• Woodside reported quarterly operating revenue of $4,185 million, up 28% from Q1 2026.
• Achieved strong average realized price of $85/boe, up 35% from the prior quarter.
• Production volumes were 41.3 MMboe, down 9% due to planned maintenance and cyclone impacts.
• Scarborough Energy Project is 98% complete and on track for first LNG cargo in Q4 2026.
• Exercised pre-emption rights to acquire PetroChina International Investment's 10.67% interest in Browse.

Woodside Energy Group Ltd reported a 28% increase in quarterly operating revenue to $4.185 billion for the second quarter of 2026, driven by a strong average realized price of $85/boe. Production volumes were 41.3 million barrels of oil equivalent (MMboe), a 9% decrease from Q1 2026 due to planned maintenance and recovery from cyclone impacts. Operational reliability exceeded 99% at Sangomar and Shenzi, and 97% at North West Shelf Project LNG and Pluto LNG. The Scarborough Energy Project is 98% complete and remains on track for first LNG cargo in Q4 2026. The Trion Project is 64% complete, targeting first oil in 2028. The Louisiana LNG Project is 28% complete, targeting first LNG in 2029. Woodside also exercised pre-emption rights to acquire PetroChina International Investment's 10.67% interest in Browse, reinforcing its commitment to progressing the Browse to North West Shelf development concept.

2026 full-year production volumes 172-186 MMboe, gas hub exposure ~30%, capital expenditure $4,000-4,500 million

Woodside expects sustained production performance and asset reliability to provide greater certainty around expected full-year outcomes. The company continues to deliver its major growth projects to budget and schedule.