Woodside Energy Group reports 1H results; updates FY outlook

* Woodside Energy Group press release [https://seekingalpha.com/pr/20204371-woodside-energy-releases-2025-half-year-results] (NYSE:WDS [https://seekingalpha.com/symbol/WDS]): 1H Revenue of $6.59B (+10.0% Y/Y) misses by $70M.
* Delivered production of 548 Mboe/d (99.2 MMboe) and reduced unit production costs to $7.7/boe.
* Achieved net profit after tax of $1,316 million.
* Delivered strong EBITDA of $4,600 million from underlying base business.1
* Delivered operating cash flow of $3,339 million.
* Disciplined capital management resulted in strong liquidity of $8,430 million and gearing of 19.5%, within the target range.
* On track to meet Woodside’s net equity Scope 1 and 2 greenhouse gas emissions reduction target of 15% by 2025.

2025 FULL-YEAR GUIDANCE

PRIOR

CURRENT

Production4

MMboe

99.2

89.3

11%

186 - 196

188 - 195

Gas hub exposure5

% of produced LNG

24.2%

34.0%

(9.8%)

28 - 35

No change

Unit production cost1

$/boe

7.7

8.3

(7%)

8.5 - 9.2

8.0 - 8.5

Property, plant and equipment depreciation and amortisation

$ million

2,541

1,893

34%

4,500 - 5,000

4,700 - 5,000

Exploration expenditure1

$ million

86

112

(23%)

200

No change

Payments for restoration

$ million

565

325

74%

700 - 1,000

No change

Capital expenditure (excluding Louisiana LNG)1

$ million

1,773

2,365

(25%)

4,500 - 5,000

4,000 - 4,500

Net capital expenditure on Louisiana LNG1,6

$ million

785

—

—

This page and the following 65 pages comprise the half year end information given to the ASX under Listing Rule 4.2A and should be read in conjunction with Woodside’s Annual Report 2024.

MORE ON WOODSIDE ENERGY GROUP

* Woodside Energy: The Jewel In The Calcasieu Parish [https://seekingalpha.com/article/4795553-woodside-energy-the-jewel-in-the-calcasieu-parish]
* Woodside Energy to take over Bass Strait operations from Exxon [https://seekingalpha.com/news/4473340-woodside-energy-to-take-over-bass-strait-operations-from-exxon]
* Woodside Energy Group reports Q2 results; updates FY25 outlook [https://seekingalpha.com/news/4470344-woodside-energy-group-reports-q2-results-updates-fy25-outlook]
* Historical earnings data for Woodside Energy Group [https://seekingalpha.com/symbol/WDS/earnings]
* Dividend scorecard for Woodside Energy Group [https://seekingalpha.com/symbol/WDS/dividends/scorecard]