Sustainability of Woodside's Cost Base Isn't Clear -- Market Talk

Dow Jones

Jul 24, 2025

0349 GMT - Citi analyst Paul McTaggart isn't sure how much of Woodside Energy's stronger-than-expected 2Q cost performance can be repeated. He tells clients in a note that it isn't clear how much of the energy producer's lower cost base is due to structural changes, and how much relates to one-off factors. More positively, he points out that Woodside effectively upgraded its 2025 production guidance by 3% given the impact of the Greater Angostura divestment. Citi stays neutral on the stock while it waits on further news on Woodside's efforts to sell down its stake in its Louisiana LNG gas-export infrastructure. It raises the target price by 19% to A$25.50. Shares are up 1.1% to A$25.48. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 23, 2025 23:49 ET (03:49 GMT)

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He tells clients in a note that it isn't clear how much of the energy producer's lower cost base is due to structural changes, and how much relates to one-off factors. More positively, he points out that Woodside effectively upgraded its 2025 production guidance by 3% given the impact of the Greater Angostura divestment. Citi stays neutral on the stock while it waits on further news on Woodside's efforts to sell down its stake in its Louisiana LNG gas-export infrastructure. It raises the target price by 19% to A$25.50. Shares are up 1.1% to A$25.48. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 23, 2025 23:49 ET (03:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sustainability of Woodside's Cost Base Isn't Clear -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSustainability of Woodside's Cost Base Isn't Clear -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-24 11:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0349 GMT - Citi analyst Paul McTaggart isn't sure how much of <a href=\"https://laohu8.com/S/WDS.AU\">Woodside Energy</a>'s stronger-than-expected 2Q cost performance can be repeated. He tells clients in a note that it isn't clear how much of the energy producer's lower cost base is due to structural changes, and how much relates to one-off factors. More positively, he points out that Woodside effectively upgraded its 2025 production guidance by 3% given the impact of the Greater Angostura divestment. Citi stays neutral on the stock while it waits on further news on Woodside's efforts to sell down its stake in its Louisiana LNG gas-export infrastructure. It raises the target price by 19% to A$25.50. Shares are up 1.1% to A$25.48. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 23, 2025 23:49 ET (03:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WDS","symbol_name":"Woodside Energy Group Ltd","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2553278945","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2553278945","pubTimestamp":1753328940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0349 GMT - Citi analyst Paul McTaggart isn't sure how much of Woodside Energy's stronger-than-expected 2Q cost performance can be repeated. He tells clients in a note that it isn't clear how much of the energy producer's lower cost base is due to structural changes, and how much relates to one-off factors. More positively, he points out that Woodside effectively upgraded its 2025 production guidance by 3% given the impact of the Greater Angostura divestment. Citi stays neutral on the stock while it waits on further news on Woodside's efforts to sell down its stake in its Louisiana LNG gas-export infrastructure. It raises the target price by 19% to A$25.50. Shares are up 1.1% to A$25.48. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WDS":"Woodside Energy Group Ltd","BK4213":"石油与天然气的勘探与生产","BK7142":"石油与天然气的勘探与生产","WDS.AU":"WOODSIDE ENERGY GROUP LTD"},"translate_title":"伍德赛德成本基础的可持续性尚不清楚——市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WDS":0.9,"WDS.AU":0.9},"content_text":"0349 GMT - Citi analyst Paul McTaggart isn't sure how much of Woodside Energy's stronger-than-expected 2Q cost performance can be repeated. He tells clients in a note that it isn't clear how much of the energy producer's lower cost base is due to structural changes, and how much relates to one-off factors. More positively, he points out that Woodside effectively upgraded its 2025 production guidance by 3% given the impact of the Greater Angostura divestment. Citi stays neutral on the stock while it waits on further news on Woodside's efforts to sell down its stake in its Louisiana LNG gas-export infrastructure. It raises the target price by 19% to A$25.50. Shares are up 1.1% to A$25.48. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 23, 2025 23:49 ET (03:49 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}