Ann: Second Quarter 2022 Report, page-86

This was in the AFR this morning

https://www.copyright link/companies/energy/global-energy-crisis-causes-headaches-for-woodside-20220724-p5b41i

For those that do not have a subscription or do not know how to work around the paywall, this is the gist of the article.

The global energy crisis has fuelled the coffers of oil and gas companies, but the surge in prices has forced Woodside to shelve one plan to improve its balance sheet.
“When we’ve got oil that’s going to be coming to market in the very near term, our expectation of what fair value is is quite attractive, and in a high price environment, sometimes it’s hard for buyers and sellers to come home to alignment on what price is appropriate,” Woodside CEO Meg O’Neill told The Australian Financial Review.
“Woodside is focused on capital discipline, and we expect it to sell-down Sangomar,” says UBS analyst Tom Allen, though he cautions a divestment is unlikely before 2023.The key question for Woodside becomes whether it wants to extract close to full value from a sell-down of the venture or is happy to accept a smaller premium in order to free up the balance sheet for the $16 billion Scarborough gas project in Western Australia?

HT1