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Woodside Energy Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary27 Jan, 2026
Executive summary
Achieved record annual production of 198.8 MMboe in 2025, surpassing guidance, with strong reliability at key assets and major project milestones reached, including Scarborough Energy Project at 94% completion and Beaumont New Ammonia achieving first production.
Advanced growth projects: Trion Project 50% complete, Louisiana LNG Project 22% complete, and Greater Western Flank Phase 4 approved, extending North West Shelf production by about one year.
Completed strategic sell-downs and partnerships, including a 10% interest in Louisiana LNG and 80% in Driftwood Pipeline to Williams, securing $1.9 billion in capital and offtake obligations.
Appointed Liz Westcott as Acting CEO following the resignation of Meg O'Neill.
Financial highlights
Q4 2025 revenue was $3,035 million, down 10% from Q3 and 13% year-over-year; full-year revenue was $12,984 million, down 1% from 2024.
Q4 production was 48.9 MMboe, down 4% sequentially, but full-year production rose 3% year-over-year.
Average realised price in Q4 was $57/boe, down 5% from Q3 and 10% year-over-year.
Capital expenditure for 2025 was $4,703 million, a 42% decrease from 2024; capex excluding Louisiana LNG was $3,774 million.
Hedging delivered a pre-tax profit of $221 million for 2025.
Outlook and guidance
2026 production guidance is 172–186 MMboe, reflecting planned downtime at Pluto for Scarborough integration.
2026 capital expenditure guidance is $4,000–$4,500 million, with major allocations to Louisiana LNG, Scarborough, and Trion.
First LNG from Scarborough targeted for Q4 2026; Trion first oil expected in 2028; Louisiana LNG first LNG in 2029.
Scarborough project's 2026 production impact?
Williams' Louisiana LNG capital and offtake?
Carbon credit portfolio commitments?
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Next Woodside Energy Group earnings date
H2 202523 Feb, 2026
Woodside Energy Group
Next Woodside Energy Group earnings date
H2 202523 Feb, 2026
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Frequently asked questions
Woodside Energy Group Ltd is an integrated energy company. It engages in the exploration, development, production, and sales of oil and natural gas; provision of oilfield services; and sale of electricity. The company has activities in Oceania, Asia, Canada, Africa, and internationally. Woodside Energy Group originates in a merger between Woodside Petrolium and BHP Petrolium.
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