(Energy Analytics Institute, 16.Sep.2024) — Woodside Energy completed its first North American equity market briefing at the New York Stock Exchange (NYSE) on 16 Sep. 2024, the Australian company’s CEO Meg O’Neill announced on LinkedIn.
Woodside was initially listed on the NYSE in 2022 when the company merged with BHP’s petroleum business.
During the briefing, Woodside executives conversed with US-based analysts and investors and conveyed the Australian company’s four pillar investment thesis, as summarized by O’Neill:
“First, our high-quality portfolio of oil and gas assets, which are geographically advantaged to meet growing LNG demand, including our strong existing position in Australia and our recently announced plans to expand our presence in the Atlantic Basin.
Second, our history of operational excellence – we are cost-focused and continue to deliver high reliability, reporting around 98% reliability across our operated assets in the first half of 2024.
Third, we are focused on shareholder value and returns – since the merger with BHP’s petroleum business in 2022, we’ve returned almost $9bn in dividends, which is approximately 25% of our market cap, as at the end of June.
Finally, we are positioning for the energy transition. We firmly believe LNG will remain an important global energy source as countries seek to lower their emissions. We have also set our own emissions reduction targets and are progressing hydrogen, ammonia and carbon capture and storage opportunities.”
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By Aaron Simonsky. © Energy Analytics Institute (EAI). All Rights Reserved.
