Woodside Energy keeps climbing after BHP petroleum merger

Shares in Woodside Energy continue to creep higher following its multibillion-dollar merger with BHP’s petroleum assets.

The stock was up another 2.5 per cent on Thursday morning to $35.52, adding to gains of more than 17 per cent racked up since the completion of its $27 billion buyout of the Big Australian’s petroleum business last Wednesday.

More than 100 new staff moved into Woodside’s CBD headquarters last week as the merger spread the company’s reach into the US Gulf of Mexico, Canada, Myanmar and Trinidad and Tobago.

Its global workforce now stands at 4700 and it will operate 5 per cent of global LNG supply in 2021, targeting production of 193 million barrels of oil equivalent this year.