Third Quarter 2025 Report
| Stock | Woodside Energy Group Ltd (WDS.ASX) |
|---|---|
| Release Time | 22 Oct 2025, 8:56 a.m. |
| Price Sensitive | Yes |
Woodside Delivers Strong Quarterly Performance
- Quarterly production of 50.8 MMboe, up 1% from Q2 2025
- Exceptional performance from Sangomar, generating $477 million revenue
- Achieved outstanding reliability of 100% at Pluto LNG and 99.9% at North West Shelf
Woodside Energy Group Ltd delivered a solid operational performance in the third quarter of 2025, with quarterly production of 50.8 MMboe, up 1% from the previous quarter. The company's Sangomar field continued its exceptional performance, producing 99 Mbbl/d (100% basis, 82 Mbbl/d Woodside share) and generating $477 million in revenue for the quarter. Woodside also achieved outstanding reliability of 100% at Pluto LNG and 99.9% at the North West Shelf Project. The company's major growth projects, including the Scarborough Energy Project, Beaumont New Ammonia, and Louisiana LNG, continued to progress on schedule and budget. Woodside received final environmental approval from the Australian Government for the North West Shelf Project Extension, enabling continued operations beyond 2030. The company also agreed to assume operatorship of the Bass Strait assets, unlocking potential development of additional gas resources. Woodside's customer demand for LNG remains robust, with the company signing a sales and purchase agreement with PETRONAS and a heads of agreement with BOTAŞ for long-term LNG supply.
2025 full-year production guidance revised to 192 - 197 MMboe, with unit production cost of $7.6 - $8.1/boe and property, plant and equipment depreciation and amortisation of $4,800 - $5,100 million. Capital expenditure (excluding Louisiana LNG) is expected to be $3,700 - $4,000 million.
Woodside continues to progress its global portfolio of growth projects, including the Scarborough Energy Project, Beaumont New Ammonia, and Louisiana LNG, to drive long-term shareholder value. The company is also exploring opportunities to collaborate on the development of a liquid hydrogen supply chain between Western Australia and Japan.