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Woodside Releases Full-Year 2024 Results

1. Woodside Energy reports record production of 193.9 MMboe (530 Mboe/day) in 2024; outstanding performance noted. 2. NPAT surged 115% YoY to $3,573 million despite a 13% decline in underlying NPAT.

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FAQ

Why Bullish?

The record production and significant NPAT surge indicate operational strength, likely boosting investor confidence. Historical instances show that such performance milestones can drive share price improvements even when underlying margins face pressure.

How important is it?

The news highlights critical operational achievements and financial performance, making it highly relevant. The record production and NPAT jump are pivotal factors that may influence investor sentiment and future earnings prospects.

Why Long Term?

Sustained high production performance and operational reliability are key for long-term profitability. Similar industry examples underscore that robust production metrics have enduring positive effects on stock valuation.

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ASX:WDSNYSE:WDSLSE:WDS
PERTH, Australia--(BUSINESS WIRE)--Woodside Energy Group (ASX: WDS) (NYSE: WDS) (LSE: WDS): Woodside today reported record production of 193.9 million barrels of oil equivalent (MMboe), or 530 Mboe/day, for the full year 2024. The result was underpinned by outstanding early production performance at Sangomar and world-class reliability at operated LNG assets. Net profit after tax (NPAT) for 2024 was 115% higher year-on-year at $3,573 million. Underlying NPAT decreased 13% from the previous year.

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