WOODSIDE ENERGY GROUP LTD (WOPEF) SEC Filings

Woodside Energy Group Ltd (WDS) reported a strong first half of 2026, highlighting 86.5 million barrels of oil equivalent production, EBITDA of $4.6 billion and underlying net profit after tax of $1.3 billion. Free cash flow rose by more than 150% year on year, and operating cash flow was $3 billion. The board declared a fully franked interim dividend of $0.57 per share, at the top of the 50–80% payout range.

Liquidity stood at $8.2 billion, with gearing of 20.6% during a capital‑intensive phase. Major projects advanced well: Scarborough LNG was 98% complete and targeting first cargo in Q4 2026, Trion was 64% complete targeting first oil in 2028, and Louisiana LNG was 28% complete with strong partner and offtake interest. Sangomar contributed 15 million boe at 99.5% reliability and has generated $3.8 billion of EBITDA since start‑up.

Management announced a structural cost reduction target of $350 million per year from 2028 and confirmed about 75% of LNG volumes are contracted through 2028. The company will adopt a single, disciplined capital strategy, undertake a strategic review of the Beaumont New Ammonia asset, and has retired its Scope 3 investment and emissions abatement targets while maintaining its 2030 Scope 1 and 2 reduction goal.

Woodside Energy Group Ltd (WDS) reported H1 2026 operating revenue of $7,446 million, up 13% year-on-year, and net profit after tax of $1,672 million, up 27%. Underlying NPAT rose 7% to $1,334 million, while free cash flow increased to $352 million.

Total production was 86.5 MMboe (478 Mboe/d), down 13%, but a higher average realised price of $74.0/boe (+20%) supported earnings. The board determined a fully franked interim dividend of 57 US cps, an 80% payout of underlying NPAT and a 5.9% annualised yield.

Major growth projects advanced: the Scarborough Energy Project is 98% complete targeting first LNG in Q4 2026; the Trion oil project is 64% complete targeting 2028 first oil; and Louisiana LNG’s foundation phase is 28% complete targeting first LNG in 2029. Gearing was 20.6%, slightly above the 10–20% target range, with liquidity of $8,189 million.

Woodside Energy Group reported Q2 2026 operating revenue of $4,185 million, up 28% from Q2 2025, supported by a higher average realised price of $85/boe. Total production was 41.3 MMboe, down 18% year on year, as gas and liquids volumes declined while ammonia output increased.

The company narrowed 2026 full‑year production guidance to 174–185 MMboe, with other guidance unchanged, including capital expenditure of $4,000–4,500 million and production costs of $1,500–1,800 million. Half‑year 2026 guidance includes impairment losses of $160–200 million and a statutory PRRT benefit of $210–410 million.

Major growth projects continued to advance: the Scarborough Energy Project is 98% complete and targeting first LNG cargo in Q4 2026; Trion is 64% complete with first oil targeted in 2028; and Louisiana LNG is 28% complete and targeting first LNG in 2029. Woodside also exercised its pre‑emption right to acquire PetroChina’s 10.67% interest in Browse, which would lift its equity in the Browse Joint Venture to 41.27% on completion.

Woodside Energy Group Ltd held its 2026 Sustainability Focus Session on process safety, explaining how strong sustainability and safety performance underpin its strategy through the energy transition. The company highlighted five material sustainability topics: health, safety and wellbeing; Indigenous Peoples cultural heritage and engagement; social and economic impact; environment and biodiversity; and climate and the energy transition, noting progress across all areas in early 2026.

Leaders described a company-wide Process Safety Management framework aligned with the Energy Institute’s framework and applied via a People, Process and Plant model and hierarchy of controls from design through decommissioning. Governance runs from the Board and Sustainability Committee through to frontline teams, with safety metrics embedded in the Corporate Scorecard and supported by audits and independent reviews. In 2025, senior Process Safety Critical Roles achieved 98% conformance, above the 95% target, with zero Tier 2 process safety events and one Tier 1 event during Griffin decommissioning, described as short term and localised with no lasting environmental impact; 2024 saw two Tier 2 events. Woodside outlined design features on the Scarborough Floating Production Unit to reduce major accident risk, integration of new assets such as Beaumont New Ammonia and Gippsland Basin into its framework, a structured four-level competency program, a culture of “chronic unease” and speak-up reporting, and selective use of AI tools such as an LNG train start-up advisor to support, rather than replace, human decision-making.

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.

Woodside Energy Group Ltd has filed a Form 6-K to provide an ASX Appendix 3Z, which is a Final Director’s Interest Notice. The filing records that director Anthony Martin O’Neill ceased to be a director on 1 July 2026. In Part 1 of the notice, all fields relating to his relevant interests as a registered holder of securities are marked N/A, indicating no disclosed holdings in that specific capacity at the time of cessation.

Woodside Energy Group Ltd reported that Tony O’Neill has announced his intention to resign as a non-executive Director, effective 1 July 2026. He joined the Board in June 2024 and has served on the Audit & Risk, Sustainability, and Nominations & Governance committees. The Chair highlighted his contributions on sustainability, decarbonisation and operational performance during what was described as a transformative period for the company, and thanked him for his leadership and focus on delivering value for shareholders.

Woodside Energy Group Ltd filed a Form 6-K providing an ASX announcement titled “Response to media speculation.” The company states it is not aware of any proposal and confirms it is not in discussions about a potential transaction with Exxon Mobil Corporation. Woodside also notes it will continue to comply with its continuous disclosure obligations, and the announcement was approved for release by its Disclosure Committee.

Woodside Energy Group Ltd has exercised its pre-emption right to acquire PetroChina International Investment (Australia) Pty Ltd’s 10.67% participating interest in the Browse Joint Venture, matching the terms of PetroChina’s agreed sale to a subsidiary of INPEX CORPORATION.

The Browse resource is described as Australia’s largest undeveloped conventional gas resource, with potential production of 11.4 million tonnes per annum of LNG, LPG and domestic gas. After completion, and assuming no other joint venture participant also pre-empts, Woodside’s equity interest in the Browse Joint Venture will rise to 41.27%. Woodside positions this as a disciplined, capital-efficient way to support its proposed Browse to North West Shelf integrated development concept, which it expects could deliver long-term cash flow potential and wider economic benefits. The acquisition is subject to customary conditions precedent, including regulatory approvals.