Source document
| Revenue — GREEN | A$2.0M |
|---|
| Metric | Value | Flag |
|---|---|---|
| Revenue | A$2.0M | GREEN |
Sections in this filing
Second Quarter 2026 Report
SECOND QUARTER REPORT FOR PERIOD ENDED 30 JUNE 2026 ASX: WDS | NYSE: WDS Wednesday, 29 July 2026 Sangomar delivers and Scarborough advances Performance highlights • Delivered quarterly operating revenue of $4,185 million, up 28% on Q1 2026 and achieved a strong average realised price of $85/boe, up 35% on the prior quarter. • Delivered quarterly production volumes of 41.3 MMboe (454 Mboe/d), down 9% from Q1 2026 due to the planned maintenance at Pluto Train 1 and recovery from cyclone impacts. • Achieved exceptional operational reliability of more than 99% at Sangomar and Shenzi and more than 97% at North West Shelf Project LNG and Pluto LNG. • Continued impressive performance at Sangomar, producing at near nameplate capacity with average daily production of 99 Mbbl/d (100% basis, 86 Mbbl/d Woodside share).1 • Successfully delivered planned maintenance at Pluto Train 1 on schedule and budget, including critical tie- ins for Scarborough. Project highlights • The Scarborough Energy Project was 98% complete and remains on budget and on track for first LNG cargo in Q4 2026, with first gas from the Scarborough reservoir achieved subsequent to the period. • The Trion Project progressed to 64% complete and remains on budget, targeting first oil in 2028. • The Louisiana LNG Project remains on budget, targeting first LNG in 2029; it is 28% complete with Train 1 35% complete. Business and portfolio highlights • Exercised pre-emption rights to acquire PetroChina International Investment (Australia) Pty Ltd’s (CNPC) 10.67% participating interest in the Browse Joint Venture (BJV).2 • Entered a sale and purchase agreement with Alcoa for the supply of 31.1 PJ of domestic gas over the period 2027 to 2030. • Subsequent to the period, completed the transfer of operatorship for the Gippsland Basin assets from ExxonMobil to Woodside. • Completion of the asset swap with Chevron targeted for Q4 2026 remains on track. 2026 full-year guidance Prior Current Total production volumes3 MMboe 172-186 174-185 Gas hub exposure4 % ~30 No change Capital expenditure5,6,7,8 $ million 4,000 - 4,500 No change Abandonment expenditure $ million 500 - 800 No change Exploration expenditure $ million ~200 No change Production costs $ million 1,500 - 1,800 No change Feed gas, services and processing costs $ million 500 - 600 No change Property, plant and equipment depreciation and amor