Woodside Energy

WDS

Market cap $40B

HOUSTON--(BUSINESS WIRE)--Woodside Energy has announced a $5 million investment in a comprehensive, multi-year initiative to restore biodiversity and strengthen the environmental resilience of Sam Houston Jones State Park in Calcasieu Parish, Louisiana. The project will be delivered in partnership with the Louisiana Office of State Parks under the leadership of Lieutenant Governor Bill Nungesser along with RES and McNeese State University (MSU). This unique partnership brings together expertise.

Woodside Energy agreed ​to supply domestic gas to ‌Alcoa Corp's Australian unit from 2027 to 2030, the Australian energy major ​said on Tuesday.

Woodside Energy remains a Buy, soon entering a harvesting phase with major projects nearing completion and robust long-term growth potential. WDS's Q1 beat revenue estimates alongside lower volumes; Scarborough is 96% complete, Trion is 56% complete, and Louisiana LNG is on track. Valuation implies intrinsic value well above the current market price, highlighting continued undervaluation despite recent Exxon M&A speculation.

Australia's Woodside Energy ​said on Monday it was ‌not aware of any proposal involving U.S. energy major Exxon Mobil ​and was not engaged in ​discussions regarding a potential transaction, ⁠responding to recent media speculation.

Exxon Mobil Corp is exploring potential acquisition ​targets, including Australia's Woodside ‌Energy Group , Bloomberg News reported on Friday, citing people ​familiar with the matter.

Woodside Energy said on ​Friday it had ‌exercised its pre-emptive right ​to acquire ​a 10.67% stake in ⁠the Browse ​Joint Venture from ​PetroChina International Investment (Australia), blocking a deal previously ​agreed with ​Japan's INPEX.

North American natural gas demand is poised for a historic increase driven by growth in liquefied natural gas (LNG) exports and the demand for power, which includes data centers. This backdrop is driving unprecedented opportunities for natural gas-focused midstream companies.

Some ​workers at ‌Woodside Energy's Karratha gas ​plant ​and Pluto liquefied ⁠natural ​gas facilities ​in Western Australia will begin ​a ​strike action from ‌Wednesday, ⁠the Offshore Alliance workers ​union ​said ⁠in a Facebook ​post ​on ⁠Friday.

Woodside Energy's long-delayed Browse liquefied natural gas project is now expected to cost A$48.7 billion ($35.2 billion), according to a new report ​commissioned by the company.

Australia's Woodside Energy is struggling ​to sell liquefied natural gas volumes from its planned Louisiana LNG export facility because it is seeking liquefaction fees ‌above prevailing U.S. market rates, two people familiar with the matter told Reuters.