Highlights

  • Woodside Energy reported FY2026 half-year results with continued focus on LNG and energy projects.
  • The Scarborough Energy Project progressed towards its targeted first LNG cargo in late 2026.
  • The company continued advancing Louisiana LNG and Trion development activities.
  • Production, Capital Expenditure and Balance Sheet management remained key focus areas.
  • Future updates will provide further information on project delivery and operational performance.

Woodside Energy Group Ltd (ASX:WDS) is an Australian energy company involved in LNG, oil, gas and emerging energy opportunities across multiple regions. During 2026, the company continued progressing major projects including Scarborough while managing production activities and capital requirements across its global portfolio.

FY2026 Half-Year Performance

Woodside reported Operating Revenue of US$7,446 million for the six months ended 30 June 2026. Net profit after tax was US$1,672 million, while underlying net profit after tax was US$1,334 million. Free Cash Flow was reported at US$352 million during the period. Production totalled 86.5 million barrels of oil equivalent.

Scarborough LNG Project Progress

The Scarborough Energy Project remained a major focus during 2026. Woodside reported that the project was 98 per cent complete and targeted first LNG cargo during the fourth quarter of 2026. The company also reported that the Scarborough floating production unit had reached ready-for-start-up status after the reporting period.

LNG and Energy Portfolio Development

Alongside Scarborough, Woodside continued progressing other major projects. The Louisiana LNG foundation development in the United States and the Trion oil project in Mexico remained part of the company’s future growth portfolio. These projects require ongoing construction, development planning and capital management.

Production and Operational Performance

Woodside reported production performance across its LNG and oil Assets during the first half of 2026. The company noted planned maintenance and weather impacts during the period. Operated LNG facilities reported high reliability levels, while production guidance remained an important area for future monitoring.

Financial Position and Capital Management

Woodside reported Liquidity of US$8,189 million and gearing of 20.6 per cent at the end of the reporting period. The company continued managing capital expenditure requirements associated with major projects while balancing operational activities and financial priorities.

Risks and Monitoring Factors

Large-scale energy projects involve execution, market and operational risks. For Woodside, key considerations include project delivery timelines, LNG market conditions, Commodity prices, capital requirements and production performance. Delays in major projects may affect the timing of expected operational outcomes.

Future Areas to Monitor

Future company updates may provide information on the Scarborough LNG project, Louisiana LNG progress, Trion development, production performance and balance sheet movements. Quarterly reporting will provide further insight into operational delivery and financial management.

Key Insights

Woodside’s 2026 activities highlight the company’s focus on delivering major LNG projects while maintaining existing energy operations. The Scarborough project represents an important development milestone, while other projects continue progressing through construction and development stages. Future disclosures will provide further information on project execution, production and capital allocation.