Australia’s Woodside starts trading on NYSE

Shares of Australian LNG producer Woodside began trading on the New York Stock Exchange (NYSE) on Thursday under the ticker WDS.

This follows completion of Woodside’s merger with BHP’s oil and gas business, which created a top 10 global independent energy company by hydrocarbon production and the largest energy company listed on the ASX.

Woodside listed its shares in the form of American Depositary Shares (ADSs) on the NYSE.

“ADSs are US dollar denominated negotiable instruments represented by American Depositary Receipts (ADRs) issued by a depositary bank that facilitate US trading and investment in shares of non-US companies,” the LNG player said in a statement.

The ADRs would be issued under Woodside’s existing ADR program, which is administered by Citibank, it said.

Each Woodside ADS represents one ordinary share of the company. The shares closed yesterday at $23.15.

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