ASX 200 stock hitting 52 week high in market meltdown
This ASX 200 energy giant has been surging ever since the Middle East conflict began and it could benefit even more if energy prices remain elevated for a longer period.
Woodside Energy Group Limited (ASX: WDS)
has been a major beneficiary of the Middle East conflict because the stock rose 10.7% in the past one week and 25% in the past one month as energy prices surged.
The current market capitalisation is $65.36 billion and the company in FY2025 reported operating revenue of US$12,984 million and net profit after tax of US$2,718 million which shows the strength of its asset base and operations.
The company also rewarded shareholders. It paid a full year dividend of US$112 cents per share and total dividends were about US$2.1 billion which highlights strong shareholder returns.
The company delivered record production of 198.8 million barrels of oil equivalent and reduced unit production costs to US$7.8 per barrel which shows strong operational efficiency.
Major growth projects are moving ahead and the Scarborough project is 94% complete which is targeting first LNG cargo in Q4 2026.
The Louisiana LNG project is another long-term growth driver and first LNG is targeted in 2029 while strategic partners have already reduced Woodside capital burden.
The Trion project is 50% complete and is targeting first oil in 2028 which will increase production and cash flow in the coming years.
The company has also started production at Beaumont New Ammonia which could become another long-term growth segment.
The company distributes fully franked dividends on a semi-annual basis and current annual yield is 4.8% which should appeal to passive income investors.
The outlook is strong because global energy demand is very high and if energy prices stay elevated for longer due to geopolitical tensions, Woodside is likely to benefit significantly.
(Source: Company Announcements)
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