What is also interesting is the change in mix of production.
Prior to the merger, Woodside was producing between 17 and 19% per year of oil - the rest was gas, so their exposure to the POO was limited due to the long term gas contracts.
With the merger, oil is now 25% of production. There is now more diversity in income streams, they do not have all their eggs in the LNG basket.
HT1
Ann: Second Quarter 2022 Report, page-12
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