1/5/2025, 10:08:03 am

S&P cuts Woodside's credit outlook to 'negative'

S&P Global Ratings revised Woodside's credit outlook to "negative" from "stable" after the energy company committed $17.5 billion to its Louisiana LNG project, citing increased market risk exposure despite a 40% stake sale to Stonepeak. Woodside retains a 60% economic interest. S&P affirmed its 'BBB+' ratings but noted limited capacity to handle weaker oil prices or cost overruns.