Origin Energy

Summary

Origin Energy Limited, an integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally. The company operates through, Energy Markets, Integrated Gas, and Corporate segments. Its exploration and production portfolio includes the Bowen and Surat basins in Queensland; the Browse basin in Western Australia; and the Beetaloo basin in the Northern Territory. The company also generates electricity from coal, wind, pumped water storage, solar, and cogeneration plants; sells electricity, natural gas, and LPG; provides GreenPower and green gas products; and supplies LPG to residentials and businesses. In addition, it offers electric and gas hot water systems; split system air conditioners; ducted and space heating solutions; ducted evaporative cooling systems; and ducted reverse cycle air conditioning systems. Origin Energy Limited was incorporated in 1946 and is based in Barangaroo, Australia.


History

 

Origin Energy was formed 18 February 2000, as a result of a demerger of the Australian conglomerate, Boral Limited, which saw the energy business formed as a new company, separate from the building and construction materials business. SAGASCO became part of Origin Energy as part of the demerger.Between 2001 and 2002, Origin acquired a Victorian electricity retailer licence from distributors Powercor and CitiPower. In 2004, the SEAGas pipeline was completed, linking the Victorian and South Australian gas markets. During this time, Origin obtained 50% interest in the Kupe Gas Field and Edison Mission Energy's 51.4% interest in New Zealand's Contact Energy. Origin sold its 53% shareholding in Contact Energy to the market in 2015.On 27 November 2006, the Government of Queensland announced the sale of Sun Retail, the former retailing arm of Energex to Origin for $1.202 billion.On 15 December 2010, Origin Energy announced that it would purchase the retail divisions of Country Energy and Integral Energy from the Government of New South Wales, at a total cost of A$3.25 billion, as well as entering a GenTrader agreement with Eraring Energy . The transaction was completed on 1 March 2011.In August 2022 the company announced a goal for net-zero direct and indirect emissions by 2050. In November 2022, Origin received a takeover offer from a Brookfield Asset Management led consortium for A$18 billion.


Mission

We provide the latest circuit and electronic parts


Vision

To always be the firrst with innovation


Key Team

Mr. Jon Briskin (Exec. Gen. Mang. of Retail)

Mr. Andrew Thornton (Exec. Gen. Mang. of Integrated Gas)

Mr. Anthony Lucas (Exec. Gen. Mang. of Future Energy & Technology)

Mr. Liam Barry (Group Mang. of Investor Relations)

Ms. Kate Jordan (Gen. Counsel and Exec. GM of Company Secretariat, Risk & Governance)

Ms. Sharon Ridgway (Exec. Gen. Mang. of People & Culture)

Mr. Peter W. Rice (Gen. Mang. of Capital Markets)


References
Origin Energy
Leadership team

Mr. Lawrence John Tremaine BBus, FCPA (Chief Financial Officer)

Mr. Greg Jarvis (Exec. Gen. Mang. of Energy Supply & Operations)

Products/ Services
Energy, Renewable Energy, Solar
Number of Employees
1,000 - 20,000
Headquarters
Sydney, New South Wales, Australia
Established
2000
Company Registration
SEC CIK number: 0000845033
Revenue
Above - 1B
Traded as
ASX:ORG
Social Media
Wed Feb 28 2024
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