Woodside Energy’s $1.5 Billion Impairment Stirs Concerns

February 15, 2024
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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Woodside Energy expects to book non-cash post-tax asset impairment charges of $1.5 billion for its 2023 fiscal year, mostly due to impairment for the Shenzi field in the Gulf of Mexico, which Australia’s top energy company bought as part of the merger with BHP’s petroleum assets in 2022. Of the expected $1.5 billion impairments, about $1.2 billion is related to the Shenzi oil and gas field offshore Louisiana, which accounted for around 5% of Woodside’s production in 2023, the company said in a statement on Thursday. …

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

Woodside Energy’s $1.5 Billion Impairment Stirs Concerns

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