Woodside Energy Group Ltd (WDS) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and thanks everyone for joining our 2023 Half Year Results Investor Call. We are presenting the results today from Sydney, and I would like to begin by acknowledging the traditional custodians of this land, the Gadigal people of the Eora Nation, and pay my respects to their elders past, present, and emerging. I also extend my respect to all other aboriginal nations, the future generations, and their continued connection to country. This morning, we released our half-year results and briefing pack to the market. I am joined on the call with our Chief Financial Officer, Graham Tibber. Together, we will provide an overview of our first half's 2023 performance before opening up the call to a Q&A session. Please take the time to read the disclaimers, assumptions, and other important information on slides two and three. I'd like to remind you that all dollar figures in today's presentation are U.S. dollars unless otherwise indicated. Starting with slide four. In June, we celebrated one year since completing the merger with BHP Petroleum. The strong results this has highlight the benefits the merger has realized. We delivered a record first half net profit after tax of $1.7 billion. Our operating capability was reflected in our continued reliable operations and the safe execution of two major turnarounds. We are investing in the business, with our major projects progressing well and additional growth sanctions with the Trion project in Mexico. Just two weeks ago, we announced the sale of a 10% interest in Scarborough. This has been a strategic priority, reducing our capital commitment and bringing a great partner into the joint venture. Our disciplined approach to capital management has positioned us to be able to invest in the business and return value to sha...