A post by @FirstSquawk on X.
WOODSIDE ENERGY SAYS IT HAS SET A NEW 2035 NET EQUITY SCOPE 1 AND 2 GREENHOUSE GAS EMISSIONS INTENSITY TARGET OF 30%, AND IS TARGETING $400 MLN OF ANNUAL STRUCTURAL COST REDUCTIONS FROM 2028, WITH A GLOBAL WORKFORCE REDUCTION OF MORE THAN…
@FirstSquawk on X
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Woodside Energy set a new 2035 target of 30% net equity Scope 1 and 2 greenhouse gas emissions intensity and aims to deliver $400 million in annual structural cost reductions from 2028. The plan includes cutting more than 500 roles across its global workforce. The move pairs long-term decarbonization goals with near-term margin protection as the company manages spending across its LNG and oil portfolio. Investors will watch how quickly the workforce reduction is executed and whether the cost savings are sustained once achieved.
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Woodside Energy