Woodside Acquires OCI'S Clean Ammonia Project For An All-Cash Consideration Of $2.35B
Portfolio Pulse from Benzinga Newsdesk
Woodside has acquired OCI's Clean Ammonia Project in Beaumont, Texas for $2.35 billion. The project, which is under construction, aims to produce ammonia by 2025 and lower carbon ammonia by 2026. This acquisition is expected to be free cash flow accretive from 2026 and earnings per share accretive from 2027.
August 05, 2024 | 1:04 pm
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Woodside has acquired OCI's Clean Ammonia Project for $2.35 billion. The project is expected to be free cash flow accretive from 2026 and earnings per share accretive from 2027.
The acquisition aligns with Woodside's strategy to thrive through the energy transition. The project is expected to be free cash flow accretive from 2026 and earnings per share accretive from 2027, which should positively impact the stock price in the short term.
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