Source: Woodside Energy
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  • Woodside Petroleum (WPL) changes its name to Woodside Energy Group, effective from Wednesday May 25
  • Following a shareholder vote on Thursday at an annual general meeting, the Australian liquefied natural gas developer will change its name to reflect its transition to energy
  • The new name has been registered by the Australian Securities and Investments Commission (ASIC), with the company’s ticker code to change to WDS
  • Woodside Petroleum falls 4.37 per cent, trading at $28.59 at 1:30 pm AEST

Woodside Petroleum (WPL) has changed its name to Woodside Energy Group, effective from Wednesday, May 25.

Following yesterday’s shareholder vote at an annual general meeting, the Australian liquefied natural gas developer will change its name to reflect its transition to energy.

The new name has been registered by the Australian Securities and Investments Commission (ASIC), with the company’s ticker code to change to WDS.

The news comes after the company’s March quarterly report in which it reported $2.36 billion in sales revenue — a 17 per cent decrease on the December 2021 quarter.

The company delivered sales volume of 25.5 million barrels of oil equivalent (MMboe), representing a decrease from 31.8 MMboe in the prior quarter.

On Wednesday, Woodside shareholders approved a proposed merger with the petroleum business of BHP Group, with 98.66 per cent of votes submitted in favour of the move.

Woodside said it expected the completion of the merger to occur on June 1, with shares expected to commence trading on the ASX the following day.

Woodside Petroleum fell 4.37 per cent, trading at $28.59 at 1:30 pm AEST.

WPL by the numbers
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