Woodside Energy — Company directory

Perth-based LNG and oil producer operating Pluto LNG, the North West Shelf and Bass Strait, with growth projects offshore Mexico and on the US Gulf Coast.

Woodside Energy Group Ltd is an Australian oil and gas producer headquartered in Perth, Western Australia, and listed on the Australian Securities Exchange and the New York Stock Exchange under the ticker WDS. It sells liquefied natural gas, domestic pipeline gas, condensate and crude oil from operated and non-operated assets in Australia, the United States and Senegal. The company operates the North West Shelf and Pluto LNG plants on the Burrup Peninsula near Karratha, where most of its gas is processed and exported.

From Gippsland to three continents

Woodside was incorporated on 26 July 1954 as Woodside (Lakes Entrance) Oil Co NL and began life exploring Victoria's Gippsland Basin before turning to the North West Shelf off Western Australia in the 1960s. It moved its head office from Melbourne to Perth in 1995. The merger with BHP's petroleum business completed in 2022, adding a New York listing and a set of international assets. Two 2024 purchases reshaped the growth pipeline: Tellurian Inc, owner of the proposed Louisiana LNG site, for an enterprise value of about USD 1.2 billion, and OCI Global's blue ammonia project at Beaumont, Texas, for USD 2.35 billion.

Producing assets

Pluto LNG and the North West Shelf project form the core of Australian production, with Woodside also holding interests in the Wheatstone and Macedon fields. The Sangomar field offshore Senegal, about 100 kilometres south of Dakar, is operated by Woodside with an 82% interest alongside the state company Petrosen. Developed at a cost of roughly USD 5.2 billion through a 23-well first phase, it produces via the Leopold Sedar Senghor floating production vessel, delivered first oil in June 2024 and reached its 100,000 barrel per day nameplate capacity; in the second quarter of 2026 it averaged about 99,000 barrels per day gross, 86,000 net to Woodside, at reliability above 99%, and the partners are evaluating a second phase.

In the Gippsland Basin, Woodside took over operatorship of the Bass Strait production assets, the Longford gas plant, the Long Island Point liquids facility and associated pipelines from ExxonMobil on 1 June 2026. Equity interests and decommissioning provisions were unchanged. The company's remaining oil production is offshore Western Australia, where it operates the Ngujima-Yin, Pyrenees and Okha floating production, storage and offloading vessels, and in the US Gulf of Mexico, where it holds interests in Shenzi, Mad Dog and Atlantis.

Projects under construction

Scarborough was 98% complete at the half-year. The gas field lies about 375 kilometres off the Pilbara coast and is being developed with 13 wells, a floating production unit and a 430 kilometre pipeline to the expanded Pluto facility, where Pluto Train 2 is the new onshore liquefaction train. First LNG cargo is targeted for the fourth quarter of 2026.
Trion, in deep water offshore Mexico, was 64% complete and remains on budget for first oil in 2028. Woodside operates the roughly USD 7.2 billion development with a 60% interest; the topsides were lifted onto the floating production unit in the first half of 2026 and three of 24 subsea wells had been drilled.
Louisiana LNG in Calcasieu Parish is being built as a three-train foundation project at an estimated USD 17.5 billion, against total permitted capacity of 27.6 million tonnes a year. It was 28% complete at the end of the second quarter of 2026 and targets a first cargo in 2029.
Beaumont is a new ammonia project in Texas, and Woodside holds 33.4% and operatorship of the Greater Sunrise gas fields in the Timor Sea, where ConocoPhillips has 30%, Shell 26.6% and Osaka Gas 10%.

Half-year 2026 results

The half-year report released on 25 August 2026 showed operating revenue of USD 7,446 million, 13% higher than a year earlier, on production of 478 thousand barrels of oil equivalent per day, or 86.5 million barrels of oil equivalent for the six months. Net profit after tax rose 27% to USD 1,672 million, underlying net profit was USD 1,334 million, EBITDA was USD 4.6 billion, operating cash flow was USD 3 billion and free cash flow USD 352 million. The board declared a fully franked interim dividend of 57 US cents a share. Gearing of 20.6% was slightly above the 10-20% target range and liquidity stood at USD 8,189 million, with the company describing the Scarborough start-up as the end of its heaviest investment period.

Leadership and workforce

Richard Goyder is chairman and Liz Westcott became chief executive officer and managing director in March 2026, having served as acting chief executive from 18 December 2025 after Meg O'Neill left the company to lead bp. Woodside reported 4,718 employees at the end of 2024. Its head office is in Perth and it manages operations and exploration interests across Australia, the United States, Senegal, Mexico and the Timor Sea.