Key points
- Woodside reported a 13% increase in operating revenue to $7,446 million
- Net profit after tax (NPAT) rose 27% to $1,672 million
- Determined a fully franked interim dividend of 57 US cents per share
- Progressed major projects with Scarborough at 98%, Trion at 64%, and Louisiana LNG at 28% complete
- Gearing at 20.6%, marginally outside the target range of 10-20%
Full summary
Woodside Energy Group Ltd released its Half-Year 2026 Report, highlighting a 13% increase in operating revenue to $7,446 million. The company reported a net profit after tax (NPAT) of $1,672 million, a 27% increase from the previous year. The directors determined a fully franked interim dividend of 57 US cents per share, representing an 80% payout ratio of underlying NPAT. Major projects progressed significantly, with Scarborough at 98%, Trion at 64%, and Louisiana LNG at 28% complete. Operational reliability remained high, with LNG facilities achieving 98.7% reliability. The company maintained strong liquidity of $8,189 million, with gearing at 20.6%, slightly outside the target range of 10-20%.
Guidance
2026 full-year total production volumes: 172 - 186 MMboe; Capital expenditure: $4,000 - $4,500 million
Outlook
Woodside remains focused on disciplined execution, safety, and value delivery. The company aims to achieve an annual cost savings target of $350 million from 2028.