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Woodside Energy Group ( (AU:WDS) ) has issued an announcement.
Woodside Energy Group reported a 1% increase in quarterly production, reaching 50.8 million barrels of oil equivalent, with significant contributions from the Sangomar and Pluto LNG projects. The company is advancing its major projects, with the Scarborough Energy Project 91% complete and the Beaumont New Ammonia Project 97% complete. Woodside received final environmental approval for the North West Shelf Project Extension, ensuring continued operations beyond 2030, and agreed to assume operatorship of the Bass Strait assets, enhancing its Australian portfolio. The company also secured long-term LNG supply agreements with PETRONAS and BOTAŞ, reflecting robust demand for its products.
The most recent analyst rating on (AU:WDS) stock is a Hold with a A$22.50 price target. To see the full list of analyst forecasts on Woodside Energy Group stock, see the AU:WDS Stock Forecast page.
More about Woodside Energy Group
Woodside Energy Group is a prominent player in the energy sector, focusing on the production and supply of oil, gas, and LNG. The company is involved in several major projects, including the Scarborough Energy Project and the Beaumont New Ammonia Project, and has a strong market presence in Australia and internationally.
Average Trading Volume: 4,440,040
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$42.27B
For an in-depth examination of WDS stock, go to TipRanks’ Overview page.