Woodside Expects To Recognise Non-cash Post-tax Asset Impairments Of $1.5B In FY23 Related To Goodwill And Portion Of The Purchase Price Assigned To Shenzi Assets On Completion Of The Merger With BHP Petroleum
Portfolio Pulse from Benzinga Newsdesk
Woodside (WDS) anticipates recognizing non-cash post-tax asset impairments of $1.5 billion in FY23, related to goodwill and a portion of the purchase price assigned to Shenzi assets following the merger with BHP Petroleum.
February 15, 2024 | 8:46 am
News sentiment analysis
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NEGATIVE IMPACT
Woodside is expected to recognize $1.5 billion in non-cash post-tax asset impairments in FY23, related to its merger with BHP Petroleum.
The announcement of significant non-cash impairments typically leads to negative investor sentiment as it reflects adjustments to the value of the company's assets, potentially affecting its financial health and future profitability.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
BHP's merger with Woodside leads to Woodside recognizing $1.5 billion in non-cash post-tax asset impairments in FY23.
While the impairments are directly related to Woodside's financials, BHP's involvement in the merger makes it relevant. However, the direct financial impact on BHP is not specified, leading to a neutral score.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50