Highlights

  • Quarterly Operating Revenue was US$4,281 million, up 2% from the preceding quarter.
  • Production reached 46.2 million barrels of oil equivalent, up 12% quarter on quarter.
  • Scarborough was 99% complete, while Trion and Louisiana LNG reached 71% and 32% completion.

Woodside Energy Group Ltd (ASX:WDS) operates in the energy and resources sector and disclosed a series of operational and financial developments in its latest ASX release. Its shares were quoted at AUD 32.17 and fell 3.04% on 28 October 2026. The company’s announcement sets out the reported results for its stated financial or operating period, with information on Business activity, operational indicators and management’s disclosed next steps. The update covers separately reported operational, financial and project measures for the periods identified by the company.

Revenue, Production and Pricing

In its report for the quarter ended 30 September 2026, Woodside recorded operating revenue of US$4,281 million, against US$4,185 million in the second quarter and US$3,359 million in the comparable quarter of 2025. Production totalled 46.2 MMboe, compared with 41.3 MMboe in the preceding period, following maintenance and turnaround activity at Pluto LNG. Sales volumes of 51.1 MMboe were 6% higher sequentially. The average realised price across products was US$84 per boe, compared with US$85 in the preceding quarter, while its realised LNG price increased 27% to US$84 per boe.

Project Delivery Across the Portfolio

At quarter-end, the Scarborough Energy Project was 99% complete and remained on budget, with a first LNG cargo targeted for 2026. The Trion Project had reached 71% completion; construction of its floating production unit was 96% complete and first oil remained targeted for 2028. Louisiana LNG was 32% complete, including 41% completion for Train 1, and its first LNG remained targeted for 2029. Woodside also agreed to sell its 70% operated interest in the Calypso Project to bp and began a process to reduce its Beaumont New Ammonia investment.

Operations, Reliability and Updated Guidance

Operational reliability was 99.8% at Pluto LNG, 99.3% at the North West Shelf Project and 99.2% at Sangomar. The North West Shelf completed a planned single-train turnaround on schedule and budget. Woodside narrowed 2026 total production guidance to 174–181 MMboe from 174–185 MMboe. Guidance for Capital Expenditure remained US$4,000–4,500 million, production costs US$1,500–1,800 million and exploration expenditure around US$200 million. The company also reported that the Julimar Development Phase 3 start-up and performance testing were completed during September.

The reported figures and operational updates were provided by Woodside Energy Group Ltd (ASX:WDS) for the period identified in its filing. Forecasts, targets, proposed transactions and commissioning schedules are company statements rather than completed outcomes. Where the announcement describes conditions, dependencies or approvals, those qualifications remain part of the disclosed position. Financial measures and operating units are retained separately to avoid presenting different measures as interchangeable.

The same quarterly disclosure compared year-to-date operating revenue of US$11,727 million with US$9,949 million in the corresponding 2025 period, an 18% increase. Year-to-date production was 132.7 MMboe against 149.9 MMboe a year earlier. Woodside reported quarterly capital expenditure of US$722 million, down from US$784 million in the second quarter. The company also reported 503,000 barrels of oil equivalent per day of total production for the quarter, compared with 454,000 in the previous quarter. These year-to-date comparisons differ from the sequential production and revenue movements highlighted elsewhere in the report.

Source: Company ASX announcement; share figures provided for 28 October 2026.