Pluto sees Woodside post record

With Pluto having been online for 18 months now, the teething issues seen in the first few months have been completely ironed out, and has seen WPL experience its first full six month reporting period without disruptions. 

Oil pump
Source: Bloomberg

Key findings

- Record numbers on the top and bottom line – in-line with estimates
- Record prices and project consistency increasing
- Is it all priced in as dividend

The Vincent and the NWS assets have also seen improved reliability, seeing production hit a record 46.5 million barrels of oil equivalent (Mmboe), backing the previous upping of the full-year estimates to 89 to 93 Mmboe. This, from a production point of view, is very pleasing and shows WPL’s new strategic direction of being a stable producer with high shareholder returns is likely to be maintained in the near term.

Read Evan Lucas' exlusive breakdown of WPL's results using his Equity Matrix.


Net profit

Half-year div


US$1.13 billion


US$1.13 billion


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