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Business Description: Woodside Petroleum Limited (WPL) is an independent oil and gas company with a portfolio of liquefied natural gas trains, offshore platforms, oil floating production storage and off-loading vessels. WPL produces and sells LNG, pipeline gas, oil condensate and LPG, with a landmark Australian project the North West Shelf. WPL also holds interests in operating assets located in Australia and international. In FY12, WPL’s production totaled 84.9MMboe.
Strategy Analysis: WPL explores, develops, produces and markets gas and oil from Australia and the Americas to customers across the globe. The company is committed to returning top-quartile and sustainable growth in shareholders' wealth, paying dividends and balancing growth through strategic focus in key regions of the world.
Woodside Petroleum reported NPAT up 97.9% to US$2.98bn for the year ended 31 December 2012. Revenues from ordinary activities were US$6.35bn, up 32.2% from last year. The Company's 2012 results benefited from a full year of production from the NWS oil facilities and improved production from the Vincent oil field, following infill development in 2011 and early 2012. This Diluted EPS was 366 US cents compared to 190 US cents last year. Net operating cash flow was US$3.48bn compared to US$2.24bn last year. The final dividend declared was 65 cents, taking the full year dividend to 130 cents compared with 110 cents last year. Investment expenditure for 2013 is expected to be $2.6bn, which is higher than previous guidance due to anticipated additional expenditures associated with the Leviathan and Myanmar opportunities.
The Age 21/05/2013 |
Optus says its 4G mobile network will reach 70 per cent of the Australian population by mid-2014. The carrier revealed it has upgraded 4000 3G sites to 4G in five capital cities and in Coffs Harbour, the Gold Coast and Byron Bay. It also plans to make its 4G network suitable for customers with dual-band 4G mobile devices.
The Age 21/05/2013 |
Hong Kong private equity firm Quantum Pacific Capital says it is best placed to resolve a dispute over the ownership of a troubled $5 billion copper and gold project in Java and is negotiating to grab back as much as 80 per cent of the project on behalf of former owner Intrepid Mines.
The Age 21/05/2013 |
Shareholders in Transfield Services were bracing themselves on Monday for an earnings downgrade following downgrades by other mine services operators such as UGL, WorleyParsons and the smaller Coffey International last week.
The Age 21/05/2013 |
The whole retail recovery story has wandered perilously off script over the past quarter. The start of the year held the promise of green shoots at the discretionary spending end. But as we near the close of the financial year, the fragile recovery appears to have been nipped in the bud.
The Age 21/05/2013 |
New Leighton Holdings chairman Bob Humphris has moved to dispel fears that its directors remain at war with its German parent Hochtief, insisting the relationship was "collegiate" despite the abrupt resignation of three fellow directors two months ago.
The Age 21/05/2013 |
Australian shares flirted with five-year highs on Monday, returning to levels not seen since the onset of the global financial crisis, as investors were spurred on by signs of strength in the US economy.
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