Woodside Petroleum Ltd
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July 1, 2020
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Woodside Petroleum Ltd

Revenue:
USD 4,873 million (2019)
Profit:
USD 382 million (2019)
Employees:
3,834 (2019)
GICS Industry Group:
Headquarters:
Perth, Western Australia, Australia
Founded:
26 July 1954
Current CEO:
Peter Coleman (30 May 2011–)
Parent:
This is the ultimate parent

Description

Woodside Petroleum Ltd (Woodside) is principally engaged in hydrocarbon exploration, evaluation, development, production and marketing. Woodside is the largest operator of oil and gas production in Australia, operating 6% of global liquified natural gas (LNG) supply in 2019, according to the company (Source: Annual Report 2019 page 4).

The company was founded in July 1954 as Woodside (Lakes Entrance) Oil Co NL, with an original focus on the Gippsland region in Victoria, Australia. Woodside now operates exploration, development, evaluation and production activities in Australia and other international regions including Canada, United States, Senegal, Republic of Korea, New Zealand, Myanmar, Cameroon, Gabon, Morocco and Ireland. For the year end 31 December 2019, the company's Asia geographic segment accounted for 91.01% (USD 4,435 million) of total revenue.

Woodside Petroleum Ltd is listed on the Australian Securities Exchange (ASX) under the code WPL.

In United States Dollars (USD)
In United States Dollars (USD)
In United States Dollars (USD)
No items found.

Operating Segments:

North West Shelf - The North West Shelf segment is engaged in the exploration, evaluation, development, production and sale of liquefied natural gas, pipeline natural gas, condensate and liquefied petroleum gas in assigned permit areas. For the year end 31 December 2019, the North West Shelf segment accounted for 45.76% (USD 2,230 million) of total revenue.

Pluto LNG - The Pluto LNG segment is engaged in the exploration, evaluation, development, production and sale of liquefied natural gas, pipeline natural gas and condensate in assigned permit areas. For the year end 31 December 2019, the Pluto LNG segment accounted for 28.30% (USD 1,379 million) of total revenue.

Australia Oil - The Australia Oil segment is engaged in the exploration, evaluation, development, production and sale of crude oil in assigned permit areas (North West Shelf, Greater Enfield and Vincent). For the year end 31 December 2019, the Australia Oil segment accounted for 13.89% (USD 677 million) of total revenue.

Wheatstone - The Wheatstone segment is engaged in the exploration, evaluation, development, production and sale of liquefied natural gas, pipeline natural gas and condensate in assigned permit areas. For the year end 31 December 2019, the Wheatstone segment accounted for 7.39% (USD 360 million) of total revenue.

Development - The development segment comprises exploration, evaluation and development of liquefied natural gas, crude oil and condensate in the Browse, Scarborough, Kitimat, Sunrise and Sangomar projects. For the year end 31 December 2019, the development segment accounted for 4.62% (USD 225 million) of total revenue.

Other segments - Other segments represent the trading and shipping activities and activities undertaken in other international locations. For the year end 31 December 2019, other segments accounted for 0.04% (USD 2 million) of total revenue.

Mergers and Acquisitions:

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