Woodside Energy Group (WDS) investor relations material

Sustainability strategy and governance

• Sustainability is integrated into business management, supported by strong governance and clear priorities.

• Disciplined capital allocation and an internal carbon price of $80/tCO2-e guide decarbonisation investments.

• Sustainability metrics are included in executive remuneration and transparent disclosures align with AASB S2 standards.

• Active monitoring of emerging areas, including artificial intelligence, is part of risk management.

• Systematic identification of priorities, risks, and opportunities is embedded in planning.

Operational performance and value creation

• Maintains a strong track record of safe, reliable operations with zero high-consequence injuries in 2025.

• Focuses on maximizing base business performance and delivering cash-generative assets.

• Major development projects emphasize cost and schedule discipline.

• Portfolio and marketing optimization drive monetization and long-term value.

• Strategic partnerships and disciplined capital allocation support future opportunities.

Climate and emissions performance

• Achieved 2025 target of 15% reduction in net equity Scope 1 and 2 GHG emissions from a 6.27 Mt CO2-e base.

• Gross equity GHG emissions were 2.5% lower than 2024 despite higher production.

• Use of carbon credits to offset emissions was 5% lower in 2025 than in 2024.

• Emissions intensity improved following the Sangomar project start-up.

• Beaumont New Ammonia project began production, targeting up to 95% carbon capture with future CCS.