Woodside Energy reported net profit after tax of $2.7 billion, supported by a record production volume that reached 198.8 million barrels of oil equivalent.
Woodside Energy’s global strengthening
Indeed, rigorous control of operating expenses has brought unit production costs down to $7.8 per barrel. This financial performance allows the organization to maintain a highly attractive dividend policy, allocating $2.1 billion to shareholders. Likewise, the company’s liquidity remains strong at $9.3 billion, ensuring stability for future capital commitments and ongoing projects.
Meanwhile, execution of international development plans shows substantial progress. The Scarborough project in Australia is nearly complete, with 94% progress, and is preparing to ship liquefied natural gas cargoes in 2026. In the Americas, investment in Louisiana has gained momentum following the addition of strategic partners such as Stonepeak and Williams, enabling Woodside to reduce its direct capital exposure while securing its presence in the Atlantic Basin.
Finally, the company is undergoing a leadership transition following Meg O’Neill’s departure. While Liz Westcott serves as interim leader, Woodside has met its environmental commitments by reducing net greenhouse gas emissions by 15%. The market is now focused on the permanent appointment of the new CEO and on the consolidation of the Beaumont project in Texas, which has already entered its ammonia production phase.
Source and photo: Woodside Energy