Aug 13 (Reuters) - Australia's Woodside Petroleum WPL.AX on Thursday slashed its interim dividend by more than a quarter, after reporting a 28% fall in … * MANAGING EMERGING IMPACTS OF COVID-19 ON SUPPLY CHAIN AND PROJECT SCHEDULE OF SANGOMAR* CFO says coronavirus crisis "challenging and unprecedented"Australia's Woodside Petroleum Ltd on Thursday posted an over 20% fall in first-quarter sales revenue, hurt by lower realised prices for oil and natural gas. ... Latest News. Thankfully its dividend payments took up just 32% of the free cash flow it generated, which is a comfortable payout ratio.Businesses with shrinking earnings are tricky from a dividend perspective. Energy giant Woodside takes $6.3bn hit as COVID-19 reshapes oil market Australian energy giant Woodside Petroleum has wiped billions of dollars off the value of its assets and reset oil … Mr McGowan said the Waitsia project received an exemption "for a short period of time" due to the exceptional economic circumstances created by the COVID-19 pandemic. However, this is not a typical trough, and willing buyers are few and far between, as there are way too much uncertainty and way too much debt in the industry for a regular bargain hunt.Indeed, Woodside is being cautious with its acquisition targets. About Us About Us Woodside is the pioneer of the LNG industry in Australia and the largest Australian natural gas producer. On the plus side, the dividend was covered by free cash flow." Its development segment includes Browse, Scarborough, Kitimat, Sunrise and Senegal projects. Please Tesla Plans To Sell $5 Billion In Shares As Stock RalliesOil Rallies After API Reports Large Draw In Crude, Gasoline InventoriesIran Says Oil, Petrochemicals Investment Hit $10B In Five MonthsUAE’s August Oil Production Rises Above OPEC LimitsNorth Korea Could Store Up To 1-Year Of Crude Oil SuppliesVietnam Issues Decree Against Illegal Oil & Gas DrillingLibya's Biggest Oilfield Halts All Work After Employee Tests Covid PositiveMexico’s Oil Major Pemex Ignores Investor Calls To Curb EmissionsLeast Populated U.S. States Consume More Gasoline, Jet Fuel Per CapitaLibya Set To Export First Crude From Oil Ports Since JanuaryTesla Thwarts Serious Cyberattack On Nevada GigafactorySaudi Troops Join U.S. Base In Oil-Rich Northern SyriaThe Battery Breakthrough That Could Transform An Entire IndustryChina Sees Record-Breaking Electricity Consumption In AugustCalifornia To Add 38,000 Electric Vehicle Charging StationsDakota Access Case Could Sour Future Pipeline PlansCoal’s Share Of Global Energy Supply Has Increased Since 1973Wind Power Giant Sees Profits Shrink As Competition Heats UpChinese Data Shows Beijing Continues Iranian Oil ImportsU.S.
Its Other segments includes trading and shipping activities and activities undertaken in other international locations. Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.“We’re clearly scanning the landscape very closely looking for opportunities,” the company’s chief executive Peter Coleman told the audience at Woodside’s first-half conference call.Bargain-hunting is normal for the trough phase of the oil-industry cycle. "Do we predict that there'll be widespread, country-wide and global shutdowns again? Aug 13 (Reuters) - Australia's Woodside Petroleum on Thursday slashed its interim dividend by more than a quarter, after reporting a 28% fall in first-half adjusted profit as coronavirus-led disruptions hammered fuel demand and prices. Woodside Petroleum's next dividend payment will be AU$0.26 per share, on the back of last year when the company paid a total of AU$0.81 to shareholders. Woodside will fork out over $500 million to block Russia's Lukoil from becoming a partner in the Sangomar oil field in Senegal to remove "the potential uncertainty of US sanctions".The new policy does not have the support of the Australian Petroleum Production and Exploration Association, which claims it runs counter to the WA government's COVID-19 economic recovery plan. Woodside Petroleum Ltd (Woodside) is a liquefied natural gas (LNG) company. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends.
First, it's not great to see the company paying a dividend despite being loss-making over the last year. We hope not. News and Media Announcements English. Check out the latest news, insights and unique analysis brought to you by Stockhead's team of business journalists and industry experts on Woodside Petroleum.
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