Woodside plans to approve its Louisiana LNG project soon, aiming to expand beyond Asia and become a global LNG powerhouse, CEO Meg O’Neill said.Woodside sees delays in rival LNG projects but remains open to off-take deals, CEO O’Neill said, noting a volatile year ahead.
The company posted a $3.57B net income for 2024, up from $1.66B in 2023, beating estimates. Production rose 4% to 194M barrels, with 2025 guidance at 186-196M barrels, 40% LNG.
Underlying profit fell 13% to $2.88B.Woodside shares experienced a strong rally, climbing as much as 3.5% during the trading session, marking their most significant intraday gain since early October. By 3:39 p.m. in Sydney, the stock had settled at a 2.8% increase, reflecting investor optimism following the company’s positive earnings report and strategic expansion plans.
