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Highlights
WDS trades on a high fully franked dividend yield with recent momentum
Recent environmental approval supported renewed interest in the stock
Strong quarterly results reported amid global energy market strength
Woodside Energy Group Ltd (ASX:WDS) operates within the energy sector and is a key component of the S&P/ASX 200 Index, as well as part of the ASX 20 and ASX 50. The company engages in the exploration, development, production, and sale of hydrocarbons such as liquefied natural gas and crude oil.
WDS shares were actively trading higher following the previous trading session closure, reflecting renewed interest from market participants. The broader ASX 200 was up slightly in morning trade while WDS outpaced the index, adding to its recent upward momentum.
Recent Trading Activity and Dividend Yield
The energy group's shares have gained traction after a subdued performance over the previous months. Although WDS recorded a decline over the past year, the recent rebound since early April has caught attention. WDS is currently trading on a fully franked dividend yield that remains among the higher figures on the ASX.
This elevated yield, combined with recent gains in the share price, has drawn attention to the company within income-focused segments of the market. The dividend yield remains attractive when viewed in the context of broader energy sector performance.
Environmental Approval for North West Shelf
Late May saw a key development in the form of proposed environmental approval for an extension of the North West Shelf gas project. This was a long-awaited regulatory decision following years of preparation. The announcement was welcomed by WDS and was accompanied by statements highlighting the project’s economic contribution and operational history.
The North West Shelf project has long played a significant role in Australia’s resource export infrastructure. The proposed extension is expected to secure continued operations and the economic contributions tied to the project’s activities.
Quarterly Performance and Revenue Growth
WDS also reported a robust first quarter for the current fiscal year. The results showed year-on-year improvement in revenue, supported by project development milestones and ongoing global demand for hydrocarbons. This performance was driven by broader economic reopening and increased consumption of oil and gas.
The first-quarter performance included updates on major assets and forward development plans, aligning with global trends in LNG and oil consumption. The strong output across its portfolio of projects helped support the top-line figures.
Sector Support and Share Movement
Energy stocks within the ASX 200 index have experienced renewed interest as oil and gas demand remain resilient in key global markets. WDS has been a beneficiary of this trend. Recent upward momentum in WDS shares reflects the broader sentiment shift toward the energy sector amid positive corporate updates and stabilizing commodity prices.
Although WDS had trailed the broader index earlier, the share's performance since early April indicates regained attention from market watchers. Key developments such as regulatory progress and performance reporting have added to the recent movement.
Project History and Future Operations
The North West Shelf, which has been operating for several decades, has contributed significantly to government revenues through royalties and taxes. With the new proposed approval, WDS expects to maintain its operations and continue servicing both domestic and international clients.
This continuity supports WDS’s positioning within the Australian energy sector and its role in international LNG supply. The approval represents a major milestone in the company’s long-term operational.
