Woodside Energy Releases Third Quarter Report for Period Ended 30 September 2025

Core Insights - Woodside Energy Group reported a strong quarterly performance with production reaching 50.8 million barrels of oil equivalent (MMboe), a 1% increase from Q2 2025, and revised full-year production guidance to 192-197 MMboe [5][12][43] - The company achieved a quarterly revenue of $3.359 billion, reflecting a 3% increase from the previous quarter, driven by strong performance from its assets, particularly the Sangomar field [12][45] - Significant progress was made on key projects, including the Scarborough Energy Project, which is 91% complete and on track for first LNG in the second half of 2026 [5][9][21] Quarterly Performance Highlights - Production for the quarter was 50.8 MMboe, with an average realized price of $60/boe, benefiting from diversified pricing strategies [5][12] - Sangomar field produced 99 thousand barrels of oil per day, generating $477 million in revenue for the quarter [5][7] - Pluto LNG achieved 100% reliability during the quarter, contributing to overall operational excellence [5][7] Project Highlights - The Scarborough Energy Project is 91% complete, with first LNG expected in H2 2026 [5][9] - The Beaumont New Ammonia Project is 97% complete, targeting first ammonia production by late 2025 [5][10] - The Louisiana LNG Project is 19% complete, with Train 1 at 25% completion and first LNG targeted for 2029 [5][10] Business and Portfolio Highlights - Woodside received final environmental approval for the North West Shelf Project Extension, allowing operations to continue beyond 2030 [5][8] - The company completed the divestment of the Greater Angostura assets for $259 million [5][19] - Agreements were made for long-term LNG supply with PETRONAS and BOTA, enhancing Woodside's market position [5][11][23] Financial Overview - Capital expenditure for the quarter was $1.323 billion, a 76% increase from Q2 2025, primarily due to ongoing project developments [12][46] - The company maintained liquidity of approximately $8.3 billion as of September 30, 2025 [38] - Woodside's hedging strategy resulted in an estimated pre-tax profit of $139 million for the quarter [41]