Woodside shareholders overwhelmingly back $63b BHP merger

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Almost 99 per cent of Woodside shareholders have backed the $63 billion merger with BHP Petroleum, but the oil and gas producer suffered an embarrassing 45 per cent rejection of its climate report.

“Your vote in support of the merger will make today’s meeting a significant moment in Woodside’s history, marking the creation of a new global energy company and laying the foundation for Woodside to continue delivering value to all of our stakeholders for decades to come,” Mr Goyder said ahead of the final poll.

Mr Goyder also paid tribute to the performance of Ms O’Neill, who was appointed as permanent CEO in August after acting in the role since the retirement of Peter Coleman. All four directors up for re-election at Woodside, including Ann Pickard, also received strong support from proxy voting with approval levels of almost 96 per cent or more.because of her role as the head of Woodside’s sustainability committee.

 

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