Woodside Energy Group Ltd

Latest Results (17.12.2025):

Woodside Energy Group Ltd — third quarter 2025 (period ended 30 September 2025): reported quarterly revenue of $3,359 million, production of 50.8 MMboe (552 Mboe/d) and an average realised price of $60/boe. Full‑year 2025 production guidance was revised up to 192–197 MMboe. Operational reliability remained strong (Pluto LNG 100%; Sangomar ~99 Mbbl/d at ~98% reliability). Q3 capex was $1,323 million (YTD $3,881 million) and liquidity stood at about $8.3 billion. Major project progress included Scarborough 91% complete (on track H2 2026 first LNG), Beaumont ammonia 97% (first ammonia targeted late 2025) and Louisiana LNG 19% (first LNG targeted 2029).

Quarterly financials

Revenue (sales) for Q3 2025 was $3,359m; sales revenue ex‑hedging $3,317m. Average realised price was $60/boe. YTD revenue to 30 Sep was $9,949m versus $9,695m YTD 2024.

Production & pricing

Production: 50.8 MMboe in Q3 2025 (552 Mboe/d). Average realised price rose 2% QoQ to $60/boe. Sangomar produced 99 kbbl/d (100% basis; Woodside share ~82 kbbl/d) and generated $477m revenue in the quarter.

Guidance and outlook

Full‑year 2025 production guidance was revised to 192–197 MMboe (previously 188–195). Unit production cost guidance tightened to $7.6–8.1/boe (from $8.0–8.5). Capital expenditure (excl. Louisiana LNG) guidance was reduced to $3,700–4,000m (from $4,000–4,500m).

Capital expenditure and liquidity

Q3 capex was $1,323m (including $276m net Louisiana LNG contribution); capex excluding Louisiana LNG was $1,047m for Q3. YTD capex was $3,881m. Available liquidity as at 30 Sep 2025 was ~ $8.3 billion.

Projects — progress and timing

Scarborough Energy Project: 91% complete and on track for first LNG in H2 2026. Beaumont New Ammonia: 97% complete, targeting first ammonia late 2025. Trion: 43% complete, targeting first oil in 2028. Louisiana LNG: 19% complete (Train 1 25% complete), first LNG targeted 2029.

Portfolio, transactions and marketing

Agreed to assume operatorship of Bass Strait (completion targeted 2026). Divested Greater Angostura for cash proceeds of $259m. Signed long‑term LNG SPA with PETRONAS (1 Mtpa from 2028 for 15 years) and heads of agreement with BOTAŞ (~0.5 Mtpa from 2030, subject to final agreement).

Hedging and other notable items

Hedging: ~83% of the 30 MMboe 2025 oil hedge has been delivered; realised value of hedges for the period gave an estimated pre‑tax profit of $139m (YTD). Reported an expected unrealised loss of ~$15m on an embedded urea‑linked derivative for Q3. Continued progress on decarbonisation and new energy partnerships (H2Perth MOU with Japan Suiso Energy and Kansai Electric).