An Australian oil and gas producer will exit the UK market in the latest blow to London as a global commodities centre.
Woodside Energy said that it would delist its shares from the London Stock Exchange on November 20 and retain its primary listing in Australia, where it is headquartered.
The Perth-based company said that trading in the London shares, which accounted for just 1 per cent of the company’s share capital, was low and that cancelling the shares would reduce administration costs.
The Macedon gas field is situated within a production licence on the North West Shelf, off Western Australia
WOODSIDE ENERGY
Woodside is the largest energy company listed in Australia and also has a standard listing in London. It reported net profits of $3.3 billion last year and operates the North West Shelf facility, Australia’s biggest liquefied natural gas project.
The move comes