Woodside Energy: Q3 2025 Report

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10/21/2025 – 08:41 PM

Sangomar Extends Its Run, Woodside Energy Revises Production Guidance Upward

Woodside Energy (WDS), a major player in the global energy market, has released its quarterly performance report, highlighting the continued success of its Sangomar project and revising its full-year 2025 production guidance upward. The report, released from Perth, Australia, provides key insights into the company’s operational performance and strategic projects. Here’s a breakdown of the key takeaways:

Quarterly Performance Highlights

• Production for the quarter reached 50.8 MMboe (552 Mboe/d), a 1% increase from Q2 2025. This strong performance has led to a revised full-year 2025 production guidance of 192 – 197 MMboe. This upward revision underscores Woodside’s ability to optimize production across its diverse asset portfolio.
• The Sangomar project continued to deliver exceptional results, producing 99 Mbbl/d (100% basis, 82 Mbbl/d Woodside share), generating $477 million in revenue for the quarter. Its consistent performance solidifies its position as a key revenue driver for Woodside.
• Pluto LNG achieved 100% reliability for the quarter, showcasing the operational efficiency and robust infrastructure supporting Woodside’s LNG ventures. This achievement is particularly significant in a market where supply chain disruptions can significantly impact performance.
• The average realized quarterly price was $60/boe, benefiting from diversified pricing strategies and optimization efforts. This diversified approach safeguards Woodside against price volatility, enhancing its financial resilience.

Project Highlights

• The Scarborough Energy Project is now 91% complete and remains on track for the second half of 2026, positioning Woodside to capitalize on rising LNG demand in the coming years.
• The Beaumont New Ammonia Project is nearly complete at 97%, with Phase 1 targeting first ammonia production by late 2025. This ammonia project enables diversification into potential hydrogen markets.
• The Trion Project is 43% complete, with first oil targeted for 2028, marking a significant step in expanding Woodside’s oil production capabilities.
• The Louisiana LNG Project, comprising three trains, is 19% complete, with Train 1 at 25% completion, targeting first LNG in 2029. This project demonstrates Woodside’s commitment to expanding its global LNG footprint in a key energy market.

Business and Portfolio Highlights

• The North West Shelf Project Extension received final environmental approval from the Australian Government, securing continued operations beyond 2030. This approval allows for increased resource recovery and gas processing from other resource owners, subject to rigorous conditions.
• Woodside agreed to assume operatorship of the Bass Strait assets, potentially unlocking additional gas resources for development. This move strategic move consolidates Woodside’s position in the Australian energy sector.
• The divestment of the Greater Angostura assets was completed, with Woodside receiving $259 million in cash, streamlining the company’s portfolio and focusing on core assets.
• New long-term LNG supply agreements were entered into with PETRONAS and BOTAŞ, ensuring a stable revenue stream and solidifying Woodside’s position as a reliable global LNG supplier.

Woodside CEO Meg O’Neill highlighted the company’s excellent operational performance and efficient execution of growth projects, emphasizing the commitment to driving long-term shareholder value.

Revised Guidance and Financial Implications

The updated production guidance, combined with a strategic focus on cost management, is anticipated to have a positive impact on Woodside’s financial performance in the coming year. While continued operations from the North West Shelf Project Extension and potential operatorship of Bass Strait assets provides strong portfolio upside.

Comparative Performance at a Glance

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Jam

Jan, a seasoned journalist, specializes in major corporations' stock industry and the IT tech internet field. With years of experience, she's known for dissecting global tech giants' stock moves, analyzing financial impacts and industry trends. Jan excels at simplifying complex data and tech concepts, and her work appears in renowned financial and tech publications.