Woodside Ltd Stock Price, News & Analysis

Woodside Energy (NYSE:WDS) reported strong H1 2025 financial results with a net profit after tax of $1,316 million and operating revenue increasing 10% year-over-year to $6,590 million. The company declared a fully franked interim dividend of 53 US cents per share, representing an 80% payout ratio.

Production reached 548,000 barrels of oil equivalent per day, with unit production costs reduced to $7.7/boe. Major projects showed significant progress with Scarborough 86% complete, Trion 35% complete, and Beaumont New Ammonia 95% complete. The company maintains strong liquidity of $8,430 million with gearing at 19.5%.

Notable achievements include the successful performance of Sangomar, producing 100,000 barrels per day, and the final investment decision on Louisiana LNG, including a 40% interest sell-down to Stonepeak for $5.7 billion.

Woodside Energy (NYSE:WDS) released its Q2 2025 report highlighting strong operational performance and strategic growth initiatives. The company achieved quarterly production of 50.1 MMboe (550 Mboe/d), up 2% from Q1 2025, and updated its full-year production guidance to 188-195 MMboe.

Key highlights include the final investment decision for the Louisiana LNG Project, with a successful 40% stake sale to Stonepeak for $5.7 billion. The Scarborough Energy Project is 86% complete, targeting first LNG cargo in H2 2026, while the Trion Project is 35% complete, aiming for first oil in 2028. The company issued $3.5 billion in senior unsecured bonds and maintained strong liquidity of approximately $8.4 billion.

Sangomar field demonstrated exceptional performance with 101 Mbbl/d production and nearly 100% reliability. The company also reduced its full-year unit production cost guidance to $8.0-$8.5 per boe following strong H1 2025 performance.

[ "Quarterly production increased 2% to 50.1 MMboe with strong operational performance", "Successful 40% stake sale in Louisiana LNG Infrastructure to Stonepeak for $5.7 billion", "Sangomar field achieved exceptional production of 101 Mbbl/d with 99.6% reliability", "Reduced full-year unit production cost guidance to $8.0-$8.5 per boe", "Strong liquidity position of $8.4 billion at quarter end", "Successfully issued $3.5 billion in oversubscribed senior unsecured bonds", "Realized 14% premium on LNG sales linked to gas hub indices compared to oil-linked pricing" ]

Woodside (NYSE:WDS) has completed the sale of a 40% stake in Louisiana LNG Infrastructure LLC to Stonepeak for approximately US$5.7 billion. The transaction includes an accelerated capital contribution structure where Stonepeak will fund 75% of project capital expenditure in both 2025 and 2026.

The deal includes a closing payment of US$1.9 billion to Woodside, reflecting Stonepeak's share of capex funding since January 1, 2025. The partnership aims to enhance Louisiana LNG project economics and strengthen Woodside's capacity for shareholder returns ahead of the Scarborough Energy Project's first cargo in H2 2026.

Woodside Energy Group (WDS) held its 2025 Annual General Meeting, where Chair Richard Goyder and CEO Meg O'Neill highlighted strong financial performance with a US$3.6 billion net profit and US$2.9 billion underlying NPAT. The company delivered a 2024 full-year dividend of 122 US cents per share and has returned over US$9.7 billion to shareholders since its 2022 merger with BHP's petroleum business. Woodside projects a 50% increase in sales volumes by 2030s with annual net operating cash expected to exceed US$8 billion. Major projects under construction include Beaumont New Ammonia, Scarborough (80% complete), Trion (25% complete), and Louisiana LNG. The company has signed agreements for over 45 million tonnes of LNG supply with Asian and European customers since early 2024 and expects to deliver approximately 24 million tonnes of LNG annually in the 2030s.

Woodside has secured a significant natural gas supply agreement with bp for its Louisiana LNG project. This marks the first part of a diversified feedgas portfolio that will support the project's operations.

The agreement, executed through Louisiana LNG Gas Management, commits to purchasing up to 640 billion cubic feet of gas from bp, with delivery starting in 2029 via Line 200. The project benefits from extensive connectivity to multiple producing basins and interconnecting pipelines.

CEO Meg O'Neill highlighted the project's potential for significant cash generation and long-term shareholder value. The partnership leverages bp's expertise with MiQ certificates to access low methane intensity molecules, aligning with Woodside's commitment to the UN Environment Programme's OGMP 2.0 initiative.

Woodside Energy (WDS) reported Q1 2025 results with quarterly revenue of $3,315 million, down 5% from Q4 2024 but up 13% year-over-year. Production reached 49.1 MMboe (546 Mboe/day), showing a 4% decrease from Q4 2024 due to weather impacts and outages, but increased 9% from Q1 2024.

The Sangomar field demonstrated exceptional performance with 78 Mbbl/day production at 97.6% reliability. Major projects remain on track: Beaumont New Ammonia Project (90% complete), Scarborough Energy Project (82% complete), and Trion Project (26% complete).

Strategic developments include the sale of a 40% interest in Louisiana LNG Infrastructure to Stonepeak, new LNG supply agreements with Uniper for up to 2 million tonnes annually, and the divestment of Greater Angostura assets for $206 million.

Woodside (WDS) has signed significant LNG supply agreements with Uniper, encompassing two key components: 1.0 million tonnes per annum (Mtpa) from Louisiana LNG and up to 1.0 Mtpa from Woodside's global portfolio. The agreements span up to thirteen years from Louisiana LNG's commercial operations date, with the portfolio supply extending until 2039.

The deal marks a important step toward the final investment decision for the Louisiana LNG project, Woodside's largest growth initiative. The project involves a three-train 16.5 Mtpa foundation development, strengthening Woodside's position in both Atlantic and Pacific basins. The arrangement will enhance Europe's energy security, particularly supporting Uniper's flexible generation strategy and potential gas-fired power plant developments in Germany.

Woodside Energy (WDS) has confirmed it is in discussions with Uniper regarding potential LNG supply arrangements. The company emphasized that these discussions are currently ongoing and incomplete, with no final agreement reached on terms. Woodside stated it will continue to provide market updates in accordance with its continuous disclosure obligations.

Woodside (WDS) has entered into a binding agreement with Stonepeak to sell a 40% interest in Louisiana LNG Infrastructure Stonepeak will contribute $5.7 billion towards the development of the three-train 16.5 million tonnes per annum foundation project, with accelerated capital expenditure representing 75% of total expected costs in 2025 and 2026.

The partnership significantly reduces Woodside's capital expenditure profile and marks a important step towards final investment decision. The estimated forward cost for the foundation development remains at $900-960/tonne. The transaction's effective date is January 1, 2025, with closing targeted in Q2 2025, subject to conditions including FID and regulatory approvals.

Woodside maintains 60% ownership through Louisiana LNG (HoldCo) and will continue discussions with additional potential partners, targeting a total equity sell-down of around 50% in the integrated project.