Mind boggling reading all the ridiculous “short term” “instant get rich” “no place in green future” mentality comments on Woodside.
North West Shelf commissioned 1984 with first LNG cargo in 1988…..SP in Jan ‘88 was $0.48c.
Woodside was, is, and will remain an Oil & Gas giant. Any discussion re hydrogen, wind farms, or decompressing & liquifying cow farts is all a charade to keep to woke, green left off their backs while continuing to contribute to Australian GDP through its CORE BUSINESS……LNG / LPGs / Condensate.
To all the newbies here, I ask, where are BP, Royal Dutch Shell, Exxon, Chevron, Petronas, and every other major gas / petroleum company right around the world with their short, medium, long term business plans direction?
Yes, they’re all dabbling with ESG etc. to appease their governments, and be seen by their respective publics to be changing their focus, but none of it is substantial or a financially viable replacement (in the short - medium term)……they’ll all continue to be multi billion dollar behemoths by continuing to refine oil & gas.
Yes, we’ll have EVs, solar, wind, hydrogen blah blah blah, but right now, their money is in hydrocarbons.
Woodside will be a hydrocarbon player long after most of us become worm farms.
For Pete’s sake, stop seeing Woodside as some new gas producer on the ASX that won’t survive unless it goes 100% green this financial year!!!!
I don’t own cows to contract out to Woodside.
This is not financial advice; except for the cows bit.
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