Woodside Energy Group (WDS) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional land custodians and confirmation of quorum; agenda included board updates, financial review, and Q&A with shareholders.

• Voting on all items of business commenced at the start, with instructions for in-person and online participation.

Financial performance review

• Reported full-year net profit after tax of $3.6 billion and underlying net profit after tax of $2.9 billion for 2024.

• Returned $1.22 per share in dividends, maintaining payout at the top end of the target range; over $9.7 billion in dividends since the 2022 merger.

• Maintained strong balance sheet, enabling continued shareholder rewards during high capital expenditure.

• Streamlined portfolio with asset swaps and divestments, reducing 2025 exploration and new energy spend by over $150 million.

• Injected $7.9 billion into local economies and paid $4.1 billion in taxes, royalties, and levies in 2024.

Board and executive committee updates

• Board composition reviewed, with six directors appointed since 2020 to balance expertise and continuity.

• Ann Pickard, Ben Wyatt, and Tony O'Neill stood for (re-)election, each highlighting their experience and commitment to sustainability, risk management, and innovation.

• Board reaffirmed commitment to diversity, with ongoing efforts to improve gender and minority representation.