Woodside Petroleum
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 Year Returns
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.
Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Woodside Petroleum.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Woodside Petroleum's value by looking at:- 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. )
- 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)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Woodside Petroleum's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Woodside Petroleum Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Woodside Petroleum's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Woodside Petroleum Company Filings, last reported 2 months ago.
| 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).
Financial health checks
We assess Woodside Petroleum's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Woodside Petroleum has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
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
- 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.
| 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.
| 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 |
| 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).
- Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
Income/ dividend checks
We assess Woodside Petroleum's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Woodside Petroleum management team is about average.
Management Team
Peter Coleman
CEO, MD & Executive Director
$7M
58
7.8 yrs
Sherry Duhe
Executive VP & CFO
$1M
Meg O’Neill
Executive VP & COO
$3M
0.8 yrs
Shaun Gregory
Executive VP of Exploration & CTO
$1M
3.2 yrs
Reinhardt Matisons
Executive Vice President of Marketing
$985K
5.2 yrs
Michael Abbott
Senior Vice President of Corporate & Legal
$910K
4.3 yrs
Robert Edwardes
Executive Vice President of Development
$2M
6.8 yrs
Andrew Cox
VP of Legal
1.8 yrs
Jacky Connolly
Vice President of People & Global Capability
Warren Baillie
Company Secretary
7.1 yrs
Board of Directors Tenure
Average tenure and age of the Woodside Petroleum board of directors in years:
- The tenure for the Woodside Petroleum board of directors is about average.
Board of Directors
Richard James Goyder
Chairman of the Board
$465K
58
0.9 yrs
Peter Coleman
CEO, MD & Executive Director
$7M
58
7.8 yrs
Melinda Cilento
Independent Non-Executive Director
$234K
52
10.3 yrs
Frank Cooper
Independent Non-Executive Director
$240K
62
6.1 yrs
Chris Haynes
Independent Non-Executive Director
$216K
71
7.8 yrs
Sarah Ryan
Independent Non-Executive Director
$216K
52
6.3 yrs
Gene Tilbrook
Independent Non-Executive Director
$217K
65
4.3 yrs
Ann Pickard
Non-Executive Director
$233K
63
3.1 yrs
Ian MacFarlane
Independent Non-Executive Director
$214K
2.3 yrs
Larry Archibald
Independent Non-Executive Director
$216K
2.1 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Woodside Petroleum insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | 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 | ||
Management checks
We assess Woodside Petroleum's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleWoodside 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 - – Full articleNeed 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 - – Full articleWoodside 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 - – Full articleShould 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 - – Full articleDoes 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 - – Full articleDo 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 - – Full articleHow 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 - – Full articleWhy 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 - – Full articleIs 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 - – Full articleCompany 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
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.
