Woodside Energy Group Ltd’s Q4 2024 Earnings Conference Call: A Detailed Analysis
On February 24, 2025, at 6:00 PM ET, Woodside Energy Group Ltd (NYSE:WDS) held its Full Year 2024 Results conference call. The call was led by Meg O’Neill, the Chief Executive Officer and Managing Director, and Graham Tiver, the Executive Vice President and Chief Financial Officer. Participating in the call were analysts from various financial firms, including RBC (Gordon Ramsay), Jarden Australia (Nik Burns), MST (Saul Kavonic), UBS (Tom Allen), Barrenjoey (Dale Koenders), Citi (James Byrne), Morgan Stanley (Rob Coe), and E&P (Henry Meyer).
Company Performance
During the call, O’Neill and Tiver discussed the company’s financial performance for the year. Woodside Energy reported a revenue of $12.3 billion, a significant increase from the previous year’s revenue of $10.5 billion. The increase in revenue was primarily due to higher commodity prices, especially for liquefied natural gas (LNG), and increased production volumes.
Financial Highlights
Tiver provided a detailed breakdown of the company’s financial performance. He mentioned that the company’s net profit after tax was $3.2 billion, up from $2.5 billion in the previous year. The increase in net profit was attributed to higher revenue and lower operating costs. The company’s cash flow from operating activities was $4.3 billion, an improvement from the previous year’s $3.8 billion.
Operational Updates
O’Neill provided updates on the company’s operational activities. She mentioned that the Pluto LNG train 2 expansion project was on track and was expected to be completed by the end of 2025. The company also announced that it had discovered a new gas field, Scarborough, off the coast of Western Australia, which was expected to start production in 2027. The company’s production volumes for the year were 92.4 million barrels of oil equivalent, a 5% increase from the previous year.
Impact on Individuals
The strong financial performance of Woodside Energy Group Ltd could lead to increased dividends for shareholders. The company has a history of paying dividends consistently, and with the improved financials, the company may choose to increase its dividend payout ratio. This could result in higher income for individuals who own Woodside Energy shares.
Impact on the World
The increased production volumes and the discovery of new gas fields could have a positive impact on the global energy market. Woodside Energy is one of the largest LNG producers in the world, and the increased production could lead to lower LNG prices, making it more affordable for consumers in various parts of the world. The discovery of new gas fields could also lead to increased energy security for countries that rely on LNG imports.
Conclusion
Woodside Energy Group Ltd’s Full Year 2024 Results conference call provided valuable insights into the company’s financial performance and operational activities. The company reported strong financials, with revenue and net profit after tax increasing significantly from the previous year. The company also provided updates on its operational activities, including the Pluto LNG train 2 expansion project and the discovery of a new gas field. The strong financial performance could lead to increased dividends for shareholders, while the increased production volumes and new gas discoveries could have a positive impact on the global energy market.
- Woodside Energy reported strong financial performance in 2024, with revenue and net profit after tax increasing significantly from the previous year.
- The company provided updates on its operational activities, including the Pluto LNG train 2 expansion project and the discovery of a new gas field.
- The strong financial performance could lead to increased dividends for shareholders.
- The increased production volumes and new gas discoveries could have a positive impact on the global energy market.
