• Quarterly production of 50.1 MMboe, up 2% from Q1 2025
• Exceptional performance from Sangomar with 101 Mbbl/d produced
• Final investment decision on Louisiana LNG Project unlocks future value

Woodside Energy Group Ltd delivered strong operational and financial performance in the second quarter of 2025, with quarterly production of 50.1 MMboe, up 2% from the previous quarter. The company maintained exceptional performance from the Sangomar field, with 101 Mbbl/d produced (100% basis, 81 Mbbl/d Woodside share), contributing $510 million in revenue for the quarter. Woodside also achieved a strong realised quarterly price of $62/boe for produced LNG, benefiting from diversified pricing and optimization. The company entered into two long-term LNG supply agreements with Uniper and signed non-binding heads of agreements with JERA and PETRONAS. Woodside's major projects continued to progress, with the Scarborough Energy Project 86% complete and on track for first LNG cargo in the second half of 2026, and the Trion Project 35% complete and targeting first oil in 2028. The company also announced the final investment decision to develop the Louisiana LNG Project, a three-train, 16.5 Mtpa facility, positioning Woodside as a global LNG powerhouse. Woodside maintained financial discipline, issuing $3.5 billion of senior unsecured bonds in the US market and completing the sell-down of a 40% interest in Louisiana LNG Infrastructure LLC to Stonepeak for $1.9 billion. The company also completed the divestment of the Greater Angostura assets in Trinidad and Tobago for $259 million. Woodside's decommissioning activities continued, with some unexpected challenges leading to increased cost estimates. The company remains focused on delivering its major projects on schedule and budget, executing multiple projects with strong safety performance and cost control.

Woodside updated its full-year 2025 production guidance to 188-195 MMboe and reduced its full-year unit production cost range to $8.0-$8.5 per boe.

Woodside continues to focus on delivering its major projects, including Scarborough, Trion, and Louisiana LNG, on schedule and budget, while maintaining financial discipline and exploring further sell-down opportunities for Louisiana LNG to reduce capital expenditure risk.