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Woodside Energy Group ( (WDS) ) has issued an update.
Woodside Energy Group announced an increase in its proved reserves by 54.9 MMboe and proved plus probable reserves by 46.2 MMboe as of the end of 2024, highlighting strong initial performance at the Sangomar project. The company successfully achieved first oil at Sangomar in 2024, generating significant revenue and demonstrating high production reliability. The project, which cost around $5 billion, also contributed to local employment in Senegal. The update underscores Woodside’s ability to execute large-scale projects and its commitment to safety and performance, positioning the company for continued value delivery.
More about Woodside Energy Group
Woodside Energy Group is a company in the energy sector, primarily engaged in the exploration and production of oil and gas. The company focuses on large-scale projects and sustainable returns, with a market presence in Australia and international projects such as the Sangomar field offshore Senegal.
YTD Price Performance: -1.08%
Average Trading Volume: 873,380
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $28.68B
Find detailed analytics on WDS stock on TipRanks’ Stock Analysis page.
