• Record production of 198.8 million barrels of oil equivalent (MMboe), or 545 Mboe/day
• Net profit after tax (NPAT) of $2,718 million (24% lower from 2024) and underlying NPAT of $2,649 million (8% lower from 2024)
• Fully franked final dividend of US 59 cents per share, bringing the full-year fully franked dividend to US 112 cps

Woodside today reported record production of 198.8 million barrels of oil equivalent (MMboe), or 545 Mboe/day, for the full year 2025. The result was underpinned by outstanding production performance at Sangomar, producing at nameplate capacity for most of the year, and world-class reliability at Woodside's operated Pluto LNG and NWS Project assets. Record production offset lower realised prices resulting in net profit after tax (NPAT) of $2,718 million (24% lower from 2024) and underlying NPAT of $2,649 million (8% lower from 2024). The Directors have determined a final dividend of US 59 cents per share (cps), which brings the full-year fully franked dividend to US 112 cps and maintains payout ratio at the top of the range at 80%. The value of the full-year dividend is $2.1 billion. Woodside Acting CEO Liz Westcott said the record annual production in 2025 exceeded the guidance range and unit production cost decreased 4% from 2024 to $7.8 per barrel of oil equivalent, demonstrating cost discipline. Key strategic achievements in 2025 included taking a positive FID on the $17.5 billion Louisiana LNG project, adding Stonepeak and Williams as strategic partners, refining the portfolio through the Greater Angostura divestment and Chevron asset swap, and commencing first production at Beaumont New Ammonia. Woodside's other major cash-generative growth projects, including Scarborough and Trion, also progressed to budget and schedule. The company achieved its 2025 target of a 15% reduction in net equity Scope 1 and 2 greenhouse gas emissions below the starting base.

Woodside's 2026 objectives are to ramp up Beaumont, deliver first LNG cargo from Scarborough, and continue progressing Louisiana LNG and Trion to schedule and budget.