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Woodside Energy Third Quarter Report for Period Ended 30 September 2026

Business Wire•20/10/2026•22:40 ET
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Key Highlights

  • ➤Q3 operating revenue $4,281 million, up 2% from Q2 2026
  • ➤Q3 production 46.2 MMboe, up 12% from Q2 2026
  • ➤Realised LNG price $84/boe, up 27% quarter-on-quarter
  • ➤Scarborough Energy Project 99% complete, targeting first LNG cargo in Q4 2026
  • ➤2026 production guidance narrowed to 174—185 MMboe from 174—181 MMboe
  • ➤Woodside agreed to sell its 70% Calypso interest to bp

Expert Statements

Liz Westcott, CEO of Woodside Energy

“Amid ongoing volatility in global energy markets, we have remained a reliable supplier to our customers. Increased quarterly operating revenue reflected increased production and strong realised prices.”

Liz Westcott, CEO of Woodside Energy

“We delivered quarterly production of 46.2 million barrels of oil equivalent, up 12% from the previous quarter following the successful completion of the Pluto LNG turnaround in the second quarter and the NWS turnaround in the third quarter.”

Liz Westcott, CEO of Woodside Energy

“We maintained outstanding reliability across our global portfolio, with reliability of 99.8% at Pluto LNG and 99.3% at the NWS Project in Australia, and 99.2% at Sangomar in Senegal.”

Liz Westcott, CEO of Woodside Energy

“We recorded three process safety events during the quarter. Safety remains our highest priority and we are focused on applying the lessons learned from these incidents and strengthening our controls in this vitally important area.”

Liz Westcott, CEO of Woodside Energy

“We continued executing our major growth projects to budget and schedule. The Scarborough Energy Project is now 99% complete, with gas from the Scarborough reservoir introduced into the FPU and exported into the trunkline during the quarter. We remain on track for first LNG cargo this year.”

Liz Westcott, CEO of Woodside Energy

“The Trion Project is now 71% complete and targeting first oil in 2028. Fabrication of the FPU is well advanced, with integration and pre-commissioning activities underway.”

Liz Westcott, CEO of Woodside Energy

“Louisiana LNG is targeting first LNG in 2029, with construction progressing across all three trains and the project 32% complete.”

Liz Westcott, CEO of Woodside Energy

“We continued to optimise our portfolio through the ongoing integration of the Gippsland Basin assets and divestment of our operated interest in the Calypso Project. Following completion of the Beaumont New Ammonia strategic review, we will now initiate a formal process to reduce our investment and achieve value for our shareholders. These actions demonstrate our disciplined approach to portfolio management and capital allocation, with a clear focus on investments that deliver long-term shareholder value.”

Liz Westcott, CEO of Woodside Energy

“We remain committed to supplying Australia’s domestic gas market and are assessing our plans for four proposed development wells in the Bass Strait. Development will depend on technical assessments and the implications of the Federal Government’s domestic gas reservation scheme.”

Woodside Energy Third Quarter Report for Period Ended 30 September 2026

* Achieved $84/boe realised LNG price during Q3 2026, an increase of 27% compared to Q2 2026 reflecting price lags from Q2 2026, realised values from LNG portfolio optimisation undertaken in Q2 2026 and stronger gas hub market pricing.

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