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Woodside Petroleum

ASX:WPL
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WPL
ASX
A$33B
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

Woodside Petroleum Ltd engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons in Oceania, Asia, Canada, Africa, and internationally. The last earnings update was 33 days ago. More info.


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WPL Share Price and Events
7 Day Returns
1.7%
ASX:WPL
-0.1%
AU Oil and Gas
-0.4%
AU Market
1 Year Returns
21.7%
ASX:WPL
13.4%
AU Oil and Gas
2.1%
AU Market
WPL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Woodside Petroleum (WPL) 1.7% -2.2% 14.7% 21.7% 29.9% -8.7%
AU Oil and Gas -0.1% 0.9% 12% 13.4% 38.7% -34.6%
AU Market -0.4% 1.4% 8.5% 2.1% 18% 5.2%
1 Year Return vs Industry and Market
  • WPL outperformed the Oil and Gas industry which returned 13.4% over the past year.
  • WPL outperformed the Market in Australia which returned 2.1% over the past year.
Price Volatility
WPL
Industry
5yr Volatility vs Market

Value

 Is Woodside Petroleum undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Woodside Petroleum to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Woodside Petroleum.

ASX:WPL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:WPL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.94 (1 + (1- 30%) (17.39%))
1.037
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.037 * 5.96%)
8.49%

Discounted Cash Flow Calculation for ASX:WPL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Woodside Petroleum is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:WPL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.49%)
2019 1,687.96 Analyst x5 1,555.84
2020 3,442.67 Analyst x3 2,924.85
2021 3,210.36 Analyst x3 2,514.00
2022 3,075.58 Est @ -4.2% 2,219.95
2023 3,006.53 Est @ -2.25% 2,000.25
2024 2,980.13 Est @ -0.88% 1,827.50
2025 2,982.49 Est @ 0.08% 1,685.80
2026 3,004.82 Est @ 0.75% 1,565.49
2027 3,041.42 Est @ 1.22% 1,460.53
2028 3,088.44 Est @ 1.55% 1,367.03
Present value of next 10 years cash flows $19,121.22
ASX:WPL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $3,088.44 × (1 + 2.31%) ÷ (8.49% – 2.31%)
$51,133.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $51,133.23 ÷ (1 + 8.49%)10
$22,632.94
ASX:WPL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $19,121.22 + $22,632.94
$41,754.16
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $41,754.16 / 936.15
$44.6
ASX:WPL Discount to Share Price
Calculation Result
Exchange Rate USD/AUD
(Reporting currency to currency of ASX:WPL)
1.412
Value per Share
(AUD)
= Value per Share in USD x Exchange Rate (USD/AUD)
= $44.6 x 1.412
A$62.96
Value per share (AUD) From above. A$62.96
Current discount Discount to share price of A$35.28
= -1 x (A$35.28 - A$62.96) / A$62.96
44%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Woodside Petroleum is available for.
Intrinsic value
44%
Share price is A$35.28 vs Future cash flow value of A$62.96
Current Discount Checks
For Woodside Petroleum to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Woodside Petroleum's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Woodside Petroleum's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Woodside Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Woodside Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:WPL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.48
ASX:WPL Share Price ** ASX (2019-03-18) in AUD A$35.28
ASX:WPL Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.708 $24.99
Australia Oil and Gas Industry PE Ratio Median Figure of 22 Publicly-Listed Oil and Gas Companies 9.64x
Australia Market PE Ratio Median Figure of 543 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Woodside Petroleum.

ASX:WPL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:WPL Share Price ÷ EPS (both in USD)

= 24.99 ÷ 1.48

16.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Woodside Petroleum is overvalued based on earnings compared to the AU Oil and Gas industry average.
  • Woodside Petroleum is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Woodside Petroleum's expected growth come at a high price?
Raw Data
ASX:WPL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
7.7%per year
Australia Oil and Gas Industry PEG Ratio Median Figure of 17 Publicly-Listed Oil and Gas Companies -0x
Australia Market PEG Ratio Median Figure of 362 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

ASX:WPL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.88x ÷ 7.7%

2.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Woodside Petroleum is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Woodside Petroleum's assets?
Raw Data
ASX:WPL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $18.68
ASX:WPL Share Price * ASX (2019-03-18) in AUD A$35.28
ASX:WPL Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.708 $24.99
Australia Oil and Gas Industry PB Ratio Median Figure of 144 Publicly-Listed Oil and Gas Companies 1.16x
Australia Market PB Ratio Median Figure of 1,670 Publicly-Listed Companies 1.67x
ASX:WPL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:WPL Share Price ÷ Book Value per Share (both in USD)

= 24.99 ÷ 18.68

1.34x

* Primary Listing of Woodside Petroleum.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Woodside Petroleum is overvalued based on assets compared to the AU Oil and Gas industry average.
X
Value checks
We assess Woodside Petroleum's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Woodside Petroleum has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Woodside Petroleum expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Woodside Petroleum expected to grow at an attractive rate?
  • Woodside Petroleum's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Woodside Petroleum's earnings growth is expected to exceed the Australia market average.
  • Woodside Petroleum's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:WPL Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:WPL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 7.7%
ASX:WPL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 2.8%
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.4%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:WPL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:WPL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 3,782 1,850
2022-12-31 5,431 3,643 1,728 1
2021-12-31 5,630 3,786 1,848 7
2020-12-31 5,431 3,672 1,775 10
2019-12-31 4,876 3,249 1,583 10
ASX:WPL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 5,240 3,296 1,364
2018-09-30 4,863 3,001 1,232
2018-06-30 4,419 2,705 1,054
2018-03-31 4,164 2,553 1,039
2017-12-31 3,975 2,400 1,069
2017-09-30 3,995 2,511 1,054
2017-06-30 4,014 2,621 1,039
2017-03-31 4,045 2,604 954
2016-12-31 4,075 2,587 868
2016-09-30 4,244 2,590 278
2016-06-30 4,412 2,593 -313
2016-03-31 4,721 2,534 -144

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Woodside Petroleum's earnings are expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).
  • Woodside Petroleum's revenue is expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:WPL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Woodside Petroleum Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:WPL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.98 1.98 1.98 1.00
2022-12-31 1.85 1.87 1.83 2.00
2021-12-31 1.97 2.44 1.44 8.00
2020-12-31 1.88 2.51 1.37 11.00
2019-12-31 1.68 2.19 1.26 11.00
ASX:WPL Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.48
2018-09-30 1.36
2018-06-30 1.22
2018-03-31 1.22
2017-12-31 1.23
2017-09-30 1.23
2017-06-30 1.22
2017-03-31 1.13
2016-12-31 1.04
2016-09-30 0.33
2016-06-30 -0.38
2016-03-31 -0.17

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Woodside Petroleum is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Woodside Petroleum's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Woodside Petroleum has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Woodside Petroleum performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Woodside Petroleum's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Woodside Petroleum's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Woodside Petroleum's 1-year earnings growth exceeds its 5-year average (27.6% vs -17.2%)
  • Woodside Petroleum's earnings growth has exceeded the AU Oil and Gas industry average in the past year (27.6% vs 12.9%).
Earnings and Revenue History
Woodside Petroleum's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Woodside Petroleum Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:WPL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5,240.00 1,364.00 236.00
2018-09-30 4,863.00 1,231.50 243.50
2018-06-30 4,419.00 1,054.00 251.00
2018-03-31 4,163.50 1,039.00 234.50
2017-12-31 3,975.00 1,069.00 218.00
2017-09-30 3,994.50 1,054.00 228.00
2017-06-30 4,014.00 1,039.00 238.00
2017-03-31 4,044.50 953.50 293.50
2016-12-31 4,075.00 868.00 349.00
2016-09-30 4,243.50 277.50 341.00
2016-06-30 4,412.00 -313.00 333.00
2016-03-31 4,721.00 -143.50 305.00
2015-12-31 5,030.00 26.00 277.00
2015-09-30 5,735.00 1,007.00 341.00
2015-06-30 6,440.00 1,988.00 405.00
2015-03-31 6,937.50 2,201.00 423.50
2014-12-31 7,435.00 2,414.00 442.00
2014-09-30 7,027.50 2,197.50 419.50
2014-06-30 6,620.00 1,981.00 397.00
2014-03-31 6,273.00 1,865.00 420.50
2013-12-31 5,926.00 1,749.00 444.00
2013-09-30 6,238.00 2,396.50 444.50
2013-06-30 6,550.00 3,044.00 445.00
2013-03-31 6,449.00 3,013.50 449.00
2012-12-31 6,348.00 2,983.00 453.00
2012-09-30 5,776.00 2,237.00 702.50
2012-06-30 5,204.00 1,491.00 952.00
2012-03-31 5,003.00 1,499.00 902.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Woodside Petroleum has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Woodside Petroleum used its assets less efficiently than the AU Oil and Gas industry average last year based on Return on Assets.
  • Woodside Petroleum has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Woodside Petroleum's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Woodside Petroleum has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Woodside Petroleum's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Woodside Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Woodside Petroleum is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Woodside Petroleum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Woodside Petroleum's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Woodside Petroleum Company Filings, last reported 2 months ago.

ASX:WPL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 18,322.00 4,071.00 1,728.00
2018-09-30 18,322.00 4,071.00 1,728.00
2018-06-30 18,016.00 4,106.00 1,147.00
2018-03-31 18,016.00 4,106.00 1,147.00
2017-12-31 15,911.00 5,065.00 392.00
2017-09-30 15,911.00 5,065.00 392.00
2017-06-30 15,769.00 5,044.00 299.00
2017-03-31 15,769.00 5,044.00 299.00
2016-12-31 15,662.00 4,973.00 285.00
2016-09-30 15,662.00 4,973.00 285.00
2016-06-30 15,415.00 4,522.00 269.00
2016-03-31 15,415.00 4,522.00 269.00
2015-12-31 15,025.00 4,441.00 122.00
2015-09-30 15,025.00 4,441.00 122.00
2015-06-30 16,236.00 3,971.00 155.00
2015-03-31 16,236.00 3,971.00 155.00
2014-12-31 16,659.00 2,586.00 3,268.00
2014-09-30 16,659.00 2,586.00 3,268.00
2014-06-30 16,276.00 3,326.00 2,703.00
2014-03-31 16,276.00 3,326.00 2,703.00
2013-12-31 15,958.00 3,830.00 2,223.00
2013-09-30 15,958.00 3,830.00 2,223.00
2013-06-30 15,698.00 4,158.00 1,827.00
2013-03-31 15,698.00 4,158.00 1,827.00
2012-12-31 15,827.00 4,534.00 2,432.00
2012-09-30 15,827.00 4,534.00 2,432.00
2012-06-30 14,131.00 5,726.00 611.00
2012-03-31 14,131.00 5,726.00 611.00
  • Woodside Petroleum's level of debt (22.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (24% vs 22.2% today).
  • Debt is well covered by operating cash flow (81%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.3x coverage).
X
Financial health checks
We assess Woodside Petroleum's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Woodside Petroleum has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Woodside Petroleum's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.28%
Current annual income from Woodside Petroleum dividends. Estimated to be 5.58% next year.
If you bought A$2,000 of Woodside Petroleum shares you are expected to receive A$146 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Woodside Petroleum's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.58%).
  • Woodside Petroleum's dividend is above the markets top 25% of dividend payers in Australia (5.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:WPL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
Australia Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 4.5%
Australia Market Average Dividend Yield Market Cap Weighted Average of 418 Stocks 4.4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:WPL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.63 2.00
2022-12-31 1.46 3.00
2021-12-31 1.38 12.00
2020-12-31 1.43 16.00
2019-12-31 1.33 16.00
ASX:WPL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-13 1.820 7.176
2018-08-14 1.060 4.309
2018-02-13 0.980 4.001
2017-08-15 0.980 4.054
2017-02-21 0.830 3.508
2016-08-18 0.680 3.024
2016-02-16 1.090 5.437
2015-08-18 2.100 10.169
2015-02-17 2.880 10.754
2014-08-19 2.220 6.812
2014-02-18 2.060 5.478
2013-04-22 1.660 4.750
2013-02-19 1.300 3.458
2012-08-22 1.300 3.623
2012-02-21 1.100 3.189
2011-08-17 1.100 3.165
2011-02-21 1.100 2.456
2010-02-24 0.897 2.530
2009-08-19 0.908 2.297
2009-03-19 0.919 3.249

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Woodside Petroleum's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Woodside Petroleum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Woodside Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Woodside Petroleum has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Woodside Petroleum's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Peter Coleman
COMPENSATION $6,538,962
AGE 58
TENURE AS CEO 7.8 years
CEO Bio

Mr. Peter John Coleman, BEng, MBA, FTSE, serves as the Chief Executive Officer and Managing Director of Woodside Energy Ltd. Mr. Coleman has been the Chief Executive Officer and Managing Director of Woodside Petroleum Ltd since May 30, 2011. Mr. Coleman has more than thirty years in the global oil and gas business, including twenty seven years’ experience with the ExxonMobil group, where he has filled a variety of roles in Australia, Africa, Asia and the United States. He served as a Vice-President of ExxonMobil Development Company (Houston) since 2010 with responsibility for the development and project work in the Asia-Pacific region. He appointed an Adjunct Professor in Corporate Strategy by the University of Western Australia in 2012. He served as Vice-President Americas, ExxonMobil (Houston) since 2008 and was responsible for leadership of all activities related to production business in the USA, Canada and South America. He joined ExxonMobil from its Australian subsidiary Esso related to production business in the USA, Canada and South America. Since 2004, he served as Senior Vice President of ExxonMobil Indonesia, then later served as its President and General Manager. Mr. Coleman was responsible for asset management including onshore and offshore gas fields, in addition to PT Arun LNG facilities. He served as Production Operations Manager of Onshore and Offshore Operations at Esso Australia since 2004; Oso Restoration Executive at Mobil Nigeria (Eket) since 2003; Drilling Engineer of Esso Australia since 1984 and Manager of Strategic Planning and Business Analysis, ExxonMobil Production Co. (Houston) since 2001. He held various engineering and operating positions, Esso Australia since 1986. Mr. Coleman has been an Executive Director of Woodside Petroleum Ltd and Woodside Energy Ltd. since May 2011. He serves as a Director of Woodside Finance Limited. He has been Member of The University of Western Australia Business School Board since 2011. He is member of Australia-India Chief Executive Officers’ (CEO) Forum and Monash Engineering Foundation. He is Chairman of the Board at Australia–Korea Foundation since 2014. He is a Director at Business Council of Australia since 2017. He is a Member of Australian Institute of Company Directors since 2011. He is an Adviser at Monash Industry Council. He holds Bachelor of Engineering in Civil and Computing, Monash University, Melbourne Australia; and Master of Business Administration, Deakin University, Melbourne Australia.

CEO Compensation
  • Peter's compensation has been consistent with company performance over the past year.
  • Peter's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Woodside Petroleum management team in years:

4.7
Average Tenure
  • The tenure for the Woodside Petroleum management team is about average.
Management Team

Peter Coleman

TITLE
CEO, MD & Executive Director
COMPENSATION
$7M
AGE
58
TENURE
7.8 yrs

Sherry Duhe

TITLE
Executive VP & CFO
COMPENSATION
$1M

Meg O’Neill

TITLE
Executive VP & COO
COMPENSATION
$3M
TENURE
0.8 yrs

Shaun Gregory

TITLE
Executive VP of Exploration & CTO
COMPENSATION
$1M
TENURE
3.2 yrs

Reinhardt Matisons

TITLE
Executive Vice President of Marketing
COMPENSATION
$985K
TENURE
5.2 yrs

Michael Abbott

TITLE
Senior Vice President of Corporate & Legal
COMPENSATION
$910K
TENURE
4.3 yrs

Robert Edwardes

TITLE
Executive Vice President of Development
COMPENSATION
$2M
TENURE
6.8 yrs

Andrew Cox

TITLE
VP of Legal
TENURE
1.8 yrs

Jacky Connolly

TITLE
Vice President of People & Global Capability

Warren Baillie

TITLE
Company Secretary
TENURE
7.1 yrs
Board of Directors Tenure

Average tenure and age of the Woodside Petroleum board of directors in years:

5.2
Average Tenure
60
Average Age
  • The tenure for the Woodside Petroleum board of directors is about average.
Board of Directors

Richard James Goyder

TITLE
Chairman of the Board
COMPENSATION
$465K
AGE
58
TENURE
0.9 yrs

Peter Coleman

TITLE
CEO, MD & Executive Director
COMPENSATION
$7M
AGE
58
TENURE
7.8 yrs

Melinda Cilento

TITLE
Independent Non-Executive Director
COMPENSATION
$234K
AGE
52
TENURE
10.3 yrs

Frank Cooper

TITLE
Independent Non-Executive Director
COMPENSATION
$240K
AGE
62
TENURE
6.1 yrs

Chris Haynes

TITLE
Independent Non-Executive Director
COMPENSATION
$216K
AGE
71
TENURE
7.8 yrs

Sarah Ryan

TITLE
Independent Non-Executive Director
COMPENSATION
$216K
AGE
52
TENURE
6.3 yrs

Gene Tilbrook

TITLE
Independent Non-Executive Director
COMPENSATION
$217K
AGE
65
TENURE
4.3 yrs

Ann Pickard

TITLE
Non-Executive Director
COMPENSATION
$233K
AGE
63
TENURE
3.1 yrs

Ian MacFarlane

TITLE
Independent Non-Executive Director
COMPENSATION
$214K
TENURE
2.3 yrs

Larry Archibald

TITLE
Independent Non-Executive Director
COMPENSATION
$216K
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Woodside Petroleum insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
06. Mar 19 Buy Ian MacFarlane Individual 28. Feb 19 28. Feb 19 638 A$36.24 A$23,121
06. Mar 19 Buy Christopher Haynes Individual 28. Feb 19 28. Feb 19 611 A$36.24 A$22,143
06. Mar 19 Buy Lawrence Archibald Individual 28. Feb 19 28. Feb 19 713 A$36.24 A$25,839
06. Mar 19 Buy Melinda Cilento Individual 28. Feb 19 28. Feb 19 522 A$36.24 A$18,917
06. Mar 19 Buy Sarah Ryan Individual 28. Feb 19 28. Feb 19 545 A$36.24 A$19,751
06. Mar 19 Buy Ann Pickard Individual 28. Feb 19 28. Feb 19 761 A$36.24 A$27,579
06. Mar 19 Buy Frank Cooper Individual 28. Feb 19 28. Feb 19 626 A$36.24 A$22,686
06. Mar 19 Buy Richard James Goyder Individual 01. Mar 19 01. Mar 19 8,000 A$35.80 A$286,400
06. Sep 18 Buy Ian MacFarlane Individual 31. Aug 18 31. Aug 18 533 A$37.05 A$19,748
06. Sep 18 Buy Christopher Haynes Individual 31. Aug 18 31. Aug 18 598 A$37.05 A$22,156
06. Sep 18 Buy Lawrence Archibald Individual 31. Aug 18 31. Aug 18 598 A$37.05 A$22,156
06. Sep 18 Buy Melinda Cilento Individual 31. Aug 18 31. Aug 18 510 A$37.05 A$18,895
06. Sep 18 Buy Sarah Ryan Individual 31. Aug 18 31. Aug 18 533 A$37.05 A$19,748
06. Sep 18 Buy Ann Pickard Individual 31. Aug 18 31. Aug 18 637 A$37.05 A$23,601
06. Sep 18 Buy Frank Cooper Individual 31. Aug 18 31. Aug 18 612 A$37.05 A$22,675
14. Jun 18 Sell The Vanguard Group, Inc. Company 01. Jun 18 07. Jun 18 -16,111 A$32.25 A$-56,929
14. Jun 18 Buy The Vanguard Group, Inc. Company 01. Jun 18 12. Jun 18 330,052 A$33.87 A$0
04. Jun 18 Sell The Vanguard Group, Inc. Company 31. May 18 31. May 18 -192,283 A$32.40 A$-6,229,969
04. Jun 18 Buy The Vanguard Group, Inc. Company 31. May 18 31. May 18 34,982 A$32.41 A$1,129,188
03. Jun 18 Sell The Vanguard Group, Inc. Company 01. Feb 18 30. May 18 -515,006 A$34.29 A$-17,561,412
03. Jun 18 Buy The Vanguard Group, Inc. Company 30. Jan 18 30. May 18 6,284,138 A$34.45 A$216,146,676
X
Management checks
We assess Woodside Petroleum's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Woodside Petroleum has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

An Examination Of Woodside Petroleum Ltd (ASX:WPL)

I've been keeping an eye on Woodside Petroleum Ltd (ASX:WPL) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe WPL has a lot to offer. … that has been able to sustain great financial health over the past

Simply Wall St -

Woodside Petroleum Ltd (ASX:WPL): Is It A Smart Long Term Opportunity?

As Woodside Petroleum Ltd (ASX:WPL) announced its earnings release on 31 December 2018, … analyst consensus outlook appear cautiously optimistic, … the past 5-year average growth rate of -17%.

Simply Wall St -

Need To Know: Woodside Petroleum Ltd (ASX:WPL) Insiders Have Been Selling Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Woodside Petroleum Ltd (ASX:WPL). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … But insiders sold 76.89k shares worth AU$2.2m

Simply Wall St -

Woodside Petroleum Ltd (ASX:WPL): Ex-Dividend Is In 4 Days

Woodside Petroleum Ltd (ASX:WPL) will be distributing its dividend of US$0.91 per share on the 20 March 2019, and will start trading ex-dividend in 4 days time on the 22 February 2019. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … 5 checks you should use to assess a dividend stock?

Simply Wall St -

Should You Be Tempted To Sell Woodside Petroleum Ltd (ASX:WPL) Because Of Its P/E Ratio?

How Do I Calculate Woodside Petroleum's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) … P/E of 20.22 = $24.73 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $1.22

Simply Wall St -

Does Woodside Petroleum Ltd’s (ASX:WPL) ROCE Reflect Well On The Business?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Do Institutions Own Shares In Woodside Petroleum Ltd (ASX:WPL)?

Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … With a market capitalization of AU$30b, Woodside Petroleum is rather large. … Check out our latest analysis for Woodside Petroleum

Simply Wall St -

How Woodside Petroleum Ltd (ASX:WPL) Could Add Value To Your Portfolio

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … that has been able to sustain great financial health over the past

Simply Wall St -

Why Woodside Petroleum Ltd (ASX:WPL) Is A Financially Healthy Company

Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider Woodside Petroleum Ltd (ASX:WPL). … With a market valuation of AU$31.6b, WPL is a safe haven in times of market uncertainty due to its strong balance sheet. … These firms won’t be left high and dry if liquidity dries up, and they will be relatively unaffected by rises in interest rates.

Simply Wall St -

Is Woodside Petroleum Ltd's (ASX:WPL) CEO Paid At A Competitive Rate?

First, this article will compare CEO compensation with compensation at other large companies. … How Does Peter Coleman's Compensation Compare With Similar Sized Companies. … Our data indicates that Woodside Petroleum Ltd is worth AU$31.1b, and total annual CEO compensation is US$8m.

Simply Wall St -

Company Info

Description

Woodside Petroleum Ltd engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons in Oceania, Asia, Canada, Africa, and internationally. The company produces liquefied natural gas, pipeline natural gas, condensate, liquefied petroleum gas, and crude oil. It holds interests in the Greater Browse, Greater Sunrise, Greater Pluto, Greater Exmouth, North West Shelf, Wheatstone, Canada, Senegal, Greater Scarborough, and Myanmar projects. The company was founded in 1954 and is headquartered in Perth, Australia.

Details
Name: Woodside Petroleum Ltd
WPL
Exchange: ASX
Founded: 1954
A$33,036,788,164
936,151,549
Website: http://www.woodside.com.au
Address: Woodside Petroleum Ltd
Mia Yellagonga,
11 Mount Street,
Perth,
Western Australia, 6000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX WPL Ordinary Shares Australian Securities Exchange AU AUD 25. Jun 1979
OTCPK WOPE.F Ordinary Shares Pink Sheets LLC US USD 25. Jun 1979
DB WOPA Ordinary Shares Deutsche Boerse AG DE EUR 25. Jun 1979
SWX WPL Ordinary Shares SIX Swiss Exchange CH CHF 25. Jun 1979
CHIA WPL Ordinary Shares Chi-X Australia AU AUD 25. Jun 1979
OTCPK WOPE.Y ADR(CNV INTO 1 NPV) Pink Sheets LLC US USD 06. Jan 1975
DB WOP ADR(CNV INTO 1 NPV) Deutsche Boerse AG DE EUR 06. Jan 1975
Number of employees
Current staff
Staff numbers
3,662
Woodside Petroleum employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 10:33
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2019/03/13
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.