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SANTOS LIMITED — M&A Activity 2024
Feb 6, 2024
65872_rns_2024-02-06_bd6e6249-7399-4b48-bcf2-4f7859ca8097.pdf
M&A Activity
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Woodside Energy Group Ltd ACN 004 898 962 Mia Yellagonga 11 Mount Street Perth WA 6000 Australia T +61 8 9348 4000 www.woodside.com
ASX: WDS NYSE: WDS LSE: WDS
Announcement
Wednesday, 7 February 2024
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Woodside concludes discussions with Santos
Woodside has ceased discussions regarding a potential merger with Santos Ltd.
As a global energy company, Woodside continuously assesses a range of organic and inorganic growth opportunities.
Woodside CEO Meg O’Neill said that for every opportunity Woodside assesses, it conducts thorough due diligence, and will only pursue a transaction that is value accretive for its shareholders.
“We continue to be disciplined in our approach to mergers and acquisitions and capital management to create and deliver value for shareholders. While the discussions with Santos did not result in a transaction, Woodside considers that the global LNG sector provides significant potential for value creation.
“Woodside’s world-class global portfolio, growth pipeline and strong balance sheet underpin our attractive investment proposition for Australian and global investors.”
Contacts:
INVESTORS
MEDIA
Marcela Louzada Christine Forster M: +61 456 994 243 M: +61 484 112 469 E: [email protected] E: [email protected]
This announcement was approved and authorised for release by Woodside’s Disclosure Committee.
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