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Today, Woodside (OTC:WOPEY) Energy Group Ltd (ASX:WPL), a prominent player in the crude petroleum and natural gas industry with a market capitalization of $29 billion, released its Annual Report for the year ended December 31, 2024, along with its Full-Year 2024 Results. The documents, dated February 25, 2025, were submitted in a Form 6-K filing with the Securities and Exchange Commission. According to InvestingPro data, the company’s stock is currently trading near its 52-week low, potentially presenting an opportunity for value investors.
The Annual Report 2024 provides a comprehensive overview of Woodside Energy’s performance throughout the year, including financial outcomes, operational achievements, and strategic initiatives. The Full-Year 2024 Results detail the company’s financial metrics, highlighting revenue of $12.58 billion, impressive gross profit margins of 45%, and capital expenditures. Notably, the company maintains a strong dividend yield of 9.17% and has consistently paid dividends for 33 consecutive years. InvestingPro analysis suggests the stock is currently trading below its Fair Value.
In addition to financial data, Woodside Energy also shared insights into its operational progress, with updates on production volumes, exploration activities, and project developments. The company’s focus on sustainability and corporate governance was also addressed, outlining efforts in environmental stewardship and social responsibility.
The ASX Announcement included in the filing features a transcript of the Full-Year 2024 Results Briefing, where executives discussed the company’s performance and answered questions from analysts and investors. This dialogue provides additional context to the figures reported, offering a deeper understanding of the company’s direction and market position.
Woodside Energy, previously known as Woodside Petroleum Ltd before its name change on December 22, 1988, is headquartered in Perth, Western Australia. The company has indicated that it will continue to file annual reports under the cover of Form 20-F.
Investors and stakeholders can access the full details of Woodside Energy’s financial and operational performance for 2024 in the Annual Report and the Full-Year Results documents, which are now publicly available. The information in this article is based on a press release statement and aims to present a clear and factual summary of Woodside Energy’s disclosed results. For deeper insights into Woodside Energy’s financial health, valuation metrics, and eight additional exclusive ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Woodside Energy Group Ltd has released its fourth-quarter 2024 performance report, providing insights into its production volumes and sales revenues. Although specific figures were not detailed in the summary, the report is available as part of the company’s SEC filing. Additionally, Woodside has updated its reserves statement and progress on the Sangomar Field Development, a key project located offshore Senegal. This update is crucial for understanding the company’s potential revenue and growth prospects.
In terms of strategic developments, Woodside Energy has reached a preliminary agreement with the government of Trinidad and Tobago for the Calypso deepwater gas project. This agreement is a significant step toward a final investment decision, which could enhance the company’s natural gas production capabilities. Analyst firms have also been active in reassessing Woodside’s stock. Citi upgraded Woodside Energy from Sell to Neutral, citing potential improvements in sentiment if the company successfully sells down its Louisiana LNG project. Meanwhile, BofA Securities upgraded the stock from Neutral to Buy, raising the price target to AUD27.10, influenced by revised oil price forecasts.
These recent developments reflect ongoing strategic and operational adjustments as Woodside Energy navigates the evolving energy market landscape.
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