ENP Newswire -
Release date- 20022014 - Strong production from Woodside's base business helped the company achieve a reported net profit after tax of
This profit result was underpinned by record annual production of 87 million barrels of oil equivalent (MMboe), up 2.5% on the previous year (84.9 MMboe) and supported by a full year of production from Pluto LNG.
Reported NPAT of
A record final dividend of US103 cents per share, up 58% on the 2012 final dividend.
Record full year dividends of US249 cents per share up 92% on 2012. The 2013 dividend total is a record annual dividend and a result of Woodside's strong financial position.
Net debt of
Gearing of 9%, down from 11% at the end of 2012 with available funds of
2013 Investment Expenditure of
'In 2013 we made disciplined investment decisions, including our decision not to proceed with the
Impairments to some mature oil assets also affected the result. 'We have generated
Woodside reaffirmed its 2014 production target range of 86 to 93 MMboe.
2013 Key Business Achievements
Record Production of 87 MMboe, in line with mid-year guidance.
On track to a target of top quartile safety performance by 2017 with Total Recordable Injury Rate per million hours worked of 3.00 for 2013.
Safe start-up of the
Reliability of Pluto LNG, which produced its 100th cargo just after year-end.
Restart of the Vincent Floating, Production, Storage and Offloading Vessel in late November.
Value-focused investment decision making, including the decision not to proceed with the
Browse Joint Venture entered basis of design phase for Floating LNG development concept.
Pursued new international opportunities in
Increased shipping capacity and established trading office in Singapore.
Woodside's credit ratings were reaffirmed (Standard & Poor's: BBB+; Moody's: Baa1) and Standard & Poor's outlook changed to positive.
Entered a Memorandum of Understanding (MoU) with the Leviathan Joint Venture participants (subsequent to year end). The MoU provides a framework to negotiate the acquisition of a 25% participating interest in the Leviathan field.
Sustainable Development Report
Woodside's 2013 Sustainable Development Report will be released to the ASX in March and available on the Woodside website (www.woodside.com.au) thereafter.
Annual General Meeting
Tel: +61 8 9348 4532
Mobile: +61 410 884 178
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