People are Googling Woodside Energy (ASX:WDS), with this stock ranking in the 18th place for finance-related searches on Google in Australia today.
Woodside Energy is an ASX-listed company focused on the exploration, development, production, and marketing of hydrocarbons. It manages a diverse portfolio of assets, including world-class LNG projects, offshore oil production, and innovative renewable solutions. Its primary objectives are to deliver safe, reliable and sustainable energy solutions, create long-term value for stakeholders, and contribute to a low-carbon future. Major projects include the North West Shelf, Pluto LNG, Scarborough development, and Sangomar Field Development, showcasing their commitment to operational excellence and driving technological advancements.
The trending news today about this stock relates to Woodside Energy Group shares could take a hit if Macquarie’s analysis of the gas industry proves correct.
Macquarie’s assessment considers potential changes to the petroleum resource rent tax (PRRT).
As reported by various media, including The Guardian, federal treasurer Jim Chalmers is considering options to change the PRRT which could mean a $94.5 billion boost to the federal budget over a decade. Australia’s budget is currently in deficit.