2257 GMT - Woodside Energy has had a good week, Morgans says as it turns more bullish on its stock. Woodside's 3Q update was strong, headlined by a 10% revenue beat. Woodside then agreed to an investment by Williams in its $17.5 billion Louisiana LNG project. "Given the magnitude of execution risk Woodside faces at Louisiana, we appreciate the strategy to de-risk infrastructure and feedgas delivery," Morgans says. Woodside is selling a 10% interest in the holding company of Louisiana LNG to Williams, and an 80% stake in the company that owns the pipeline that will run to the facility. "To form a view on the value of the Williams deal we need to gain a better grasp of the pipeline agreement, with the two deals obviously indirectly linked," Morgans adds. It upgrades Woodside to buy, from accumulate. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 23, 2025 18:57 ET (22:57 GMT)

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