Woodside to acquire Chevron assets in strategic swa By Investing.com
PERTH, Australia – Woodside (OTC:) Energy Group Ltd. (market capitalization: $27.23 billion), currently trading near its 52-week low at $14.38, has entered into an agreement with Chevron Corporation (NYSE:) for a significant asset swap, marking a strategic consolidation of its liquefied (LNG) operations in Australia. According to InvestingPro analysis, Woodside maintains a strong financial health score of 2.65 and appears undervalued based on its Fair Value assessment. The deal involves Woodside acquiring Chevron’s interests in the North West Shelf (NWS) Project, NWS Oil Project, and Angel Carbon Capture and Storage (CCS) Project. In return, Woodside will transfer its interests in the Wheatstone and Julimar-Brunello projects to…
