Woodside Energy posts $4.2 bn Q2 revenue, projects near‑term LNG milestones

Woodside Energy Group reported second‑quarter operating revenue of $4.185 billion, a 28 % increase from the prior quarter. Quarterly production fell 9 % to 41.3 million barrels of oil‑equivalent (MMboe) due to planned maintenance at Pluto Train 1 and cyclone‑related impacts. The company highlighted strong reliability at its Sangomar and Shenzi facilities and near‑full capacity output at Sangomar (average 99 Mbbl/d). Project updates showed the Scarborough LNG project 98 % complete and on schedule for its first cargo in Q4 2026, while the Trion oil project reached 64 % completion with first oil targeted for 2028, and the Louisiana LNG project advanced to 28 % with first LNG expected in 2029. Business actions included exercising pre‑emptive rights to acquire a 10.67 % stake in the Browse Joint Venture from PetroChina International Investment (Australia) Pty Ltd, a supply agreement with Alcoa for 31.1 PJ of domestic gas from 2027‑2030, and the transfer of operatorship of Gippsland Basin assets from ExxonMobil to Woodside. An asset swap with Chevron remains on track for Q4 2026. CEO Liz Westcott said the firm continued to deliver safe, strong operational performance across its global portfolio while maintaining its 2026 full‑year guidance.