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Woodside Petroleum Limited is an Australian
petroleum exploration and production company. It is a public company listed on
the Australian Securities Exchange and has its headquarters in Perth, Western
Australia.
History
Woodside was incorporated on 26 July 1954. It was originally named
Woodside (Lakes Entrance) Oil Co NL and it was named after the small town of
Woodside, Victoria.Woodside's early years were focussed on Victoria's Gippsland
Basin. Switching to northern Western Australia in the early 1960s, Woodside
joined up with Shell and Burmah Oil to form the original North West Shelf
consortium. BHP later replaced Burmah, and with Shell, each became a 40%
shareholder in Woodside. In the early 1990s both BHP and Shell agreed to sell
down to 34% stakes each, before BHP sold out completely (for an average price
of $3 per share, completing the sale in October 1994). On 9 November 2010,
Shell sold approximately one-third of its 34% stake to insitutional investors
at a share price of $42.23, reducing its overall stake in Woodside to 24%.
Type Public
Traded as
ASX: WPL
Industry Oil and gas industry
Predecessor(s) Woodside (Lakes Entrance) Oil Co NL
Founded
26 July 1954
Headquarters
Woodside Plaza
Perth, Western Australia,Australia
Key people
Peter Coleman, CEO
MD
Products
Petroleum
LNG
Revenue A$4.352 billion (2009)
Profit
$1.824
billion A$ (2009)
Employees
~3000
Website
www.woodside.com.a
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