Woodside Energy Group Ltd
ACN 004 898 962
Mia Yellagonga
11 Mount Street
Perth WA 6000
Australia
T +61 8 9348 4000
www.woodside.com
ASX: WDS
NYSE: WDS
LSE: WDS
Announcement
Thursday, 15 August 2024
HALF-YEAR 2024 LINE-ITEM GUIDANCE
Woodside's 2024 Half-Year results are scheduled
for release on Tuesday, 27 August 2024. This announcement contains
line-item guidance and other information relevant to the 2024
Half-Year results.
2024 Half-Year
line-item guidance[1]
|
|
|
Statutory
|
Underlying
|
|
Comment
|
|
Production costs
|
$
million
|
710 -
780
|
|
|
|
Royalties, excise
and levies
|
$
million
|
180 -
210
|
|
|
|
Oil
and gas properties depreciation and amortisation
|
$
million
|
1,850 -
1,950
|
|
Excludes depreciation of lease
assets.
|
|
Other income
|
$
million
|
250 -
380
|
|
Includes profit on Scarborough
sell-down to LNG Japan.
|
|
Net
finance cost
|
$
million
|
50 -
55
|
|
|
|
PRRT expense
|
$
million
|
150 -
230
|
|
|
|
Income Tax expense
|
$
million
|
100 -
200
|
400 -
500
|
|
Half-Year 2024 statutory income tax
includes the first-time recognition of a net Deferred Tax Asset
(DTA) for the Sangomar project and other tax accounting
adjustments. These adjustments in aggregate have materially reduced
the HY24 statutory and underlying effective income tax rate
(EITR).
The underlying income tax guidance
excludes the impact of the Sangomar DTA.
|
Due to these tax accounting adjustments,
Woodside's Half-Year 2024 statutory and underlying EITR is expected
to be materially lower than the Full-Year 2023 (FY23) statutory
global operations EITR of 27.5% and FY23 underlying global
operations EITR of 31%. There is no impact from these adjustments
on Woodside's Half-Year 2024 tax payments.
2024 Half-Year
results and teleconference
· Woodside's
Half-Year Report 2024 and associated investor presentation will be
released to the market on Tuesday, 27 August 2024. It will also be
available on Woodside's website at www.woodside.com.
· A teleconference
providing an overview of the 2024 half-year results and a
question-and-answer (Q&A) session will be hosted by CEO
and Managing Director,
Meg O'Neill, and Chief Financial Officer, Graham Tiver, on Tuesday,
27 August at 08:00 AWST / 10:00 AEST / 19:00 CDT (Monday, 26
August).
· We recommend
participants pre-register 5 to 10 minutes prior to the event with
one of the following links:
o https://webcast.openbriefing.com/wds-hyr-2024/
to view the presentation and listen to a live stream of the Q&A
session
o https://s1.c-conf.com/diamondpass/10038919-jg987y.html
to participate in the Q&A session. Following pre-registration,
participants will receive the teleconference details and a unique
access passcode.
This announcement was approved and authorised for release by
Woodside's Disclosure Committee.
Forward-looking
statements
This announcement contains forward-looking
statements with respect to Woodside's business and operations,
market conditions, results of operations and financial
condition.
All statements, other than statements of
historical or present facts, are forward-looking statements and
generally may be identified by the use of forward-looking words
such as 'guidance', 'indicative', 'foresee', 'likely', 'potential',
'anticipate', 'believe', 'aim', 'aspire', 'estimate', 'expect',
'intend', 'may', 'target', 'plan', 'strategy', 'forecast',
'outlook', 'project', 'schedule', 'will', 'should', 'seek'
and other similar words or expressions. Similarly, statements
that describe the objectives, plans, goals or expectations of
Woodside are forward-looking statements.
Forward-looking statements in this announcement
are future expectations that are based on management's current
expectations and assumptions. Those statements and any assumptions
on which they are based are subject to change without notice and
are subject to inherent known and unknown risks, uncertainties,
assumptions and other factors, many of which are beyond the control
of Woodside, its related bodies corporate and their respective
officers, directors, employees, advisers or representatives. If any
of the assumptions on which a forward-looking statement is based
were to change or be found to be incorrect, this would likely cause
outcomes to differ from the statements made in this
announcement.
A detailed summary of the key risks relating to
Woodside and its business can be found in the "Risk" section of
Woodside's most recent Annual Report released to the Australian
Securities Exchange and the London Stock Exchange and in Woodside's
most recent Annual Report on Form 20-F filed with the United States
Securities and Exchange Commission and available on the Woodside
website at
https://www.woodside.com/investors/reports-investor-briefings. You
should review and have regard to these risks when considering the
information contained in this announcement.
All information included in this announcement,
including any forward-looking statements, reflects
Woodside's views held as at the date of this announcement
and, except as required by law or regulation, neither
Woodside, its related bodies corporate, nor any of
their respective officers, directors, employees, advisers or
representatives intends to, undertakes to, or assumes any
obligation to, provide any additional information or update or
revise any information or forward-looking statements in this
announcement after the date of this announcement, either to make
them conform to actual results or as a result of new information,
future events, changes in Woodside's expectations or
otherwise.
Investors are strongly cautioned not to place
undue reliance on any forward-looking statements.
Announcement
contains inside information
This announcement contains inside information.
Marcela Louzada, Vice President Investor Relations, is responsible
for release of this announcement.