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Woodside Energy Group Ltd (ASX:WDS)

ALERT: Price-sensitive ASX Announcement for WDS
Current share price for WDS : $32.420 0.13 (0.40%)+
Announcement
Release
29 Jul 2026 9:03AM
Price at Release
$32.290
Full Release
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Summary
Woodside Energy Group Ltd's Second Quarter 2026 report highlights robust production and sales figures, with significant operating revenue of US$4,185 million. Despite challenges such as planned maintenance and weather-related disruptions, Woodside maintained high reliability in its LNG operations. The company invested heavily in major projects like Scarborough and Trion, contributing to a capital expenditure of US$784 million. Additionally, Woodside managed its liquidity effectively by repaying a major loan early. However, financial results were slightly impacted by an unrealised pre-tax loss from an embedded commodity derivative linked to a gas sale contract.
Key Points
  • Woodside achieved significant growth in LNG production and sales, although some projects experienced downtime due to planned maintenance and weather-related incidents.
  • The company's operating revenue for Q2 2026 reached US$4,185 million, reflecting strong performance across both Australian and International operations.
  • Capital expenditure for the quarter was US$784 million, with major investments in the Scarborough and Trion projects.
  • Woodside maintained high reliability rates across key LNG operations, with Pluto and North West Shelf achieving over 97% reliability.
  • The company repaid a $600 million Syndicated Term Loan early, demonstrating strong liquidity management.
  • Woodside's total production volumes were robust, with an average of 454 Mboe/d during Q2 2026.
  • A financial impact was noted from an embedded commodity derivative linked to a gas sale contract with Perdaman.
  • Planned and unplanned maintenance impacted production at several sites, including Wheatstone and Okha.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.