While prices for the liquefied natural gas Woodside exports had fallen from the heady levels of 2022 it was still above historic norms with the price marker for selling to Japan sitting at about $US15 per million British thermal units.
A bigger and more global Woodside made more than $1 million of profit an hour in 2022 after swallowing BHP’s petroleum assets and benefiting from Europe scrambling for non-Russian gas supplies.
O’Neill said while prices for the liquefied natural gas it exports had fallen from the heady levels of 2022 it was still above historic norms with the price marker for selling to Japan sitting at about $US15 per million British thermal units.Woodside shareholders – including BHP shareholders, who were awarded 48 per cent of the enlarged firm’s equity – will receive a fully franked $US1.44 a share dividend bringing the payout to $US2.53 for the year.
Woodside applied to the federal government for environmental approvals on Browse environmental in 2019. Meanwhile, appeals against approval from the WA government to extend the life of the LNG plant to 2070 have so far been in consideration for seven months.“It’s an unfortunate feature of the regulatory environment that there’s no time constraints on any of these reviews,” O’Neill said.
Woodside is ahead of schedule in achieving $US400 million in annual savings from the merger that incurred one-off transaction and integration costs of $US633 million.
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