PERTH, AUSTRALIA / ACCESSWIRE / February 7, 2024 / 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

Marcela Louzada
M: +61 456 994 243
E: investor@woodside.com

MEDIA

Christine Forster
M: +61 484 112 469
E: christine.forster@woodside.com

This announcement was approved and authorised for release by Woodside's Disclosure Committee.

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SOURCE: Woodside Energy Group Ltd