WOODSIDE ENERGY GROUP LTD
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2024 · Filed Feb 25, 2025
Contents
C.3 Contributed equity
Interest on the bonds is payable semi-annually in arrears.
| C.3 | Contributed equity |
|---|
Issued capital
Ordinary shares are classified as equity and recorded at the value of consideration received. The cost of issuing shares is shown in share capital as a deduction, net of tax, from the proceeds.
Reserved shares
Reserved shares are the Group’s own equity instruments, which are used in employee share-based payment arrangements or the Dividend Reinvestment Plan (DRP). The DRP was suspended on 27 February 2023. These shares are deducted from equity. No gain or loss is recognised in the income statement on the purchase, sale, issue or cancellation of the Group’s own equity instruments.
(a) Issued and fully
paid shares
| Number of shares | US$m | |
|---|---|---|
| Opening balance | 1,898,749,771 | 29,001 |
| Amounts as at 31 December 2024 | 1,898,749,771 | 29,001 |
| Opening balance | 1,898,749,771 | 29,001 |
| Amounts as at 31 December 2023 | 1,898,749,771 | 29,001 |
| Opening balance | 969,631,826 | 9,409 |
| DRP – ordinary shares issued at US$23.14 (2021 final dividend)1 | 14,348,997 | 332 |
| Ordinary shares issued at US$21.06 for the acquisition of BHPP2 | 914,768,948 | 19,265 |
| Transaction costs associated to the issue of shares | - | (5) |
| Amounts as at 31 December 2022 | 1,898,749,771 | 29,001 |
| 1. | Relates to ordinary shares issued for the DRP as part of the 2021 final dividend. The Group purchased on-market shares for the issuance of DRP as part of the 2022 interim dividend. Refer to Note C.3(b) for details of the on-market purchases and allocation. |
| 2. | 914,768,948 new Woodside shares were issued as consideration for the BHPP merger. |
All shares are a single class with equal rights to dividends, capital, distributions and voting. Woodside does not have authorised capital nor par value in relation to its issued shares.
(b) Reserved shares
| Employee share plans | Dividend reinvestment plan | |||
|---|---|---|---|---|
| Number of shares | US$m | Number of shares | US$m | |
| Opening balance | 2,140,927 | (49) | - | - |
| Purchases during the year | 4,293,699 | (81) | - | - |
| Vested/allocated during the year | (3,353,784) | 72 | - | - |
| Amounts at 31 December 2024 | 3,080,842 | (58) | - | - |
| Opening balance | 1,873,777 | (38) | - | - |
| Purchases during the year | 2,332,121 | (57) | - | - |
| Vested/allocated during the year | (2,064,971) | 46 | - | - |
| Amounts at 31 December 2023 | 2,140,927 | (49) | - | - |
| Opening balance | 1,819,744 | (30) | - | - |
| Purchases during the year | 2,232,589 | (45) | 6,823,092 | (144) |
| Vested during the year | (2,178,556) | 37 | (6,823,092) | 144 |
| Amounts at 31 December 2022 | 1,873,777 | (38) | - | - |
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