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Financial Accounting and Reporting for Woodside Petroleum Limited

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Added on  2023-06-10

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This presentation provides an overview of Woodside Petroleum Limited, its mission, vision, values, and strategies. It also discusses the qualitative characteristics of financial information and how they apply to Woodside Petroleum Limited.

Financial Accounting and Reporting for Woodside Petroleum Limited

   Added on 2023-06-10

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FINANCIAL ACCOUNTING
AND REPORTING
Woodside Petroleum Limited
Financial Accounting and Reporting for Woodside Petroleum Limited_1
OVERVIEW OF THE COMPANY
Woodside Petroleum Limited is regarded as one of the
major Australian company operating in the industry of
petroleum exploration as well as production. Woodside
Petroleum Limited is considered as the largest
independent dedicated oil and gas company in the
Australian oil and exploration industry (woodside.com.au
2018)
Financial Accounting and Reporting for Woodside Petroleum Limited_2
OVERVIEW OF THE COMPANY
Woodside Petroleum Limited was established in the year of
1954 on 26 July and the company is headquartered at
Woodside Plaza, Perth, Western Australia. The main strategy
of the organization is provide their shareholders with the
superior returns across three major horizons. These three
time horizons can be characterized as cash generation from
2017, unlocking value from 2022, and repeating our
successes from 2027 (woodside.com.au 2018)
Financial Accounting and Reporting for Woodside Petroleum Limited_3
OVERVIEW OF THE COMPANY
Mission Statement
The mission of Woodside Petroleum Limited is to deliver
superior return to the shareholders
Vision Statement
The vision of the company is to become a global leader in
upstream gas and oil industry (woodside.com.au 2018)
Financial Accounting and Reporting for Woodside Petroleum Limited_4

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