|52 Week Range||27.79 - 34.52|
|PE Ratio (TTM)||26.41|
|Earnings Date||Feb 20, 2018 - Feb 26, 2018|
|Forward Dividend & Yield||1.76 (5.82%)|
|1y Target Est||25.16|
Australia's Woodside Petroleum said on Wednesday first quarter revenue rose 30 percent from a year earlier on increased output and higher liquefied natural gas (LNG) prices. The country's largest independent oil and gas producer said revenue rose to $1.17 billion for the quarter ended March 31, compared with $902.4 million a year ago. "Output from Wheatstone underpinned an increase in LNG production in the first three months of this year," said Woodside CEO Peter Coleman.
The most recent earnings release Woodside Petroleum Ltd’s (ASX:WPL) announced in December 2017 signalled that the company benefited from a robust tailwind, leading to a double-digit earnings growth of 17.97%.Read More...
Woodside Petroleum Ltd (ASX:WPL) received a lot of attention from a substantial price movement on the ASX in the over the last few months, increasing to A$34.65 at one point,Read More...
The cyclicality of the energy industry makes it hard for income investors to find high yielding stocks. However, after the 50% plunge in oil prices in 2014, energy companies areRead More...
Oil and gas producer Woodside Petroleum said on Monday BHP Billiton has agreed to the sale of ExxonMobil Corp's 50 percent interest in Scarborough, making it the operator of the remote, deepwater gas field ...
In December 2017, Woodside Petroleum Ltd (ASX:WPL) announced its latest earnings update. Overall, analysts seem fairly confident, as a 29.05% increase in profits is expected in the upcoming year, relativeRead More...
SINGAPORE/MELBOURNE (Reuters) - East Timor and Australia this week signed a treaty at the United Nations setting their maritime boundary for the first time, and striking a deal on sharing an estimated $65 billion (46.8 billion pounds) in potential revenues from the Greater Sunrise gas fields in the Timor Sea. For impoverished East Timor, with a population of just 1.3 million, development of the fields is crucial -- its main source of revenue since 2004, the Bayu Undan gas field, is set to run out of gas by 2022. The treaty signing in New York on Tuesday marked the first conciliation under the United Nations Convention on the Law of the Sea (UNCLOS) — a process UN Secretary‑General António Guterres said could offer other countries a path towards resolving contentious maritime boundary disputes.
SINGAPORE/MELBOURNE, March 7 (Reuters) - East Timor and Australia this week signed a treaty at the United Nations setting their maritime boundary for the first time, and striking a deal on sharing an estimated $65 billion in potential revenues from the Greater Sunrise gas fields in the Timor Sea. For impoverished East Timor, with a population of just 1.3 million, development of the fields is crucial -- its main source of revenue since 2004, the Bayu Undan gas field, is set to run out of gas by 2022. The treaty signing in New York on Tuesday marked the first conciliation under the United Nations Convention on the Law of the Sea (UNCLOS) — a process UN Secretary-General António Guterres said could offer other countries a path towards resolving contentious maritime boundary disputes.
Woodside Petroleum and its partners said they were disappointed that Australia and East Timor had failed to settle on a development plan for the Greater Sunrise gas fields between the two countries as part of the process ending a long-running maritime border dispute on Wednesday. "It is disappointing that this process has not resulted in an alignment on a development concept," a spokeswoman for the Sunrise Joint Venture said in a statement. Woodside is operator of the Sunrise joint venture, co-owned by Royal Dutch Shell, ConocoPhillips and Osaka Gas, which had shelved plans for developing the Greater Sunrise gas fields between East Timor and Australia due to the two nations' border dispute.
East Timor and Australia signed a treaty at the United Nations in New York on Tuesday to resolve a long-running dispute over their maritime border and struck a deal on how to share revenue from the offshore Greater Sunrise gas field. East Timor will receive a bigger share of the revenue than Australia depending on the development concept - 70 percent of the revenue if the gas is piped to the tiny country or 80 percent if the gas is piped to Australia for processing.
The Australian competition regulator on Friday said it would allow Chevron, INPEX, Shell, and Woodside Petroleum to coordinate maintenance activities at their liquefied natural gas (LNG) facilities in Western Australia and the Northern Territory. "LNG producers can now schedule maintenance together without risking breaching competition laws, reducing concurrent work at their facilities," Australian Competition and Consumer Commission (ACCC) Chairman Rod Sims said in a statement.
East Timor and Australia have reached an agreement for a treaty on their disputed maritime border and on a "pathway" to develop the giant Greater Sunrise offshore gas fields, the Permanent Court of Arbitration said on Monday. Under the agreement, the share of revenue from the offshore gas field will differ depending on downstream benefits that arise from "different development concepts", the statement said following talks in Kuala Lumpur. The agreement would establish a maritime boundary in the Timor Sea for the first time.
If you were looking for signs that the liquefied natural gas (LNG) merry-go-round is starting to spin a little faster, the announcement of a planned massive expansion in Papua New Guinea is ample evidence. Global majors Exxon Mobil and Total are considering plans to double LNG exports from Papua New Guinea to about 16 million tonnes per annum, their partner Oil Search said on Feb. 20. If approved, three new trains would be added to the existing Exxon-operated PNG LNG facility, with natural gas from Total's fields supplying two of the units and the third using existing fields and a new Exxon development.
Moody's Investors Service has affirmed the Baa1 issuer rating of Woodside Petroleum Ltd, and the (P)Baa1 rating on the backed senior unsecured medium-term note (MTN) program and Baa1 backed senior unsecured ...
Woodside Petroleum, Australia's biggest independent gas and oil producer, launched a surprise A$2.5 billion ($1.96 billion) share sale on Wednesday to raise funds to take control of and develop a long-stranded gas field off the country's west coast. Woodside said on Wednesday it had agreed to pay $744 million for ExxonMobil Corp's 50-percent stake in the Scarborough field, a project that has been stuck on the drawing board for nearly 40 years due to factors including its remote, deepwater location.
Woodside Petroleum on Wednesday reported an 18 percent rise in annual profit and said it would acquire an additional 50 percent stake in the Scarborough gas field in Western Australia from Exxon Mobil Corp for $444 million. To fund its Scarborough expansion, Woodside said it would raise A$2.5 billion from shareholders. Australia's top oil and gas producer posted net profit of $1.02 billion for 2017, up from $868 million last year, helped by higher oil and gas prices, and cost cuts.
Australia’s Woodside Petroleum Ltd. finally got what it wanted from Exxon Mobil Corp. And it only cost $744 million.
SEOUL/SINGAPORE, Feb 12 (Reuters) - South Korea's state-run Korea Gas Corp (KOGAS) has gone into an arbitration with Australia's North West Shelf Gas to settle a liquefied natural gas (LNG) contract that ended in 2016, a company spokesman said on Monday. The KOGAS spokesman declined to give further details. Woodside Petroleum, the operator of the North West Shelf joint venture was not immediately available for comment.
Chevron Corp has sold the first condensate cargo to be exported from the Wheatstone LNG project in Australia to Thailand's PTT, three sources with knowledge of the matter said on Monday. The 650,000-barrel cargo will load in February and was likely done at a small discount to dated Brent, they said.
Woodside Petroleum Ltd (ASX:WPL) delivered a less impressive 7.26% ROE over the past year, compared to the 12.16% return generated by its industry. An investor may attribute an inferior ROERead More...
Woodside Petroleum expects to reveal plans for expanding its prized Pluto LNG project and connecting it to the North West Shelf LNG complex soon, its chief executive, Peter Coleman, said on Thursday. Talks with the owners of the Scarborough gas resource off Western Australia, led by ExxonMobil Corp, as well as drilling of an exploration well, Ferrand-A, around March, and other tie-ins could help underpin the expansion, Coleman told Reuters in an interview.
Woodside Petroleum said on Thursday it expects 2018 annual production to grow by up to 6.6 percent, while liquefied natural gas (LNG) prices in the first quarter should reflect higher oil prices from the final quarter of last year. "The fourth quarter was underscored by a strong operational performance at Pluto LNG and the first shipment from Wheatstone LNG," Woodside CEO Peter Coleman said in a statement. Woodside said in October that the Wheatstone project, which is run by Chevron Corp, is expected to contribute more than 13 mmboe to the company's annual output once fully operational.
Woodside Petroleum Ltd, Australia's largest independent oil and gas producer, said fourth-quarter sales revenue slipped 6.9 percent from a year earlier, as pipeline natural gas production in the North ...