Woodside Energy announces annual meeting date

PERTH, WESTERN AUSTRALIA - Woodside (OTC:WOPEY) Energy Group Ltd (NYSE:WPL), a leading company in the crude petroleum and natural gas industry with a market capitalization of $27.56 billion, has announced its upcoming Annual General Meeting (AGM) scheduled for April 2025. The notice, filed today with the U.S. Securities and Exchange Commission, confirms the meeting’s agenda and logistics. According to InvestingPro data, the company maintains strong financials with a "Good" overall health score.

The AGM is set to take place at the company’s principal executive offices located at Mia Yellagonga, 11 Mount Street, Perth, Western Australia. Woodside Energy, formerly known as Woodside Petroleum Ltd , has made the details of the meeting available in an exhibit attached to the Form 6-K filing. The company currently offers an attractive dividend yield of 6.92% and has maintained dividend payments for 34 consecutive years, according to InvestingPro analysis.

The announcement comes as part of the company’s compliance with SEC regulations, which require foreign private issuers to submit a Form 6-K report for any month in which they have information to report to shareholders. Woodside Energy has indicated that it will continue to file annual reports under the cover of Form 20-F.

This key gathering for shareholders is an opportunity for the company to discuss its performance, future strategies, and to address shareholder queries. It also serves as a platform for key decision-making processes, including the election of directors and approval of corporate actions.

Investors and stakeholders in the energy sector will be closely monitoring the outcomes of Woodside Energy’s AGM for insights into the company’s direction and governance in the coming fiscal year. The company’s performance in the competitive energy market is of particular interest given the global shifts in energy production and consumption. With a P/E ratio of 7.74 and trading near its 52-week low, Woodside Energy appears undervalued according to InvestingPro Fair Value metrics. The company is scheduled to report its next earnings on April 23, 2025.

This news is based on a press release statement and the company’s recent SEC filing. Woodside Energy Group Ltd is listed on the New York Stock Exchange under the ticker symbol WPL.

In other recent news, Woodside Energy Group Ltd has announced the sale of its Greater Angostura assets to Perenco, aligning with its strategy to optimize its portfolio. The financial terms of the transaction were not disclosed, but the sale is part of Woodside’s focus on core assets and operational streamlining. Additionally, Woodside has reported changes in executive shareholdings as part of its routine disclosures, maintaining transparency in corporate governance. These filings were made with the U.S. Securities and Exchange Commission, ensuring compliance with international reporting standards.

Macquarie has maintained its Neutral rating on Woodside Energy, with a price target of AUD26.00, following the company’s earnings and net profit results for 2024, which matched the firm’s revised expectations. Woodside’s reported production costs were lower than estimated, and the company declared a final dividend of US$0.53 per share, exceeding some expectations. The company has also provided updates on its major projects, including the Scarborough and Beaumont projects, which are progressing towards completion. Woodside’s full-year guidance for 2025 remains consistent, with production estimates and cost guidance aligning with Macquarie’s projections.

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