GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Woodside Energy Group Ltd (OTCPK:WOPEF) » Definitions » Retained Earnings

Woodside Energy Group (Woodside Energy Group) Retained Earnings : $186 Mil (As of Dec. 2023)


View and export this data going back to 2011. Start your Free Trial

What is Woodside Energy Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Woodside Energy Group's retained earnings for the quarter that ended in Dec. 2023 was $186 Mil.

Woodside Energy Group's quarterly retained earnings declined from Dec. 2022 ($3,342 Mil) to Jun. 2023 ($382 Mil) and declined from Jun. 2023 ($382 Mil) to Dec. 2023 ($186 Mil).

Woodside Energy Group's annual retained earnings declined from Dec. 2021 ($3,381 Mil) to Dec. 2022 ($3,342 Mil) and declined from Dec. 2022 ($3,342 Mil) to Dec. 2023 ($186 Mil).


Woodside Energy Group Retained Earnings Historical Data

The historical data trend for Woodside Energy Group's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Woodside Energy Group Retained Earnings Chart

Woodside Energy Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,654.00 1,398.00 3,381.00 3,342.00 186.00

Woodside Energy Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,381.00 1,978.00 3,342.00 382.00 186.00

Woodside Energy Group Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Woodside Energy Group  (OTCPK:WOPEF) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Woodside Energy Group (Woodside Energy Group) Business Description

Traded in Other Exchanges
Address
11 Mount Street, Mia Yellagonga, Perth, WA, AUS, 6000
Incorporated in 1954 and named after the small Victorian town of Woodside, Woodside's early exploration focus moved from Victoria's Gippsland Basin to Western Australia's Carnarvon Basin. First LNG production from the North West Shelf came in 1984. BHP Billiton and Shell each had 40% shareholdings before BHP sold out in 1994 and Shell sold down to 34%. In 2010, Shell further decreased its shareholding to 24%. Woodside has the potential to become the most LNG-leveraged company globally.

Woodside Energy Group (Woodside Energy Group) Headlines

From GuruFocus

Woodside Energy Group Ltd Announces First Quarter 2023 Report

By ACCESSWIRE ACCESSWIRE 04-21-2023

Woodside Energy Group Ltd Announces Third Quarter 2022 Report

By ACCESSWIRE ACCESSWIRE 10-20-2022

Woodside Energy Group Ltd Announces Full-Year 2022 Results

By ACCESSWIRE ACCESSWIRE 02-27-2023

This Energy Stock Looks Primed for Long-Term Gains

By thriftyinvestments thriftyinvestments 04-30-2015

Top 5 2nd Quarter Trades of Shelter Mutual Insurance Co

By GuruFocus Research GuruFocus Editor 07-12-2022

Woodside Energy Group Ltd Announces WDS Half-Year 2022 Report

By ACCESSWIRE ACCESSWIRE 08-30-2022

Woodside Energy Group Ltd Announces Company Secretary Change

By ACCESSWIRE ACCESSWIRE 10-20-2022