Jim Cramer Calls Woodside Energy a "Terrific Company" But Fears Oil Slump

Woodside Energy Group Ltd (NYSE:WDS) is one of the stocks Jim Cramer talked aboutt. Answering a caller’s query about the stock during the lightning round, Cramer commented:

“Okay, Woodside Energy is actually, I have always felt it’s a terrific company, but I happen to like the petroleum exploration business, but I will tell you, as oil sinks, it might go to the 50s, and I’m afraid it is going… I’m nervous of it; let’s put it this way. You had a big run.”

Woodside Energy Group Ltd (NYSE:WDS) explores, develops, and produces hydrocarbons, with output including LNG, pipeline gas, crude oil, condensate, and natural gas liquids. The company reported its first half earnings on August 19. It generated a revenue of $6.59 billion which was up 10% year-over-year but missed the estimates by $70 million. Moreover, Woodside Energy Group Ltd (NYSE:WDS) reported net profit after taxes of $1.316 billion and EBITDA of $4.6 billion.

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Disclosure: None. This article is originally published at Insider Monkey.