Woodside banks on fossil fuel surge to lift dividends by 2032

Woodside Energy chief executive Meg O’Neill says the world has changed and investors are recognising that demand from data centres and artificial intelligence means there is plenty of money to be made from fossil fuels for years to come.

The oil and gas giant on Wednesday said it would accelerate the $15 billion expansion of a major LNG project in Louisiana, telling investors that the development would underpin a dramatic increase in dividends by 2032.

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