Woodside Energy announced 1H FY2022; Reported solid growth in underlying NPAT

Woodside Energy Group Ltd (ASX: WDS) has released its 1H FY2022 results for the period ended 30 June 2022 and announced an interim dividend of 109 US cents per share. Its underlying NPAT increased 414% to US$1,819 million compared to the previous corresponding period. The Company highlighted that its result during the period was the outcome of strong operational performance and realised benefits of the merger with BHP’s petroleum business.

Financial Highlights:

• NPAT for the period was US$1,640 million.
• Positive free cash flow of US$2,568 million.

Business Highlights:

• Completed merger with BHP’s petroleum business.
• Started trading on the London Stock Exchange and NYSE.
• Delivered post-merger synergies of ~US$100 million of the US$400+ million per year target.
• Completed sell-down of a 49% interest in Pluto Train 2.
• Sangomar Phase 1 is 63% complete. It is now in the process to complete the final dry dock activities for the floating production storage and offloading (FPSO). The Company has started subsea installation scope and improved drilling activity with the arrival of the second drillship in July 2022.
• Awarded front-end engineering design contract for the H2OK hydrogen project.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au