Recent Updates — WOPEF

Woodside Energy Group has entered into an agreement with Timor Gap to sell its 33.44% participating interest in the Sunrise Joint Venture, including titles containing the Greater Sunrise fields, for total consideration of up to $200 million. The transaction structure includes US$13.71 million payable on completion, US$11.29 million following an affirmative Final Investment Decision, and US$175 million within 365 days of the commencement of loading of the first LNG cargo. Completion is subject to regulatory and joint venture approvals, with a target date in H1 2027. Following completion, Woodside will no longer hold an interest in the Sunrise Joint Venture. Woodside Energy Group Ltd operates as an independent energy company focused on the exploration, development, production, transportation, sale, and marketing of petroleum.

Woodside Energy Group Ltd reported half-year results for the period ended June 30, 2026, recording operating revenue of $7,446 million, a 13% increase year-over-year. Net profit after tax reached $1,672 million, with underlying NPAT at $1,334 million. The company delivered production of 86.5 MMboe (478 Mboe/d) and generated free cash flow of $352 million. Directors determined a fully franked interim dividend of 57 US cents per share, payable on September 4, 2026. Major projects progressed with Scarborough at 98% completion, targeting first LNG in Q4 2026, while Trion and Louisiana LNG advanced to 64% and 28% respectively. Woodside Energy Group Ltd is an integrated energy company engaged in the exploration, development, production, processing, transportation, and marketing of oil, gas, and liquefied natural gas.

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.

Woodside Energy Group Ltd held a Sustainability Focus Session on July 22, 2026, focusing on process safety management. The company reported achieving 98% conformance for senior Process Safety Critical Roles in 2025, exceeding its 95% target. During the session, management disclosed that in 2025, the company recorded zero Tier 2 process safety events and one Tier 1 process safety event involving an unexpected fluid release during decommissioning activities at Griffin. The company is also exploring the use of artificial intelligence to augment risk management and support complex operations like LNG train start-ups. Woodside Energy Group Ltd is an energy company involved in the exploration and production of oil and gas.