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Reuters
Reuters
Business

Australia's Woodside sees potential 'inorganic growth' options

FILE PHOTO: Logos of Woodside Petroleum are seen at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. REUTERS/Toru Hanai

Woodside Petroleum <WPL.AX>, Australia's top independent gas producer, sees potential acquisition opportunities emerging from the oil price collapse, but Chief Executive Peter Coleman said on Friday it was too early to pursue those.

"We, like everybody else, are looking at those particular opportunities, but it's too early to resolve (that) we'll go one way or another," Coleman told analysts when asked about "inorganic growth" opportunities.

Coleman was speaking on a conference call after announcing the company was cutting spending this year by 50% to cope with the coronavirus pandemic and plunging oil prices.

(Reporting by Sonali Paul; Editing by Tom Hogue)

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