What kind of company is Woodside?
Australian petroleum exploration and production company
Woodside Energy Group Ltd (formerly Woodside Petroleum Ltd) is an Australian petroleum exploration and production company. Woodside is the operator of oil and gas production in Australia and also Australia’s largest independent dedicated oil and gas company.
Who is Woodside owned by?
The expanded Woodside will be 52 per cent-owned by its existing shareholders and 48 per cent by existing BHP shareholders.
Where does Woodside operate?
Woodside Petroleum Ltd – Products & Brands Developing – Projects include the Horn and Liard Basin Fields (Canada), Greater Surprise and Brecknock, Torsa and Calliance Fields. The company’s Australian development projects include Greater Enfield, North West Shelf Greater Western Flank phase 2 and Scarborough.
Is Woodside ethical?
Living our values Woodside is committed to fostering a culture of corporate compliance, ethical behaviour and good corporate governance. Our values underpin the way we work.
Who founded Woodside?
The Johnston family of Oakbank founded Woodside in the 1850s, primarily to improve their brewery business.
What is happening with Woodside Petroleum?
On Wednesday, Woodside shareholders approved a proposed merger with the petroleum business of BHP Group, with 98.66 per cent of votes submitted in favour of the move. Woodside said it expected the completion of the merger to occur on June 1, with shares expected to commence trading on the ASX the following day.
What will happen to Woodside?
BHP shareholders would receive Woodside Petroleum shares as proceeds of the spin-off, owning 48% of the merged group. Then at the end of November 2021, BHP announced, after consultation with the tax office, that it would be spinning off its petroleum assets in the form of a special fully-franked dividend.
What will happen to Woodside shares?
Once BHP receives the newly issued Woodside shares, these will be distributed to shareholders via an in specie dividend. The release explains that eligible BHP shareholders will receive one newly issued Woodside share for every 5.534 BHP shares they hold at the close of play on Thursday 26 May 2022.
What products does Woodside produce?
The company operates liquefied natural gas trains, offshore gas platforms, and oil floating production storage and offloading (FPSO) vessels. Woodside also operates a network of subsea and pipeline infrastructure in Australian waters.
Is Woodside Petroleum a buy?
One of the leading brokers that looks at ASX shares thinks that the Woodside Petroleum Limited (ASX: WPL) share price is a buy. Morgans reckons that the business has more upside even though it has already risen by 26% this year.
What will BHP shareholders receive from Woodside merger?
BHP will receive 914,768,948 Woodside ordinary shares as part of the Merger. Eligible BHP shareholders will receive one newly issued Woodside share for every 5.5340 BHP shares they hold at the close of business on 26 May 2022 (Record Date).
Is Woodside oil and gas company?
Woodside is an Australian oil and gas company with a global presence, recognised for our world-class capabilities. A global presence, recognised for our world-class capabilities. Discover Woodside’s global interests.
Where is Woodside in Adelaide?
Woodside is a town in the Adelaide Hills region of South Australia. The town is between Balhannah and Lobethal, 37 kilometres (23 mi) from the state capital, Adelaide. Mount Barker is also nearby.
Is Woodside a buy or sell?
The Woodside (ASX:WPL) share price is a buy: broker 1 March 2022.
Why did BHP merge with Woodside?
BHP Chief Executive Officer, Mike Henry said: “The merger of our petroleum assets with Woodside creates a global energy company with the scale and opportunity to help supply the energy needed for global growth and development in a rapidly decarbonising world.
Why is BHP merging with Woodside?
The combined business is expected to be better able to fund investments that support the energy transition than two smaller, separate sets of assets. The merger positions the combined company to deliver the best shareholder and societal outcomes during the energy transition.
Is Woodside a global company?
In the 2020 Forbes Global 2000, Woodside was ranked as the 1328th-largest public company in the world….Woodside Energy.
|Meg O’Neill, CEO
|100.3 MMboe (2020)
|$3.6 billion (2020)
Does Woodside produce natural gas?
Woodside produces natural gas, LPG, condensate and oil for customers in Australia and elsewhere.
Is Woodside undervalued?
Consensus on Woodside is Moderate buy. Based on Morningstar’s fair value of $32.59, the stock appears to be undervalued.
Will Woodside pay a dividend?
The in specie dividend is scheduled to be paid on 1 June 2022 and will be fully franked. BHP shareholders’ entitlement to, and the payment of, the in specie dividend is subject to completion of the Merger. BHP will receive 914,768,948 Woodside ordinary shares as part of the Merger.