Woodside aims to pounce on ‘crown jewels’

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 17 : 20-Aug-15

Low commodity prices may eventually force stressed companies to put their "crown jewels" on the market, at which time Woodside Petroleum will be ready to pounce, says CEO Peter Coleman. Meanwhile, he will not risk precious cash on lower quality assets. Despite reporting a 39 per cent drop in first half profits due to the collapse in oil and LNG prices, Woodside has little debt, making it well placed to take advantage of takeover opportunities.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, BT AUSTRALIA PTY LTD, MACQUARIE EQUITIES LIMITED, APACHE CORPORATION, CHEVRON CORPORATION

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