Woodside Energy Announces 2025 Half-Year Results

08/18/2025 – 08:46 PM

PERTH, Australia–(BUSINESS WIRE)–Woodside Energy Group (ASX: WDS) (NYSE: WDS) has released its half-year report for the period ended June 30, 2025, showcasing a portfolio designed for both value and growth.

Key Highlights from Woodside’s First Half:

• Dividend Delight: Woodside announced a fully franked interim dividend of 53 US cents per share, rewarding shareholders. An 80% payout ratio and a juicy annualised yield of 6.9% to be exact.

• Production Powerhouse: Production clocked in at 548 Mboe/d (99.2 MMboe), with unit production costs trimmed to $7.7/boe.¹ Efficiency is key, folks.

• Project Progress: Major projects are advancing rapidly. Scarborough is 86% complete, Trion hits 35%, and Beaumont New Ammonia is nearing completion at 95%. Expect more from these soon.

• Louisiana LNG Leap: A final investment decision (FID) positions Woodside to tap into the burgeoning Louisiana LNG Project, with value further boosted by a 40% sell-down of Louisiana LNG Infrastructure LLC to Stonepeak.

• Green Goals: Woodside remains on track to slash Scope 1 and 2 greenhouse gas emissions by 15% by 2025, showing a commitment to a cleaner energy future.²

Operational Excellence:

• Safety First: Over a million work hours logged at Sangomar without any recordable injuries speaks volumes about Woodside’s dedication to safety.
• Sangomar’s Stellar Start: Sangomar is pumping out 100 Mbbl/d (100% basis, 80 Mbbl/d Woodside share) and reserves continue to grow showcasing operational might.
• LNG Reliability: LNG plants demonstrated top-tier reliability, averaging 96%.

• Marketing Magic: Trading prowess contributed approximately 8% of EBIT.

Financial Fortitude:

• Profit Power: Net profit after tax reached $1,316 million.

• EBITDA Engine: Strong EBITDA of $4,600 million demonstrating a solid foundation.¹

• Cash Flow King: Operating cash flow soared to $3,339 million.

• Liquidity Leader: Disciplined capital management yielded $8,430 million in liquidity and a healthy 19.5% gearing ratio.¹

• Bond Bonanza: A $3,500 million senior unsecured bond issuance in the US market saw heavy oversubscription, showing investor confidence.

Woodside CEO Meg O’Neill highlighted the company’s commitment to rewarding shareholders while maintaining a robust balance sheet for growth. “Strong underlying performance of our assets, our robust financial performance, and a focus on disciplined capital management have enabled us to maintain our interim dividend payout ratio at the top end of the payout range.”

The report also shone light on Sangomar, a project that marked one year since its first oil production in June 2024. In the first half of 2025 alone, the Senegal project has generated revenue nearing $1 billion, with gross production of 100 thousand barrels per day.

Advancements on the Scarborough Energy Project in Western Australia (86% complete) and the Trion Project offshore Mexico (35% complete) offer a glimpse into Woodside’s dedication to its future.

Woodside is strategically positioned to capitalize on increasing customer demand across both the Pacific and Atlantic Basins following its final investment decision on Louisiana LNG. This move includes the completion of the sell-down of a 40% stake in Louisiana LNG Infrastructure LLC to Stonepeak for $5.7 billion.

Subsequent to this reporting period, Woodside also announced its agreement to assume operatorship of the Bass Strait assets offshore Victoria from ExxonMobil, a move described as creating flexibility for future development opportunities through existing infrastructure.

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