Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Woodside Petroleum Limited    WPL   AU000000WPL2

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Woodside Petroleum Takes Up To US$140 Million Impairment

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/18/2013 | 02:24am CEST
   By Ross Kelly 
 

SYDNEY--Woodside Petroleum Ltd. (>> Woodside Petroleum Limited) said Thursday that early design work on projects that were never built will shave up to US$140 million from its first-half profit.

Australia's second-biggest oil company by output behind BHP Billiton Ltd. (>> BHP Billiton Limited) said it expects to book an impairment charge of between US$120 million and US$140 million for the six months to June 30. Last year, Woodside booked a first-half profit of US$812 million.

The blow is partly related to the cost of early design work on an expansion of its Pluto gas-export plant in Western Australia state, which was later put on ice after Woodside failed to enough gas in an expensive drilling campaign.

Costs associated with planning the development of the Laverda oil discovery, also offshore Western Australia, contributed to the writedown, Woodside said.

Separately, the company said oil production fell 0.6% to 20 million barrels of oil equivalent in the three months to June 30. Quarterly revenue fell 6% to US$1.35 billion due to a longer-than-expected shutdown of its Vincent oil production facility.

Write to Ross Kelly at [email protected]

Stocks mentioned in the article : Woodside Petroleum Limited, BHP Billiton Limited
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WOODSIDE PETROLEUM LIMITED
09/11 ExxonMobil slashes LNG price to India in bad omen for producers
09/07 WOODSIDE PETROLEUM : 07.09.2017 Appendix 3Y (Non-Executive Directors)
09/06 WOODSIDE PETROLEUM : Finder Farms out WA-520-P in the Carnarvon Basin to Woodsid..
08/29 WOODSIDE PETROLEUM : 29.08.2017 Notification of Dividend Update
08/24 WOODSIDE PETROLEUM LIMITED : ex-dividend day for interim dividend
08/22 WOODSIDE PETROLEUM : 22.08.2017 Woodside Petroleum in battery breakthrough
08/17 WOODSIDE PETROLEUM : 16.08.2017 Half-Year 2017 Results - Teleconference
08/16DJWoodside Looks for Headway on Stalled Browse LNG Project
08/15DJWoodside First-Half Profit Jumps 49% on Higher Prices
08/15 WOODSIDE PETROLEUM : 15.08.2017 Opinion - Robots and AI will create, not take, j..
More news
News from SeekingAlpha
08/16 Woodside Petroleum's (WOPEF) CEO Peter Coleman Q2 2017 Results - Earnings Cal..
08/16 Woodside Petroleum reports 1H results
07/20 Woodside Petroleum Ltd. ADR reports Q2 results
05/31 Woodside Petroleum (WOPEF) Investor Presentation - Slideshow
05/31 Double Digit Opportunities Coming In Oil
Financials ($)
Sales 2017 3 845 M
EBIT 2017 1 609 M
Net income 2017 999 M
Debt 2017 4 834 M
Yield 2017 4,22%
P/E ratio 2017 18,96
P/E ratio 2018 18,33
EV / Sales 2017 6,23x
EV / Sales 2018 5,57x
Capitalization 19 125 M
Chart WOODSIDE PETROLEUM LIMITED
Duration : Period :
Woodside Petroleum Limited Technical Analysis Chart | WPL | AU000000WPL2 | 4-Traders
Technical analysis trends WOODSIDE PETROLEUM LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 23,9 $
Spread / Average Target 4,7%
EPS Revisions
Managers
NameTitle
Peter John Coleman Chief Executive Officer, MD & Executive Director
Richard J. B. Goyder Chairman
Michael Utsler Chief Operating Officer
Lawrence John Tremaine Chief Financial Officer & Executive Vice President
Shaun Gregory Chief Technology Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
WOODSIDE PETROLEUM LIMITED-8.86%19 125
CONOCOPHILLIPS-7.24%57 306
CNOOC LTD-1.66%54 213
EOG RESOURCES INC-7.79%53 732
OCCIDENTAL PETROLEUM CORPORATION-13.87%47 251
CANADIAN NATURAL RESOURCES LIMITED-5.75%39 792