This report does not constitute a rating action. MELBOURNE (S&P Global Ratings) Feb. 27, 2024--Strong operating cash flow and financial metrics, as well as balance-sheet flexibility, give Woodside Energy Group Ltd. firepower to execute its key growth projects. We expect Woodside?s earnings to remain robust in fiscal 2024 (ending Dec. 31). Our base case assumes a Brent crude oil price of US$85/barrel and the company?s production volumes to be about 190 million of barrels of oil equivalent. Woodside?s (BBB+/Stable/--) free cash flow and liquidity, combined with available cash and undrawn facilities of approximately US$7.8 billion, enable it to comfortably meet its capital expenditure (capex) requirements over the next few years. Completion of the Sangomar offshore oil project in Senegal, West
