Dividends & Buybacks ·
Woodside announces new distribution policy targeting 20-40% of adjusted operating cash flow
WDSWoodside Energy Group Ltd
Woodside Energy Group Ltd outlined a new capital framework and shareholder distribution policy at its Capital Markets Day. The company targets a portfolio return on average capital employed (ROACE) of 12-15% by the mid-2030s, supported by a $400 million annual structural cost reduction program starting in 2028. Under the new policy, Woodside will prioritize a base dividend equal to 20% of adjusted operating cash flow (AOCF), with up to an additional 20% available for discretionary dividends and/or share buybacks. The company projects more than $40 billion of AOCF from 2027 to 2032, driven by the completion of Scarborough, Trion, and Louisiana LNG projects. Woodside Energy Group Ltd is a global energy company focused on liquefied natural gas (LNG) production and deepwater oil operations.