Half-Year 2025 Report
| Stock | Woodside Energy Group Ltd (WDS.ASX) |
|---|---|
| Release Time | 19 Aug 2025, 8:31 a.m. |
| Price Sensitive | Yes |
Woodside Energy Group Ltd reports strong H1 2025 results
- Delivered production of 548 Mboe/d and reduced unit production costs to $7.7/boe
- Achieved strong progress on major projects including Scarborough, Trion, and Louisiana LNG
- Recorded over one million work hours at Sangomar with no recordable injuries
Woodside delivered strong half-year production of 548 thousand barrels oil equivalent per day (99.2 million barrels of oil equivalent total) and reported a half-year net profit after tax (NPAT) of $1,316 million. Underlying NPAT was $1,247 million, compared to $1,632 million in the corresponding period in 2024. Operating revenue rose 10% year-on-year to $6,590 million. The directors have determined a fully franked interim dividend of 53 US cents per share (cps), representing an 80% payout ratio of underlying NPAT, and an annualized yield of 6.9%. Woodside's world-class business is rewarding shareholders with strong dividends today, while ensuring the balance sheet strength to deliver major growth projects. The outstanding performance of Woodside's high-quality assets over the first half has continued to support safe, reliable operations, complemented by a strong focus on cost management. A highlight was the ongoing exceptional performance of the Senegal Project, which marked one year since first oil in June 2024. Woodside's excellence in project delivery was further demonstrated with the Scarborough Energy Project in Western Australia 86% complete and the Trion Project offshore Mexico 35% complete. In April, Woodside took a final investment decision on Louisiana LNG, positioning the company as a global LNG powerhouse. Safety remains a top priority, with significant milestones achieved across the global portfolio.
Production: 188 - 195 MMboe Unit production cost: $8.0 - $8.5/boe Property, plant and equipment depreciation and amortisation: $4,700 - $5,000 million Exploration expenditure: $200 million Payments for restoration: $700 - $1,000 million Capital expenditure (excluding Louisiana LNG): $4,000 - $4,500 million
Woodside's world-class business is rewarding shareholders with strong dividends today, while ensuring the balance sheet strength to deliver major growth projects. The company's excellence in project delivery has been further demonstrated, with significant progress made on key projects including Scarborough, Trion, and Louisiana LNG. Woodside is positioning itself as a global LNG powerhouse able to meet growing customer demand in the Pacific and Atlantic Basins.