Key highlights

  • Woodside Energy Group Ltd (ASX:WDS) closed at $33.82 on 20 October 2026, down 0.62%, against a 1.31% fall for the S&P/ASX 200 Energy index.
  • The shares are up approximately 51.93% over the past year.
  • Woodside reported half-year 2026 underlying NPAT of US$1.3 billion on 25 August 2026, with Scarborough 98% complete.

Shares in Woodside Energy Group Ltd (ASX:WDS) closed at $33.82 on 20 October 2026, fell 0.62% on the day, a smaller fall than the sector index. The S&P/ASX 200 Energy index (XEJ) closed 1.31% lower at 11,165.60, a fall of 148.40 points, while the broader S&P/ASX 200 (XJO) slipped 0.33% to 8,816.90.

Over the past 12 months the stock gained approximately 51.93%.

Working back from the closing price, a 12-month change of approximately +51.93% implies a share price of about $22.26 a year earlier. On the day, the closing price compares with a previous close of about $34.031, a move of -0.62%, set against a 1.31% fall for the sector index and a 0.33% fall for the broader market.

About Woodside

Woodside Energy Group Ltd is a Perth-based oil and gas company listed on the ASX and the New York Stock Exchange. Its portfolio is built around LNG and oil, and its largest growth projects are the Scarborough Energy Project in Western Australia, the Trion oil development in Mexico and the Louisiana LNG project in the United States.

The company reports in US dollars and returns capital through dividends, which are paid in US cents per share.

Latest development

The share price figures above are reported on their own terms and are not linked here to the company announcement that follows. On 25 August 2026, Woodside released its half-year 2026 results and a briefing pack for a teleconference hosted by its chief executive and chief financial officer.

Operating revenue was US$7,446 million, up 13% on the first half of 2025. EBITDA was US$4,647 million, net profit after tax was US$1,672 million and underlying net profit after tax was US$1,334 million. Free cash flow was US$352 million, and Woodside determined a fully franked interim dividend of 57 US cents per share. Production included 85.0 million barrels of oil equivalent from Woodside reserves, with additional volumes from processing and other sources. The company said gearing is expected to return to its target range during the second half.

The briefing also set out progress on the three major projects. Scarborough is 98% complete, on budget and on track, Trion is 64% complete and targeting first oil in 2028, and Louisiana LNG is 28% complete and targeting first LNG in 2029.

Sector context

The S&P/ASX 200 Energy index covers oil and gas producers, fuel refiners and retailers, coal miners and uranium developers, so its daily moves reflect several different commodity markets at once. Woodside sits in the gas and LNG part of that mix, where long-term contracts and large capital projects dominate.

Companies across the sector have described disruption to global energy markets linked to the Middle East conflict in their recent reports, which has affected refining margins, fuel supply chains and energy prices. Large LNG developers also operate against long lead times, with projects such as Louisiana LNG scheduled to start production several years after construction began.

Risks

Woodside carries three large projects at the same time, and cost or schedule changes at any of them could affect returns. The company said its gearing was above its target range at the half-year and is expected to return to the range in the second half, which depends on cash flow and project spending.

Earnings are exposed to oil and LNG prices and to the US dollar, and production in the first half of 2026 was lower than in the prior-year half, with the briefing also referring to a planned turnaround at Pluto. Dividends are set by the board in response to earnings and capital needs.

Share price movements add a separate layer of uncertainty. The stock’s one-day move of -0.62% on 20 October 2026 compares with a 1.31% fall for the sector index, and its 12-month change of approximately +51.93% shows how far the share price can move over a year.

Catalysts to watch

Items to watch include Scarborough’s progress towards start-up, the return of gearing to the target range, construction milestones at Trion and Louisiana LNG, and any change to production and capital expenditure guidance in later reports.