Annual Report 2025

• Delivered record annual production, underpinned by outstanding performance at Sangomar
• Achieved FID on Louisiana LNG, with new strategic partners Stonepeak and Williams
• Significant progress on Pluto Train 2 and Scarborough Energy Project
• Refined portfolio with divestment of Greater Angostura and Bass Strait operator transition

Woodside Energy Group Ltd reported its 2025 annual results, highlighting strong financial and operational performance. The company delivered record annual production of 198.8 MMboe, underpinned by outstanding performance at the Sangomar project. Woodside also achieved a final investment decision on the Louisiana LNG project, bringing on new strategic partners Stonepeak and Williams, and made significant progress on the Pluto Train 2 and Scarborough Energy Project. The company refined its portfolio with the divestment of the Greater Angostura asset and the transition of Bass Strait operator. Woodside maintained a robust balance sheet, with gearing of 18.2% and liquidity of $9.3 billion, supporting its ability to deliver sustained returns to shareholders, including a final dividend of 59 US cents per share. The company continued to focus on emissions reduction, targeting a 15% decrease in net equity Scope 1 and 2 greenhouse gas emissions by 2025 compared to a starting base. Woodside's strong operational performance, project execution, and financial discipline have positioned the company to capitalize on growing global energy demand and deliver sustained shareholder value.

Woodside is targeting a 15% reduction in net equity Scope 1 and 2 greenhouse gas emissions by 2025 compared to a starting base representative of the gross annual average equity Scope 1 and 2 emissions over 2016-2020.