Woodside reports 3% rise in 2025 production to 198.8mboe

Woodside Energy has announced its fourth-quarter results for the play ending 31 December 2025 (Q4 2025), highlighting a 3% summation successful its yearly accumulation to 198.8 cardinal barrels of lipid equivalent (mboe), compared to 193.9mboe successful 2024.

This show exceeded the company's accumulation guidance of 192–197mboe, driven by sustained accumulation astatine the Sangomar tract and 100% reliability astatine Pluto LNG during the second fractional of the twelvemonth (H2).

In Q4 2025, Woodside reported accumulation of 48.9mboe, a 4% alteration from the erstwhile quarter, attributed to seasonal upwind conditions and reduced request connected Australia's eastbound coast.

In presumption of fiscal performance, the Australia-based vigor company’s Q4 gross was $3.03bn, a alteration from the erstwhile quarter, attributed to little accumulation and realised prices. The mean realised terms for the 4th was $57 per tube of lipid equivalent, reflecting a 5% diminution from Q3.

The company’s gross for the afloat twelvemonth 2025 was $12.98bn, a 1% alteration compared to 2024.

Leadership changes were announced during Q4 with Liz Westcott appointed arsenic acting CEO pursuing the resignation of Meg O’Neill. The institution is expected to denote a imperishable CEO assignment successful Q1 2026.

For the ongoing year, Woodside projects accumulation volumes of betwixt 172 and 186mboe. This includes hydrocarbons and Beaumont New Ammonia volumes.

A large turnaround is planned for Pluto LNG Train 1 successful Q2, expected to past astir 5 weeks.

Capital expenditure (capex) for 2026 is projected to beryllium betwixt $4bn and $4.5bn, with important allocations to the Louisiana LNG, Scarborough and Trion projects.

Westcott said: “We achieved grounds yearly accumulation of 198.8mboe successful 2025. This show was driven by sustained plateau accumulation astatine Sangomar done precocious October and Pluto LNG operating astatine 100% reliability for the 2nd fractional of the year.

“In caller days we marked a peculiar milestone for the Scarborough Energy Project with the harmless accomplishment of the floating accumulation portion astatine the tract and commencement of hook-up activities.”

According to Woodside, the Scarborough Energy Project successful Australia was 94% implicit by the extremity of 2025. With the accomplishment of the floating accumulation portion and the hook-up activities successful progress, the task is connected way for its archetypal liquefied earthy state (LNG) cargo successful Q4 2026.

In the US, Woodside precocious its Louisiana LNG Project, which was 22% implicit astatine the extremity of the quarter. The task is targeting archetypal LNG accumulation successful 2029.

A strategical concern was formed with Williams, involving the merchantability of a 10% involvement successful Louisiana LNG and an 80% involvement successful Driftwood Pipeline. This transaction is expected to represent astir $1.9bn successful capex.