WDS 0.35% $28.94 woodside energy group ltd

Ann: Second Quarter 2023 Report, page-5

  1. 815 Posts.
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    I think the share price is up because:

    1) total group CAPEX is in line with previous guidance (not increased); and
    2) expenses, as well as hedging are also within the low end of expectations.

    Both of these lead to an attractive dividend (AUDUSD also helping).

    The last remaining variable is the POR (payout ratio) - which management obviously control.

 
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