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Woodside Energy Group Ltd (WDS)
| Previous close | 21.37 |
| Open | 21.74 |
| Bid | 21.81 x 1100 |
| Ask | 21.82 x 800 |
| Day's range | 21.74 - 21.91 |
| 52-week range | 19.11 - 26.93 |
| Volume | |
| Avg. volume | 699,159 |
| Market cap | 41.431B |
| Beta (5Y monthly) | 0.92 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 2.14 (8.43%) |
| Ex-dividend date | 08 Sept 2022 |
| 1y target est | N/A |
- Reuters
Woodside Energy cash flow outlook sparks concern about future payouts vs growth
MELBOURNE (Reuters) -Woodside Energy Group Ltd, Australia's top independent gas producer, flagged on Thursday a drop in free cash flow over the next few years, which raised alarm among analysts about future dividend payouts. Woodside's shares fell 1.8% after its annual investor briefing in a broader market that was up 0.9%, even after Chief Executive Officer Meg O'Neill said the company was committed to paying out at least 50% of net profit after tax. Analysts are forecasting a payout of around $4 billion a year over the next few years, which Barrenjoey analyst Dale Koenders said would use up free cash flow and potentially leave no room for growth projects like the Trion oil project off Mexico, estimated to cost between $6 billion and $8 billion.
- Reuters SG
Deals of the day-Mergers and acquisitions
** The Russian government said it approved handing over a 12.5% stake in operator of Russia's Sakhalin 2 liquefied natural gas plant to Dubai-based MIT SEL Investment Ltd, a subsidiary of Japanese trading house Mitsui & Co. ** Elon Musk sought to delay the Twitter Inc trial by about a month to November, according to a court filing, as a whistleblower provided the world's richest person with fresh ammunition to back out of a $44 billion deal to buy the social media company. ** Institutional Shareholder Services Inc (ISS) wrote in a note that Twitter Inc shareholders should vote in favor of the social media company's $44 billion sale to Elon Musk.
