WPL.AX - Woodside Petroleum Ltd

ASX - ASX Delayed Price. Currency in AUD
32.62
+0.33 (+1.02%)
At close: 4:10PM AEST
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Previous Close32.29
Open32.50
Bid32.60 x 0
Ask30.01 x 0
Day's Range32.42 - 32.76
52 Week Range29.33 - 39.38
Volume1,539,809
Avg. Volume3,048,623
Market Cap30.326B
Beta (3Y Monthly)1.39
PE Ratio (TTM)24.56
EPS (TTM)1.33
Earnings DateFeb 11, 2019 - Feb 15, 2019
Forward Dividend & Yield1.80 (5.72%)
Ex-Dividend Date2019-08-26
1y Target Est27.09
  • Thomson Reuters StreetEvents

    Edited Transcript of WPL.AX earnings conference call or presentation 14-Aug-19 11:30pm GMT

    Half Year 2019 Woodside Petroleum Ltd Earnings Call

  • Reuters

    UPDATE 2-Western Gas seeks partner for Equus LNG project off Western Australia

    Privately owned Western Gas said it has appointed Goldman Sachs to advise on finding a partner for its Equus gas project off Western Australia, as it aims to start producing from the $3.5 billion project in 2024. Western Gas wants to develop the field using a 2 million tonnes a year (mtpa) floating liquefied natural gas (LNG) facility, rather than feeding into larger existing facilities as contemplated by the field's previous owner, Hess Corp. "Equus is at the right stage of development where the introduction of an experienced and financially capable partner can help progress the project to first gas and realise the value of the greater Equus area," Western Gas Executive Director Andrew Leibovitch said in a statement on Tuesday.

  • Reuters

    Large Aramco IPO to hit rival energy firms - Woodside CEO

    A large share sale of Saudi oil giant Aramco will suck out capital from rival energy firms as investors will reallocate funds within their shrinking pot for fossil fuel stocks, according to the chief executive of Australia's Woodside. Peter Coleman said the challenges of Aramco's initial public offering were becoming an important discussion topic among investment bankers as the kingdom has revived its idea of raising up to $100 billion via a share listing of its energy giant. Is it a U.S. treasury bond or a mid-cap (oil and gas) player in the United States?" Coleman, who heads Australia's largest independent oil and gas firm, said in an interview with Reuters on the sidelines of the World Energy Congress in Abu Dhabi.

  • Reuters

    UPDATE 1-Woodside seeks buyers for gas assets in Australia, Canada

    Australian oil and gas producer Woodside is seeking to reduce its stakes in the Scarborough gas field at home and in Canada's Kitimat liquefied natural gas (LNG) project to cut its capital exposure, its chief executive told Reuters on Tuesday. The comments by CEO Peter Coleman came after speculation Saudi Aramco could be interested in Scarborough, a gas resource that, once developed, would feed into and expand Woodside's Pluto LNG production and export facility. Woodside holds a 75% stake in the Scarborough gas field and 50% of the Kitimat project in Canada, which is operated by Chevron.

  • Woodside seeks buyers for gas assets in Australia, Canada
    Reuters

    Woodside seeks buyers for gas assets in Australia, Canada

    Australian oil and gas producer Woodside is seeking to reduce its stakes in the Scarborough gas field at home and in Canada's Kitimat liquefied natural gas (LNG) project to cut its capital exposure, its chief executive told Reuters on Tuesday. The comments by CEO Peter Coleman came after speculation Saudi Aramco could be interested in Scarborough, a gas resource that, once developed, would feed into and expand Woodside's Pluto LNG production and export facility. Woodside holds a 75% stake in the Scarborough gas field and 50% of the Kitimat project in Canada, which is operated by Chevron .

  • Should You Be Worried About Woodside Petroleum Ltd's (ASX:WPL) 7.3% Return On Equity?
    Simply Wall St.

    Should You Be Worried About Woodside Petroleum Ltd's (ASX:WPL) 7.3% Return On Equity?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • This Tiny Nation Should Beware China's Belt and Road
    Bloomberg

    This Tiny Nation Should Beware China's Belt and Road

    (Bloomberg Opinion) -- Given a sad history of exploitation by foreigners, the young democracy of Timor-Leste can hardly be blamed for being hell-bent on self-sufficiency. But its current drive to cement its independence risks squandering the faltering progress the country has made. If the government doesn’t tread carefully, a future of debt peonage to China beckons.Friday marks the 20th anniversary of the final dark episode in Timor-Leste’s 24-year occupation by Indonesia, which killed about 100,000 Timorese and came after centuries of colonial neglect by Portugal. On Aug. 30, 1999, a referendum delivered an overwhelming majority in favor of independence for the half-island also known as East Timor, but unleashed a wave of retaliation from Indonesian forces and militias that left more than 1,400 dead and destroyed public infrastructure.Australia, the most forthright defender of Timor-Leste in that period, turned around to betray its new neighbor five years later. During negotiations over how to divide the oil and gas reserves along the undersea boundary between the two nations, Canberra used the cover of a foreign aid project to install listening devices in the office of Timor-Leste’s prime minister and eavesdropped on negotiating tactics, thus winning a larger share of resources for itself.Timor-Leste has nonetheless managed to pick itself up. Gross domestic product per capita more than tripled in the first decade after formal independence in 2002, before slumping with oil prices in the years since. Infant mortality rates have been cut nearly in half, while secondary school enrollment has roughly doubled.More to the point, the nation’s mineral wealth has been managed with more foresight than is normally the case with poor, newly independent states.The country’s Petroleum Fund has assets of around $15.8 billion, equivalent to more than eight years’ worth of non-petroleum GDP. Relative to the size of the economy, that’s larger than the sovereign wealth funds of Saudi Arabia, Kuwait or Norway. Drawing on fund surpluses to finance budget deficits has left Timor-Leste with minimal levels of public debt. In terms of corruption, the country scores around the same levels as Brazil, Thailand and Colombia, and ahead of Vietnam – not a terrible result, given the circumstances.It’s not all so positive. Half of employment is in agriculture, mostly at subsistence levels, and the country struggles to feed itself. Levels of undernourishment have declined only slightly and remain among the world’s highest.Worse lies ahead. The Bayu-Undan offshore gasfield which has provided Timor-Leste’s petroleum wealth for the past few decades will run out by 2023. The Petroleum Fund will be exhausted a few years later, according to one 2014 study. Further revenues will depend on developing the nearby Greater Sunrise field – and there the problems of self-sufficiency become most apparent.Bayu-Undan’s gas was brought ashore in the Australian city of Darwin, but Timor-Leste’s government is determined that Greater Sunrise product will be processed at home as the heart of a major new industrial zone, known as Tasi Mane. For all the powerful nation-building symbolism and potential revenue from such a plant, Tasi Mane may never be viable – especially given the collapse in gas prices and extreme difficulty around the world in financing major new projects. Building a whole new facility on Timor-Leste’s coast will cost around $12 billion, according to a 2016 report, even making the dubious assumption that it’s physically possible to build a pipeline through the seismically unstable Timor Trough to get there. A far better option would be to hook into the ready-made export terminal in Darwin or use a floating LNG plant instead – but those have been ruled out by Timor-Leste’s government.“The Timorese leadership has thrown all their economic eggs in this one basket because it has limited other options,” said Bec Strating, an expert on the country at Melbourne’s La Trobe University, “but I’ve never met an oil or gas expert who thinks this is a workable project.”The original commercial partners in Greater Sunrise are voting with their feet. Timor-Leste spent $650 million over the past year buying ConocoPhillips and Royal Dutch Shell Plc out of the venture, leaving only Woodside Petroleum Ltd. and Osaka Gas Co. The former has been adamant it won’t put significant amounts into developing Tasi Mane. With commercial finance steering clear, the most likely option increasingly looks like China’s Belt and Road Initiative. National oil company Timor Gap earlier this year signed a $943 million construction contract with a unit of state-owned China Railway Construction Corp. Countries in the region “go where they can to obtain either grants or soft loans,” former Timorese President Jose Ramos-Horta said in an interview with SBS News last year. “And that, today, is China.”Such a prospect risks a tragic waste of Timor-Leste’s potential. The Belt and Road is already notorious for building costly bridges to nowhere that leave governments with little to show beyond hefty interest bills. China’s growing presence in the Indo-Pacific via the Belt and Road has raised concerns that military and strategic aims, rather than purely commercial logic, underlie many of the projects. A $500 million highway built for Tasi Mane by a Chinese consortium in recent years and a $120 million airport are looking like white elephants.Gas-export plants are in any case too narrow a base for a national economy, with just 350 local employees at the ConocoPhillips terminal in Darwin. More likely, the orgy of contracts that a multi-billion-dollar infrastructure project would kick off will offer a potent temptation for the sort of public corruption that Timor-Leste has so far mostly been spared. It’s understandable that this young country feels betrayed by its neighbors. Entering a new abusive relationship with Beijing isn’t likely to be the right way to secure its future.To contact the author of this story: David Fickling at dfickling@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Reuters

    New treasurer for Papua New Guinea in cabinet reshuffle

    The prime minister of Papua New Guinea replaced his treasurer in a surprise cabinet reshuffle on Tuesday that brought seven opposition members into government, while neighbouring Nauru declared Lionel Aingimea its president. The Papua New Guinea opposition's Ian Ling-Stuckey was sworn in as treasurer, Prime Minister James Marape said, replacing Sam Basil.

  • Why You Should Leave Woodside Petroleum Ltd (ASX:WPL)'s Upcoming Dividend On The Shelf
    Simply Wall St.

    Why You Should Leave Woodside Petroleum Ltd (ASX:WPL)'s Upcoming Dividend On The Shelf

    Readers hoping to buy Woodside Petroleum Ltd (ASX:WPL) for its dividend will need to make their move shortly, as the...

  • Woodside Petroleum Ltd (ASX:WPL): Will The Growth Last?
    Simply Wall St.

    Woodside Petroleum Ltd (ASX:WPL): Will The Growth Last?

    Looking at Woodside Petroleum Ltd's (ASX:WPL) earnings update on 30 June 2019, analysts seem cautiously optimistic...

  • Have Insiders Been Selling Woodside Petroleum Ltd (ASX:WPL) Shares?
    Simply Wall St.

    Have Insiders Been Selling Woodside Petroleum Ltd (ASX:WPL) Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

  • Reuters

    UPDATE 1-Australia's FAR Ltd sees ruling on SNE arbitration by 2019 end

    Australian oil and gas explorer FAR Ltd on Wednesday said that a tribunal ruling is expected by the end of 2019 for its arbitration with Woodside Petroleum Ltd over the latter's stake in the SNE oil project off Senegal. FAR is currently in arbitration over the sale by ConocoPhillips of a 35 percent interest in the SNE project to Woodside for $350 million in 2016. FAR had contended that it should have had pre-emptive rights over the ConocoPhillips stake, which was sold for what it considered a cheap price.

  • Why We Think Woodside Petroleum Ltd (ASX:WPL) Could Be Worth Looking At
    Simply Wall St.

    Why We Think Woodside Petroleum Ltd (ASX:WPL) Could Be Worth Looking At

    I've been keeping an eye on Woodside Petroleum Ltd (ASX:WPL) because I'm attracted to its fundamentals. Looking at the...

  • Reuters

    China's ENN wins LNG trailer transport permit for Zhoushan bridge

    Chinese privately owned gas distributor and terminal operator ENN Group said on Monday it has won a permit to transport liquefied natural gas (LNG) carried by trucks over a large bridge in eastern China to reach more customers in the region. ENN is the owner of China's first major independent LNG terminal. The $848 million import facility located on Zhoushan Island in eastern China's Zhejiang province is currently under utilized as a pipeline linking the terminal to customers has not been built even though it started operations 10 months ago.

  • Can You Imagine How Woodside Petroleum's (ASX:WPL) Shareholders Feel About The 36% Share Price Increase?
    Simply Wall St.

    Can You Imagine How Woodside Petroleum's (ASX:WPL) Shareholders Feel About The 36% Share Price Increase?

    By buying an index fund, investors can approximate the average market return. But if you buy good businesses at...

  • Is Woodside Petroleum Ltd's (ASX:WPL) CEO Paid Enough Relative To Peers?
    Simply Wall St.

    Is Woodside Petroleum Ltd's (ASX:WPL) CEO Paid Enough Relative To Peers?

    Peter Coleman became the CEO of Woodside Petroleum Ltd (ASX:WPL) in 2011. First, this article will compare CEO...

  • Thomson Reuters StreetEvents

    Edited Transcript of WPL.AX earnings conference call or presentation 13-Feb-19 11:30pm GMT

    Full Year 2018 Woodside Petroleum Ltd Earnings Call

  • Is Woodside Petroleum Ltd (ASX:WPL) A Strong Dividend Stock?
    Simply Wall St.

    Is Woodside Petroleum Ltd (ASX:WPL) A Strong Dividend Stock?

    Could Woodside Petroleum Ltd (ASX:WPL) be an attractive dividend share to own for the long haul? Investors are often...

  • Does Woodside Petroleum Ltd’s (ASX:WPL) ROCE Reflect Well On The Business?
    Simply Wall St.

    Does Woodside Petroleum Ltd’s (ASX:WPL) ROCE Reflect Well On The Business?

    Today we'll evaluate Woodside Petroleum Ltd (ASX:WPL) to determine whether it could have potential as an investment...

  • Here's Why I Think Woodside Petroleum (ASX:WPL) Is An Interesting Stock
    Simply Wall St.

    Here's Why I Think Woodside Petroleum (ASX:WPL) Is An Interesting Stock

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...

  • Moody's

    Woodside Finance Limited -- Moody's announces completion of a periodic review of ratings of Woodside Petroleum Ltd

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Woodside Petroleum Ltd and other ratings that are associated with the same analytical unit. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Should You Be Tempted To Sell Woodside Petroleum Ltd (ASX:WPL) Because Of Its P/E Ratio?
    Simply Wall St.

    Should You Be Tempted To Sell Woodside Petroleum Ltd (ASX:WPL) Because Of Its P/E Ratio?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today, we'll introduce the concept of the P/E ratio for those who are learning about investing...