Here’s how much Woodside (ASX:WDS) has gained in last one month

Published on November 25, 2022 01:05 PM AEDT

Image source: © Timonschneider | Megapixl.com

Highlights

The share price of Woodside Energy was quoted lower today (25 November 2022).

However, the shares have gained more than 6% in the last one month and have moved up almost 29% in the last six months.

The company has marked a record revenue of US$5,858 million in its September quarter, up 70% compared to 2022 second quarter.

Australia-based petroleum exploration and production giant Woodside Energy Group Ltd (ASX:WDS) was trading weak on the ASX today (25 November 2022).

The company announced on 24 November that it would invest up to AU$65 million over the upcoming five years to support community development in regional Western Australia. Also, on 23 November, WDS announced an AU$50 million commitment to the Resources Community Investment Initiative.

Meanwhile, the shares of Woodside Energy have gained 6.43% in the last one month of trading on the ASX. The shares have moved up 28.68% in the last six months and have gained 64.98% in the previous one year of trading on the ASX. On a year-to-date basis, WDS has appreciated its value by 65.64% on the ASX (as of 11:59 AM AEDT, 25 November 2022).

Why is WDS in the news lately?

Lending support to the regional communities, on 24 November 2022, Woodside Energy announced that it will invest up to AU$65 million in a duration of five years to enhance community development in regional areas of Western Australia.
Woodside CEO Meg O’Neil stated that the contribution would feature new opportunities along with advancing current partnerships in Karratha, Roebourne, Exmouth and Onslow communities.
On 23 November 2022, the company announced an AU$50 million commitment to the Resources Community Investment Initiative. Premier Mark McGowan announced the initiative on the same day.
In 2023, Woodside claimed, its community partnerships will focus on areas of need, with education, youth, local business and NGOs, infrastructure, health, and housing being the key areas.
On 20 October 2022, the company shared its third quarter report for the period ended 30 September 2022. During the period, WDS delivered a record production, up 52% from Q2 2022. The sales volume went up 59%; revenue surged 70% from Q2 2022. The company achieved a portfolio average realised price of US$102 per barrel of oil equivalent and sold 24% of produced LNG at prices linked to gas hub indices. WDS also upgraded full-year 2022 production guidance to 153 – 157 MMboe.

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