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Energy

Woodside Energy CEO calls UK windfall tax a 'red flag' as group admitted to LSE

The Australian group’s secondary listing follows the completion last week of the £30bn merger

Woodside Energy Group Ltd, the company formed by the merger of Woodside with BHP Group Ltd’s oil and gas business, has been admitted to the London Stock Exchange’s main market under the ticker "WDS".

The Australian group’s secondary listing follows the completion last week of the £30bn merger.

In comments coinciding with listing, Woodside Energy’s chief executive Meg O’Neill warned a recently announced windfall tax will harm government attempts to revive Britain’s oil and gas industry.

“When governments change the rules without a whole lot of consultation or engagement, that’s a bit of a red flag for us,” O’Neill said in an interview in The Times, adding the windfall tax showed Britain was “not a particularly conducive place to invest”.

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