Woodside Energy Secures Approval for North West Shelf Project Extension

Woodside Energy Group ( (AU:WDS) ) has shared an announcement.

Woodside Energy Group has welcomed the Federal Government’s proposed environmental approval for the North West Shelf Project Extension, a move that ensures the continuation of this critical infrastructure. The project, which has contributed over A$40 billion in royalties and taxes since 1984, supports thousands of jobs and has been pivotal in supplying energy to Western Australia and international customers. The proposed conditions include cultural heritage management and air quality measures, with Woodside committed to reducing emissions and engaging with Traditional Owners to protect cultural landscapes.

The most recent analyst rating on (AU:WDS) stock is a Hold with a A$28.00 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 Ltd is a prominent player in the energy industry, primarily involved in the production and supply of oil and gas. The company is known for its significant contributions to energy security in Western Australia and international markets, with a focus on sustainable and reliable energy solutions.

Average Trading Volume: 5,761,178

Technical Sentiment Signal: Sell

Current Market Cap: A$40.93B

For detailed information about WDS stock, go to TipRanks’ Stock Analysis page.