EXPLORATION

Woodside to pay 50% more of its Northern Endeavour levy

WOODSIDE Energy Group’s merger with BHP’s petroleum arm which completed yesterday has doubled its production and shares on issue. Its market cap today is a huge $57 billion and it has joined the New York Stock Exchange as of this afternoon and joins the London Stock Exchange tomorrow. 

The Northern Endeavour in better times

The Northern Endeavour in better times

It also adds BHP's share of a decommissioning levy to the books.    Woodside has doubled its production profile to around 200 million barrels of oil equivalent per annum, and another 50MMboe will come...

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