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Woodside plots dividend shake-up ahead of chair exit

The Australian Financial Review (AFR) •
November 03, 2026 • 12:43 AM
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A switch to a payout based on cash flow could be announced on Thursday – a move that would lift shareholder returns over coming years as growth projects start up.

Woodside plots dividend shake-up ahead of chair exit

Woodside Energy is considering its first dividend payout policy change in over a decade, ahead of news on who will replace Richard Goyder as chair, a role that typically has significant input into such a decision.

Analysts are foreshadowing an announcement on a new payout policy as early as this week, at Woodside’s investor briefing in Sydney on Thursday, the first since Liz Westcott took over as chief executive from Meg O’Neill, who now leads multinational BP.

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