It’s the uprising that started with just more than 300 votes, but the impact could push oil and gas businesses to exit the ASX. Inside the shareholder battle at Australia’s largest energy company.
Matt Mckenzie & Sean Smith
Gold has surged close to a new record and oil prices have jumped on concerns over the potential for a wider regional conflict that could endanger crude supplies.
Yongchang Chin, Sybilla Gross and Winnie Zhu
Problems at Pluto and easing LNG prices have driven Woodside Energy’s revenue down 12 per cent to $US2.97 billion ($4.6b) in the March quarter.
Matt Mckenzie
Annual profit from the local arm of the global energy giant fell to just under $1 billion after the impact of lower oil and gas prices were exacerbated by nearly $2b of writedowns on its WA assets.
Sean Smith
A large British investment fund has pledged to vote Richard Goyder off the board of Woodside Energy, as the company he chairs fights off climate criticism.
Engineering firm Wood has been selected to develop plans for Woodside Energy’s Sunrise LNG development off the coast of Timor-Leste.
High local gas prices risk “deindustrialisation” of Western Australia, a manufacturing executive has told an inquiry of State Parliament.
Woodside chair Richard Goyder says shareholders would be hit hard by a rapid shake-up of the company's strategy as he fights off an insurrection.
Oil prices could soar to $US100 per barrel and beyond, said market watchers, after Iran mounted an aerial attack against Israel reigniting fears of a regional war.
Lee Ying Shan
Hundreds of mining lease applications have piled up at the State regulator, sparking concerns the logjam could choke WA’s pipeline of investment.
HOTT: Adelaide-based Santos this week cast itself in the pre-COVID era by not offering its loyal investors the opportunity to tune into its annual meeting via the internet.
Woodside has pulled plans to sell its stakes in two oil and gas fields off Western Australia’s coast, saying it would be disciplined on deals.
The Australian Shareholders Association has backed in Woodside chair Richard Goyder as he fights off an onslaught from a key proxy advisory and activist investors.
The controversial arossa gas project off the coast of the Northern Territory’s Tiwi Islands is now more than 70 per cent complete, according to Santos boss Kevin Gallagher.
Adrian Rauso & Jacob Shteyman
Energy company Santos faces a protest vote from shareholder activists against its gas expansion plans and remuneration report at its annual general meeting.
Jacob Shteyman
A shareholder group targeting “heavy emitting companies” has claimed dissent against Woodside chair Richard Goyder is widespread, after an influential proxy advisory called for his head last week.
Woodside says CGI Glass Lewis relied on green activist investors when the influential proxy firm declared last week that the company’s chair Richard Goyder should be sent packing.
Independent research presents stark options for Australia's gas producers as shareholders get set to scrutinise Santos and Woodside Energy on expansion plans.
Marion Rae
Shares in Beach Energy have dropped 15 per cent on Monday after the company revealed the Waitsia gas project has been delayed and will now cost up to $1.3 billion.
Australia’s biggest LNG exporter paid $US5.2b in dividends last year despite a lower profit, and has already returned $US758m in 2024.
Shell said its earnings from gas trading dropped in the first quarter, but remain high by historical standards.
James Herron
The oil and gas company chair has questioned the logic behind CGI Glass Lewis’ recommendation that shareholders vote against his re-election.
Senegal’s new president has stepped in to reassure Woodside Energy amid concerns a shake-up of resources policy could hit the $US 5 billion Sangomar oil project.
Santos is looking to recoup costs from the failed bid to block its Barossa offshore gas project, in a move that could lift the lid on some of the Environmental Defenders Office’s mysterious backers.
Adrian Rauso