Woodside Energy Group (NYSE: WDS) details 2026 process safety strategy
Rhea-AI Filing Summary
Woodside Energy Group Ltd describes a 2026 Sustainability Focus Session centered on its approach to process safety. Executives outline a Process Safety Management framework based on the Energy Institute standard, a structured People–Process–Plant risk approach, and a competency program defining Process Safety Critical Roles from foundational to expert level.
Governance runs from the Board and Sustainability Committee to frontline leaders, with safety metrics comprising 15% of the Corporate Scorecard. Woodside reports 98% conformance for senior process safety critical roles in 2025, above a 95% target, and uses Tier 1 and Tier 2 loss-of-containment classifications. The session also places process safety within a broader sustainability context, including a “lower-carbon” portfolio aimed at reducing net equity Scope 1 and 2 emissions while adding new energy products and services.
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Key Figures
Key Terms
Process Safety Management (PSM) Framework technical
loss of primary containment technical
Process Safety Critical Role (PSCR) technical
hierarchy of controls technical
Tier 1 process safety event technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is Woodside (WDS) Sustainability Focus Session 2026 about?
How does Woodside (WDS) define a lower-carbon portfolio?
What process safety performance did Woodside (WDS) report for 2025?
How is process safety governed at Woodside (WDS)?
What is Woodside (WDS) Process Safety Management framework?
How does Woodside (WDS) classify process safety events?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2026
Commission File Number: 001-41404
Woodside Energy Group Ltd
(ABN 55 004 898 962)
(Registrant’s name)
Woodside Energy Group Ltd
Mia Yellagonga, 11 Mount Street
Perth, Western Australia 6000
Australia
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
EXHIBIT INDEX
| Exhibit No. |
Description | |
| 99.1 | A copy of the registrant’s ASX Announcement, dated July 22, 2026, entitled “Sustainability Focus Session 2026”. | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: July 22, 2026
| WOODSIDE ENERGY GROUP LTD | ||
| By: | /s/ Damien Gare | |
| Damien Gare Corporate Secretary | ||
Exhibit 99.1
| Announcement |
| |
| Wednesday, 22 July 2026 | Woodside Energy Group Ltd. ACN 004 898 962 Mia Yellagonga 11 Mount Street Perth WA 6000 Australia T +61 8 9348 4000 www.woodside.com
ASX: WDS NYSE: WDS | |
SUSTAINABILITY FOCUS SESSION 2026
An overview of Woodside’s approach to process safety, including a question-and-answer session, was provided to investors today by Woodside’s Executive Vice President Sustainability, Policy and External Affairs Tony Cudmore and Executive Vice President Technical and Energy Development Julie Fallon.
A copy of the presentation is attached.
| INVESTORS
Vanessa Martin M: +61 477 397 961 E: investor@woodside.com |
MEDIA
Christine Abbott M: +61 484 112 469 E: christine.abbott@woodside.com |
|
This announcement was approved and authorised for release by Woodside’s Disclosure Committee.
Sustainability Focus Session Woodside’s process safety approach 22 July 2026
Disclaimers Information This presentation has been prepared by Woodside Energy Group Ltd (“Woodside”). All information included in this presentation, including any forward-looking statements, reflects Woodside’s views held as at the date of this presentation and, except as required by applicable law, neither Woodside, its related bodies corporate, nor any of their respective officers, directors, employees, advisers or representatives (“Beneficiaries”) intends to, undertakes to, or assumes any obligation to, provide any additional information or update or revise any information or forward-looking statements in this presentation after the date of this presentation, either to make them conform to actual results or as a result of new information, future events, changes in Woodside’s expectations or otherwise. Past performance (including historical financial and operational information) is not necessarily a reliable indicator of future performance. 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Those statements and any assumptions on which they are based are subject to change without notice and are subject to inherent known and unknown risks, uncertainties, assumptions and other factors, many of which are beyond the control of Woodside, its related bodies corporate and their respective Beneficiaries. If any of the assumptions on which a forward-looking statement is based were to change or be found to be incorrect, this would likely cause outcomes to differ from the statements made in this presentation. Climate strategy and emissions data For more information on Woodside's climate strategy and performance, including further details regarding Woodside's targets, aspirations and goals and the underlying methodology, judgements, assumptions and contingencies, refer to Woodside’s 2025 Climate and Sustainability Summary, available on the Woodside website at https://www.woodside.com/sustainability and section 3.6 of Woodside’s 2025 Annual Report. The footnotes in this presentation provide clarification regarding the use of terms such as "lower-carbon“ under Woodside's strategy. A full glossary of terms used in connection with Woodside's strategy is contained in Woodside’s 2025 Annual Report. Other important information References to “Woodside” may be references to Woodside Energy Group Ltd and/or its applicable subsidiaries (as the context requires). This presentation does not include any express or implied prices at which Woodside will buy or sell financial products. A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
Executive Vice President Sustainability, Policy and External Affairs Tony Cudmore
Sustainability is embedded in the way we do business, reflecting our values, supporting decision-making and business performance Committed to keeping our people and communities safe, and respecting the environment Key to this is the effective management of process safety and supporting safe and reliable operations Our sustainability approach
For Woodside, a lower-carbon portfolio is one from which the net equity Scope 1 and 2 GHG emissions, which includes the use of offsets, are being reduced towards targets, and into which new energy products and lower-carbon services are planned to be introduced as a complement to existing and new investments in oil and gas. Our Climate Policy sets out the principles that we believe will assist us to achieve this aim. Woodside uses the term ‘lower-carbon’ to describe the characteristic of having lower levels of associated potential GHG emissions when compared to historical and/or current conventions or analogues, for example relating to an otherwise similar resource, process, production, facility, product or service, or activity. Woodside’s Board approved policies are available on our website at woodside.com. Health, safety and wellbeing Operating safely and protecting the health of our workforce Climate and the energy transition Our aspiration is to thrive through the energy transition with a low-cost, lower-carbon, profitable, resilient and diversified portfolio1 Social and economic impact Create social and economic value for the communities where we are active Indigenous Peoples cultural heritage and engagement Create positive economic, social and cultural outcomes that leave a lasting legacy with Indigenous Peoples communities Environment and biodiversity Embed environmental and biodiversity management and opportunities in our approach and decision-making Conducting our business sustainably
Executive Vice President Technical and Energy Development Julie Fallon
Safety remains Woodside’s highest priority; it is central to our values, our integrity and who we are as a company Our activities present process safety, personal safety and health and wellbeing risks that must be managed Process safety is about keeping hazardous materials safely contained and preventing events due to loss of primary containment Introduction to process safety
Woodside’s process safety approach 1 Capability as a control The capability of people making process safety decisions is defined by our Process Safety Competency Program 2 Structured system Application of the People, Process, Plant approach helps identify, assess and control risk across the full asset lifecycle, supported by the hierarchy of controls 3 Governance and accountability Process safety is embedded through clear accountabilities and leadership from Board to the frontline An integrated approach to process safety
Process Safety Management Framework implementation Gippsland Basin has an existing PSM competency program, a comparison against Woodside’s PSM Framework will be performed in the next phase. 2015 Establishing the foundation Managing process safety since 1984 Company-wide Process Safety Management (PSM) initiative established Adopted Energy Institute PSM Framework (1st edition) benchmark 2021 Expanding and aligning across portfolios BHPP adopted the same PSM Framework benchmark BHPP integration planning established a common approach to managing process safety risk Sustained investment with a focus on strengthening capability, consistency and performance in managing major hazard risk 2022 Woodside and BHPP merger integration and enhancement Adopted Energy Institute PSM Framework (2nd edition) across the business Management systems harmonised to incorporate best-practice approaches 2024+ Focus on strengthening performance and assurance 15% Safety metric added to Corporate Scorecard Senior/Advanced Process Safety Critical Role (PSCR) competency established as leading indicator New East Australia employees to be integrated1
Scale and assurance of the Process Safety Competency Program Structured across four levels, from foundational to expert, reflecting influence on major hazard risk Senior leaders and technical specialists in advanced and expert roles are accountable for the most critical process safety decisions Assessment of advanced and expert level roles provides assurance where risk is greatest1 Capability embedded across the business Process Safety Critical Role (PSCR) competency levels PSCR EXPERT Provides independent assurance and strategic direction for major hazard risk management Greater decision accountability Increasingly rigorous training, assessment and assurance PSCR ADVANCED Leads higher-consequence decisions and provides specialist process safety expertise PSCR INTERMEDIATE Makes independent decisions to manage process safety risks and critical safeguards PSCR FOUNDATIONAL Applies process safety requirements in day-to-day activities The assessment is performed by people with PSCR Expert level competency,
Hierarchy of controls: a layered approach to managing major hazard risk Risks are managed through a hierarchy of controls, from elimination through to personal protective equipment (PPE) Controls at the top are most effective because they remove or reduce the hazard at the source Controls further down rely more on systems, procedures or human response, and are therefore less reliable on their own Safety is designed into our facilities through the hierarchy of controls Hierarchy of control
Video: Scarborough process safety applied in practice Process safety in design at Scarborough
Governance and accountability Process safety is overseen by the Board and supported by the Sustainability Committee Accountabilities embedded for managing major hazard risk Safety metrics make up 15% of Corporate Scorecard Audit, assurance and independent review test system effectiveness and identify improvement opportunities
This is a measure of an unplanned or uncontrolled release of energy or loss of primary containment (LOPC) of any material including non-toxic and non-flammable materials from a process with the potential to cause harm. Process safety events are classified as Tier 1 – LOPC of greatest consequence or Tier 2 – LOPC of lesser consequence. As defined by American Petroleum Institute (API) recommended practice 754. A typical Tier 1 process safety event is loss of containment of hydrocarbons greater than 500 kg (in any one-hour period). A typical Tier 2 process safety event is loss of containment of hydrocarbons greater than 50 kg but less than 500 kg (in any one-hour period). Performance managed through leading and lagging indicators Loss of primary containment process safety events provide a measure of major hazard outcomes Process safety requires ongoing vigilance, with a continuous focus on risks and controls Performance is complemented by proactive indicators focused on control effectiveness, capability and embedding learnings from events In 2025, we achieved 98% senior process safety critical roles conformance (above target of 95%) Tier 12 Tier 23 Process safety events1
Key takeaways 1 Capability as a control The capability of people in process safety decision-making roles is clearly defined, developed and independently assured 2 Structured system Major hazard and process safety risk is managed through a disciplined Process Safety Management system applied consistently across the business 3 Governance and accountability Process safety is embedded from Board to frontline, integrating performance and oversight
Question and answer Further information on our approach to Safety and Process Safety can be found at woodside.com/sustainability including: Health and Safety Policy Health and Safety Data Table Woodside’s health, safety and wellbeing webpage Executive Vice President Sustainability, Policy and External Affairs Tony Cudmore Executive Vice President Technical and Energy Development Julie Fallon
Sustainability Focus Session