Woodside Energy

What Woodside Energy does

Woodside Energy is an Australian-domiciled, ASX-listed (WDS) global energy company founded in 1954 and headquartered in Perth, operating across upstream oil and gas, LNG, and emerging new energy products. The company operates one of the world's largest independent LNG portfolios through Pluto LNG, the North West Shelf Project, the in-construction Scarborough Energy Project (first LNG targeted Q4 2026) and Louisiana LNG (first LNG targeted 2029), alongside offshore oil production from Australian, US Gulf of Mexico, Mexican (Trion, 60% operated), Senegalese (Sangomar, 65% operated) and Trinidadian assets. The 2022 merger with BHP Petroleum created one of the world's 10 largest energy companies, and subsequent acquisitions of Tellurian (2024, US$1.2 billion for the Louisiana LNG project) and OCI Clean Ammonia Holding (2026, US$2.35 billion) extended the portfolio into US Gulf Coast export capacity and blue ammonia.

Woodside generates revenue primarily through long-term LNG offtake contracts with Asian utilities (Japan, Korea, Thailand), a secured 2 Mt/yr European offtake with Uniper from Louisiana LNG (commencing 2030), domestic gas sales to Australian industrial buyers including Alcoa (31.1 PJ agreement 2027-2030), and global crude oil and condensate sales from its diversified offshore production base. Q1 2026 operating revenue reached US$3.26 billion (up 7% YoY), with full-year 2025 underlying net profit of US$2.65 billion on record 198.8 MMboe production. The company is publicly listed (ASX: WDS, previously dual-listed on LSE until 2025 delisting), files with the SEC, has approximately 4,500+ employees globally, a market capitalization of approximately A$59 billion (US$42 billion), and has returned approximately US$12 billion in dividends to shareholders since the BHP Petroleum merger.

Woodside's go-to-market operates through an enterprise sales-led motion anchored on long-term offtake agreements with utilities, governments, and large industrial customers, supplemented by spot LNG and crude sales. New energy growth is being pursued via the Beaumont New Ammonia facility, H2Perth hydrogen refueller, solar projects, carbon capture and storage (including the NeoSmelt Project), and an internal innovation portfolio through FutureLab covering data science, AI, intelligent assets and robotics. Major risks and opportunities include concentrated capital deployment in growth projects with multi-year first-production timelines, active regulatory and legal challenges (UN Human Rights intervention on the North West Shelf extension, Browse environmental reconsideration), commodity price exposure, leadership transition under new CEO Liz Westcott (appointed March 2026), and the strategic pivot toward lower-carbon energy products alongside continued investment in core oil and gas production.

Name

Woodside Energy

Legal name

Woodside Energy Group Ltd

Website

https://woodside.com.au

Company type

Public

Founded year

1954

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Woodside Energy is an Australian-listed global energy company producing LNG, crude oil, and new energy products (hydrogen, ammonia, solar) for Asian, European, and domestic Australian utilities and industrial customers across Australia, the US Gulf, Mexico, Senegal, and Trinidad.

Ownership category

akta.pro rank

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D

Revenue model

1. LNG Sales: Export of liquefied natural gas to international markets including Japan, Korea, and other Asian buyers through long-term contracts and spot sales. Projects 50% increase in LNG and crude oil sales.
2. Crude Oil and Condensate Sales: Production and sale of crude oil and condensate from offshore operations in Australia, US Gulf of Mexico, Mexico, and other regions.
3. Domestic Gas Sales: Supply of domestic natural gas to Australian industrial customers including alumina refineries (Alcoa) and other manufacturers under long-term agreements.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Woodside Energy is a global upstream energy company that explores, develops, produces, and sells crude oil, liquefied natural gas (LNG), natural gas, and condensate from offshore assets primarily in Australia, the US Gulf of Mexico, Mexico, and Senegal. The company operates major LNG processing facilities such as Pluto LNG and the North West Shelf, deepwater oil projects including Trion and Sangomar, and is developing growth projects (Scarborough, Louisiana LNG, Browse). It is also expanding into new energy products including blue ammonia, hydrogen refueling, carbon capture and storage, and solar.

Product overview

Woodside Energy is a global energy company operating a diversified portfolio of oil and gas assets across multiple regions. The company operates primarily through its core upstream business comprising LNG facilities (Pluto LNG, North West Shelf), offshore oil and gas developments (Australia Oil, Bass Strait, Mad Dog, Atlantis, Sangomar), and major growth projects (Scarborough Energy Project, Trion, Louisiana LNG, Browse to NWS). The company is expanding into new energy offerings including ammonia production (Beaumont New Ammonia), hydrogen (Hydrogen Refueller @H2Perth), and solar, supported by innovation capabilities in data science, artificial intelligence, robotics, and automation through its FutureLab initiative.

Differentiator

Problem solved

Functional benefit

Products and services

• Pluto LNG Major LNG processing facility in Western Australia that processes gas from the Pluto field, operating as part of Woodside's core upstream oil and gas business for international LNG export customers.
• North West Shelf Project Australia's largest oil and gas project located in the Karratha region of Western Australia, producing LNG, pipeline gas, condensate, and liquid petroleum gas for export and domestic customers.
• Scarborough Energy Project Offshore gas development project off the coast of Western Australia with gas processed through Pluto LNG, targeting first LNG cargo in Q4 2026 for international LNG buyers.
• Trion Ultra-deepwater oil development project in the Gulf of Mexico offshore Mexico, with Woodside holding 60% interest and operational control, targeting first oil in 2028 at approximately 100,000 barrels per day.
• Woodside Louisiana LNG LNG export terminal under construction in Calcasieu Parish, Louisiana, representing Woodside's first LNG export project outside Australia with total capacity of 16.5 million tons annually, targeting first LNG in 2029.
• Browse to NWS Project Proposed offshore gas development connecting Browse Basin gas fields to the existing Karratha Gas Plant via a 900-kilometer pipeline, representing Australia's largest undeveloped conventional gas resource.
• Beaumont New Ammonia New ammonia production facility acquired from OCI Global for $2.35 billion, marking Woodside's entry into the blue ammonia market as part of its new energy portfolio.
• Hydrogen Refueller @H2Perth Hydrogen refueling station project in Perth as part of Woodside's new energy initiatives and lower-carbon services portfolio.
• Australia Oil Oil production operations across various Australian offshore fields including Macedon, Wheatstone, Shenzi, and other assets, sold to refiners and traders.
• Bass Strait Offshore oil and gas operations in the Bass Strait region of Australia, transitioning operations from ExxonMobil to Woodside as operator.
• Mad Dog and Atlantis Deepwater oil projects in the U.S. Gulf of Mexico where Woodside holds participating interests, producing crude oil for global markets.
• Sangomar Deepwater oil field offshore Senegal in West Africa, operated by Woodside with a 65% working interest, producing crude oil for export markets.
• Greater Sunrise Offshore gas development project located in the Timor Sea between Australia and Timor-Leste.
• Calypso Offshore gas discovery in the Browse Basin off Western Australia being evaluated for development.
• Lower-carbon Services Portfolio of services including carbon capture and storage, including the NeoSmelt Project focused on lower-carbon industrial solutions.

Quantifiable outcome

• Record 2025 production of 198.8 MMboe with $2.65 billion underlying net profit
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core, minor and major.

• ChevroncoreStrategic or Co-development PartnerWoodside is progressing toward an asset swap with Chevron planned for H2 2026. Also partners with Chevron on the Bass Strait field (Australia's first major offshore development) transitioning operations from ExxonMobil to Woodside as operator. Additionally, Chevron holds 37.125% working interest in Bandit oil discovery alongside Woodside (17.5%) and Occidental.
• AlcoacoreStrategic or Co-development PartnerWoodside Energy and Alcoa of Australia signed a 31.1 petajoule gas supply agreement covering 2027-2030, securing domestic natural gas delivery from Woodside's Western Australian operations to Alcoa's alumina refineries. The agreement reinforces their long-standing partnership while supporting Western Australia's industrial competitiveness, employment, and energy security.
• Louisiana Office of State Parks, RES, McNeese State UniversityminorStrategic or Co-development Partner$5 million, six-year environmental investment to restore more than 800 acres of native habitat at Sam Houston Jones State Park in Calcasieu Parish, Louisiana. Partnership with ecological restoration firm RES and McNeese State University for research through living laboratory program. Connected to Woodside's broader $17.5 billion Louisiana LNG commitment.
• SBM OffshorecoreStrategic or Co-development PartnerSBM Offshore providing FSO Chalchi floating storage vessel for Trion oil field under 20-year lease and operate contract with Woodside as operator. Located 180km off Mexican coastline. SBM Offshore retained 55% ownership after divesting 45% to NYK. $465 million project financing secured.
• UnipermajorChannel Partner/ Reseller/ DistributorGermany's Uniper is the only long-term LNG buyer secured so far for Louisiana LNG, with agreement for up to 2 million metric tons per year. This represents approximately 25% of Woodside's share of the plant's output. Deliveries scheduled to begin in 2030.
• Williams CompaniesmajorStrategic or Co-development PartnerWilliams Companies invested $1.9 billion to build and operate Line 200 pipeline and take 10% stake in Louisiana LNG terminal with 1.5 million ton/year offtake capacity. Strategic partnership for LNG infrastructure development and offtake.
• OCI GlobalmajorStrategic or Co-development PartnerWoodside completed acquisition of OCI Clean Ammonia Holding for $2.35 billion. Beaumont New Ammonia facility handed over to Woodside with $470 million deferred consideration received. Strong Q1 2026 results driven by strategic divestments including this transaction.
• Green Tug Towing JVminorChannel Partner/ Reseller/ DistributorJoint venture between Saltchuk Marine and Harbor Docking & Towing (Green Tug Towing) awarded 20-year contract to design, build, and operate four hybrid escort tugboats for LNG carrier operations at Louisiana LNG terminal. $300+ million contract supporting local jobs.

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Shell plc: Global integrated LNG and oil major with extensive upstream portfolio across Australia, US Gulf, and Africa. Competes with Woodside for global LNG offtake and operates at significantly larger scale across petrochemicals, refining, and renewables, making Shell the closest broad benchmark for Woodside's strategic positioning.
• ExxonMobil: The world's largest integrated oil major, with significant Australian LNG presence (Gorgon stake) and a broad portfolio that overlaps with Woodside across upstream, LNG, and lower-carbon investments. ExxonMobil is transitioning its Bass Strait operator role to Woodside but remains a strategic counterparty across multiple geographies.
• BP plc: Global integrated energy major with upstream LNG and oil operations across similar geographies. Notable adjacency: BP just appointed Woodside's former CEO (Meg O'Neill) as its first female CEO, and BP took Woodside's CEO in April 2026 — signaling direct executive overlap and strategic alignment on LNG portfolios.
• TotalEnergies SE: Global integrated energy major with significant LNG exposure and a growing presence in Australian LNG projects. TotalEnieves competes directly with Woodside for Asian LNG offtake and shares the integrated gas + new energy strategy across LNG, hydrogen, and renewables.

Direct peers

• Chevron Corporation: Integrated major with Australian LNG asset exposure (Wheatstone, Gorgon) and US Gulf of Mexico deepwater operations directly mirroring Woodside's Australia/US Gulf footprint. Chevron is also a Woodside partner on Bass Strait and Bandit and is pursuing a planned asset swap in H2 2026, making it the closest direct peer in LNG and deepwater oil.
• Santos Limited: Australian-headquartered oil and gas producer operating major LNG projects including GLNG and Darwin LNG. Santos competes directly with Woodside in the same Australian LNG export market and serves similar Asian Pacific offtake customers, making it the closest domestic peer in LNG and domestic gas.
• ConocoPhillips: US-listed independent E&P with global LNG and deepwater production, including stakes in Australia Pacific LNG. ConocoPhillips previously sold its Senegal business to Woodside in 2016 and shares the upstream LNG strategy with notable overlap in LNG offtake and deepwater oil.
• Inpex Corporation: Japan's largest exploration and production company, primarily operating the Ichthys LNG project in Australia. Inpex is both a competitor for Australian LNG into Asian markets and a potential counterparty for Woodside's Louisiana LNG after Woodside pre-empted Inpex's attempted CNPC stake acquisition in Browse.

Regional players

• Origin Energy: Australia's largest integrated energy retailer and power generator with significant domestic gas and utility operations. Now under Brookfield ownership, Origin serves as a regional complement to Woodside in domestic Australian gas and is a candidate counterparty on integration pathways.

Emerging players

• Tellurian Inc. Acquired by Woodside in 2024 for $1.2B, Tellurian's Driftwood LNG project is now Woodside's Louisiana LNG terminal targeting first production in 2029. Tellurian represents Woodside's entry into US Gulf LNG export — directly relevant as the upstream asset base that drives Woodside's $17.5B US LNG investment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/WoodsideEnergy
• YouTubeyoutube.com/user/WoodsideEnergyLtd
• Facebookfacebook.com/woodsideenergy
• LinkedInlinkedin.com/company/woodside-energy
• Instagraminstagram.com/woodsideenergy/?hl=en
• TikToktiktok.com/@woodside_energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments8 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Woodside Energy