Woodside Energy’s chairman Richard Goyder — in a letter to shareholders — has urged active participation in the upcoming 2024 Annual General Meeting (AGM) scheduled for 24 April 2024.
The AGM, to be held both online and in person at Crown Perth, will provide shareholders with the opportunity to engage with the board, submit questions, and cast votes on crucial agenda items.
Reflecting on Woodside’s 70-year history, Goyder highlighted the company’s transformation into Australia’s largest energy company with a strong global presence.
Notable milestones include the successful merger with BHP’s petroleum business in 2022 and the appointment of Meg O’Neill as CEO and Managing Director in 2021.
The company has returned substantial value to shareholders, with dividends totalling 393 US cents per share over the past two years.
In response to shareholder concerns about climate change, Woodside has intensified engagement efforts and developed a Climate Transition Action Plan (CTAP).
The plan, available for review on the company’s website, outlines Woodside’s commitment to reducing emissions and aligning with the goals of the Paris Agreement.
Despite challenges from some proxy advisers, Woodside remains committed to its climate strategy and will submit its climate disclosures to a shareholder vote at the upcoming AGM.
Goyder emphasised that Woodside’s approach to the energy transition is prudent and will protect shareholder value in the long term.
Looking ahead, Woodside aims to evolve its business model to meet the changing needs of customers and society while creating value for shareholders.
The Board stated that it will continue to seek expertise to support global operations and strategic growth opportunities through the energy transition.
Goyder expressed enthusiasm for Woodside’s future and pledged to enhance engagement with shareholders to ensure the company’s continued success as a responsible energy provider.
