Earnings ·
Woodside Energy Group Ltd reported second quarter 2026 operating revenue of $4,185 million and production volumes of…
WOPEFWoodside Energy Group Ltd
Woodside Energy Group Ltd reported second quarter 2026 operating revenue of $4,185 million and production volumes of 41.3 MMboe. The company narrowed its full-year total production guidance to 174-185 MMboe while maintaining capital expenditure forecasts between $4,000-$4,500 million. Key operational milestones include the Scarborough Energy Project reaching 98% completion with first gas achieved post-period, targeting first LNG cargo in Q4 2026. Woodside exercised pre-emption rights to acquire PetroChina’s 10.67% interest in the Browse Joint Venture for a $225 million payment plus contingent consideration, increasing its equity stake to 41.27%. Additionally, the company signed a gas supply agreement with Alcoa and assumed operatorship of Gippsland Basin assets from ExxonMobil. Woodside Energy Group Ltd is an integrated energy company engaged in the exploration, production, processing, and marketing of oil, natural gas, and liquefied natural gas.