Woodside Energy Group Ltd ( (WDS) ) has released its Q4 earnings. Here is a breakdown of the information Woodside Energy Group Ltd presented to its investors.
Woodside Energy Group Ltd, a leading Australian energy company, specializes in the production and supply of liquefied natural gas (LNG) and other energy solutions, with a focus on sustainability and innovation in the energy sector.
In its 2024 annual report, Woodside Energy Group Ltd highlighted a significant increase in net profit after tax, achieving a 115% rise to US$3.573 billion, despite a 6% decrease in revenue from ordinary activities. The company also maintained a strong dividend payout, reflecting its robust financial performance and commitment to shareholder returns.
Key financial metrics for Woodside in 2024 included a net tangible asset per ordinary security of $16.10, a gearing ratio of 17.9%, and a fully franked total dividend of 122 US cents per share. The company achieved a record production volume of 194 million barrels of oil equivalent, driven by exceptional performance at the Sangomar project and reliable operations at its LNG assets. Strategic acquisitions, such as the Louisiana LNG and Beaumont New Ammonia projects, positioned Woodside for long-term growth and profitability.
Looking ahead, Woodside remains focused on delivering value through disciplined investment and strategic growth initiatives. The company is on track to meet its emissions reduction targets and continues to explore opportunities in new energy markets, ensuring its resilience and adaptability in the evolving energy landscape.