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7 Feb 2024 07:00
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
Wednesday, 7 February 2024
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Woodside concludes discussions with Santos
Woodside has ceased discussions regarding a potential merger with Santos Ltd.
As a global energy company, Woodside continuously assesses a range of organic and inorganic growth opportunities.
Woodside CEO Meg O'Neill said that for every opportunity Woodside assesses, it conducts thorough due diligence, and will only pursue a transaction that is value accretive for its shareholders.
"We continue to be disciplined in our approach to mergers and acquisitions and capital management to create and deliver value for shareholders. While the discussions with Santos did not result in a transaction, Woodside considers that the global LNG sector provides significant potential for value creation.
"Woodside's world-class global portfolio, growth pipeline and strong balance sheet underpin our attractive investment proposition for Australian and global investors."
Contacts:
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INVESTORS
Marcela Louzada M: +61 456 994 243 E: investor@woodside.com | MEDIA
Christine Forster M: +61 484 112 469 E: christine.forster@woodside.com
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This announcement was approved and authorised for release by Woodside's Disclosure Committee.
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