Woodside Petroleum Limited

Published : February 13th, 2018

Australia's Woodside reports 18 pct rise in annual profit

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Keywords :   Australia | Barrel | Billion | Crude | Forecast | Georgia | Oil | Prices | Rates |

Australia's Woodside reports 18 pct rise in annual profit

(Adds equity raising to fund Scarborough deal, revenue, comment from chief executive)

Feb 14 (Reuters) - Woodside Petroleum on Wednesday reported an 18 percent rise in annual profit and said it would acquire an additional 50 percent stake in the Scarborough gas field in Western Australia from Exxon Mobil Corp for $444 million.

To fund its Scarborough expansion, Woodside said it would raise A$2.5 billion from shareholders.

Australia's top oil and gas producer posted net profit of $1.02 billion for 2017, up from $868 million last year, helped by higher oil and gas prices, and cost cuts. This missed estimates of $1.06 billion according to Thomson Reuters I/B/E/S, by a small margin.

Woodside declared a full-year dividend of $0.98 per share, up from $0.83 a share a year ago.

The company's operating revenue came in at $3.91 billion compared with $4.08 billion a year ago, underpinned by a rise in crude oil prices. Oil prices stand at around $62.56 per barrel.

The company maintained its forecast for 2018 output at 85 million to 90 million barrels of oil equivalent (mmboe) as production ramps up at the Wheatstone LNG project in Australia, operated by Chevron Corp.

Woodside bought into the Wheatstone project in 2015 and expects it to contribute more than 13 million barrels of oil equivalent to annual output when it hits full capacity.

The company's fourth quarter output was boosted by one cargo from the first LNG production unit, or train, at Wheatstone. The plant's second train is due to start up in the June quarter of this year.

“The safe start-up of Wheatstone LNG Train 1 was a significant milestone for the company and we look forward to the delivery of LNG Train 2 and the domestic gas facility this year while supporting the operator to optimise lifting costs and maximise production rates.” Woodside Chief Executive Peter Coleman said in a statement. (Reporting by Susan Mathew in Bengaluru; Editing by Sandra Maler)

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Woodside Petroleum Limited

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Woodside Petroleum is an exploration oil company based in Australia.

Woodside Petroleum is listed in Australia and in Germany. Its market capitalisation is AU$ 29.3 billions as of today (US$ 21.6 billions, € 18.5 billions).

Its stock quote reached its lowest recent point on September 30, 2011 at AU$ 21.90, and its highest recent level on September 05, 2014 at AU$ 38.86.

Woodside Petroleum has 842 440 000 shares outstanding.

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Nominations of Woodside Petroleum Limited
5/18/2011Appointment of Non-Executive Director
5/12/2011Appoints New CEO
Financials of Woodside Petroleum Limited
7/19/2011Second Quarter 2011 Report
Project news of Woodside Petroleum Limited
9/5/2016Woodside buys half of BHP's stake in Australian gas fields f...
7/14/2016ConocoPhillips to sell more than $350M in deepwater explorat...
7/14/2016Woodside's proposed acquisition of Conoco's Senegal interest
5/5/2011Oil Discovery at Laverda North
Corporate news of Woodside Petroleum Limited
9/5/2016Woodside to buy into BHP LNG assets
9/5/2016Woodside to buy into BHP's Scarborough
9/1/2016 Notification of dividend
8/19/201619.08.2016 2016 Half-Year Results - Teleconference
8/19/2016Aust shares up on mining, banks strength
7/21/2016Woodside revenue hit by low oil prices
7/21/2016[$$] Woodside Petroleum's Production, Revenue Falls
7/21/2016Low oil prices hit Woodside revenue
7/20/2016Woodside Second-Quarter Sales Decline 8% as Energy Prices Sl...
7/14/2016Les valeurs à suivre sur les marchés américains
7/14/2016Woodside taps into big oil find off Senegal for growth
7/14/2016Woodside in $460m Senegal deal
7/13/201614.07.2016 Woodside Agrees to Acquire ConocoPhillips Interes...
7/13/201614.07.2016 Woodside Agrees to Acquire ConocoPhillips' Intere...
7/13/2016Woodside to buy ConocoPhillips' Senegal holdings for $350 ml...
7/13/2016Woodside to Buy Conoco’s Senegal Assets for $350 Million
6/27/201627.06.2016 Greater Enfield Oil Development Approved
6/7/2016Woodside boss says gas sector's complacent
6/7/2016Gas industry complacent: Woodside boss
5/24/2016Aust market down slightly at lunchtime
5/20/2016Woodside buoyed by Myanmar gas estimate
5/19/201620.05.2016 Woodside Books Contingent Resource in Myanmar
5/19/201620.05.2016 2016 Investor Briefing Day
5/19/2016Woodside ups Myanmar gas estimate
5/17/2016Aust market stronger at lunchtime
5/9/2016GSV Capital reports 1Q loss
5/5/2016[$$] Oil Price Drop Vanquishes Cutting-Edge Projects
5/4/2016[$$] Oil-Price Drop Vanquishes Cutting-Edge Projects
2/1/201601.02.2016 Update on Wheatstone Schedule
2/1/201604.01.2016 Woodside Discovers Gas Offshore Myanmar
2/1/201621.01.2016 Fourth Quarter 2015 Report
1/21/2016Woodside expected to cut dividend
1/21/2016Woodside to take $US1b hit as oil sinks
1/20/2016[$$] Woodside Petroleum Plans Up to $1.2 Billion Writedown
1/4/2016Woodside JV strikes gas at Myanmar block
12/8/2015Woodside confirms Oil Search bid is over
12/8/2015[$$] Woodside Abandons Oil Search Offer Worth Nearly $8.5 Bi...
12/7/2015Woodside withdraws Oil Search takeover bid
12/7/2015Australia's Woodside dumps $8.4 bln bid for PNG-focused Oil ...
12/7/2015Australia's Woodside dumps $8.4 bn bid for PNG-focused Oil S...
12/3/2015[$$] Most Asian Shares Fall on Lower Oil, Fed Comments
10/22/2015[$$] Oil Bargain Hunting Remains Elusive Game
10/15/2015Woodside's quarterly revenue almost halves
10/15/2015Woodside's 3Q 2015 Revenue at $1.09B, Down 45% YOY
10/14/2015Woodside suffers 44.6% drop in 3Q revenue
10/5/2015AFR: Woodside CEO Says Doesn't Want to Raise Bid for Oil Sea...
9/25/2015Australia's North West Shelf LNG export plant to sell cargo
9/23/2015OPEC focuses on rival mega projects, lives with shale swing ...
9/23/2015Borse Asia in calo, pesano Pmi Cina, debolezza globale
9/22/2015Woodside needs to raise bid for Oil Search
9/21/2015Woodside Teams with Accenture to Implement Predictive Analyt...
9/18/2015Borse Asia, sollievo tra i mercati dopo decisione Fed
9/17/2015Borse Asia-Pacifico ai massimi da 3 settimane ma cala Shangh...
9/16/2015Borse Asia, mercato tonico su scia Wall Street, aspetta Fed
9/15/2015Borse Asia, prosegue trend negativo in attesa di Fed, male S...
9/15/2015Oil Search Rejects Woodside’s $8 Billion Offer
9/14/2015Oil Search Rejects Woodside $8 Billion Offer --- Energy Jour...
9/14/2015Oil Search rejects A$11.6bn Woodside bid
9/14/2015Oil Search leaves takeover door open
9/14/2015BORSE ASIA-PACIFICO - Seduta volatile in attesa Fed, male Sh...
9/14/2015Oil Search turns down Woodside's $8 billion takeover plan
9/14/2015Oil Search surprises with a no to Woodside
9/14/2015Oil Search rejects Woodside proposal – Chairman briefing tra...
9/14/2015Oil Search Rejects Woodside's $8 Billion Offer
9/11/2015Borse Asia, seduta volatile, sollievo da Wall Street, dlr st...
9/10/2015Borse Asia-Pacifico, indici in calo, pesano dati Cina e Giap...
9/9/2015M&A market surges with $40bn in new deals
9/9/2015Borse Asia Pacifico salgono in scia a Usa, Europa
9/8/2015Woodside / Oil Search: it's a gas
9/8/2015Woodside's Bid for Oil Search Is No Bargain
9/8/2015Australia's Woodside courts Oil Search with 5.2 billion poun...
9/8/2015Borse Asia restano in territorio positivo dopo dato Cina
9/8/2015Woodside makes play for Oil Search
9/8/2015Australia's Woodside approaches Oil Search with $8 bln bid
9/7/2015Australia's Woodside makes $8.1 bn bid for PNG-focused Oil S...
9/7/2015Australia's Woodside makes $8.1 bln bid for PNG-focused Oil ...
8/19/2015Energy sector leads Aust shares higher
8/19/2015Woodside says Browse must break even
8/19/2015Edited Transcript of WPL.AX earnings conference call or pres...
8/19/2015Woodside Profit Falls 39%, Weighs on Dividend Payout
8/19/2015Woodside's 1H 2015 Net Profit After Tax Falls 39% to $679M o...
8/19/2015Energy Industry Deals Depend on More Oil Pain, Woodside Says
8/19/2015More Oil Pain Needed Before Energy Deals Seen Picking Up
8/18/2015Woodside slashes dividend as profit dives
8/18/2015Woodside cuts dividend as profit slides
7/16/2015BUZZ-Australian resource sector continues to lack confidence...
6/17/2015BHP Billiton offers one LNG cargo from Australian export pla...
6/4/2015Woodside muscling onto BG-Shell turf with global LNG push
6/4/2015Cheap coal, giant batteries may keep gas waiting for its gol...
6/3/2015Sempra LNG And Woodside Sign Memorandum Of Understanding For...
5/15/2015Global LNG-Prices rise as outages and tenders tighten supply...
5/8/2015Power failure hits LNG output at Australia's North West Shel...
4/10/2015Apache Completes Sale of Kitimat LNG
3/24/2015Woodside axes 300 jobs and freezes pay
3/24/2015Woodside cuts 300 jobs and freezes pay
3/20/2015Woodside restarts Pluto after close shave
3/16/2015Woodside halts Pluto production
2/17/2015Woodside Petroleum Profit Jumps
9/6/2011Appendix 3Y (Cilento)
8/23/20112011 Half Year Shareholder Review
8/17/20112011 Woodside Half-Year Results
6/30/2011Executes Browse Native Title Agreement
6/23/2011Appendix 3Y (Coleman)
6/17/2011Pluto Cost and Schedule Update
5/23/2011Discovers Gas at Xeres-1
5/6/2011Claim Group Approves Proposal for Browse LNG Precinct
5/5/2011to issue US$700 million in corporate bonds & Appendix 3Y (Ci...
10/13/2010Succession Plan Commenced For CEO
1/25/2010Gas Encountered in Noblige Well
10/6/2009DRP Notice Under Section 708A of the Corporations Act
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