# Woodside Energy LNG operations and revenue

> Live situation record from CLSTR: https://clstr.news/situations/woodside-energy-lng-operations-and-revenue
> Updated: 2026-07-29T03:51:02.000Z. Sources: 9. Developments: 2.

Woodside Energy reported a strong Q2 performance, posting operating revenue of about $4.2 billion—a 28 % quarterly increase—while production dipped 9 % due to scheduled maintenance and cyclone impacts. The company highlighted near‑full capacity at its Sangomar facility and gave project updates: the Scarborough LNG project was 98 % complete and slated for its first cargo in Q4 2026, the Trion oil project reached 64 % completion, and the Louisiana LNG project was 28 % complete. Woodside also exercised pre‑emptive rights to acquire a 10.67 % stake in the Browse Joint Venture, secured a domestic gas supply deal with Alcoa, and transferred operatorship of Gippsland Basin assets from ExxonMobil.

Later that day, Woodside announced a further revenue surge to roughly $6 billion, attributing the jump to sharply higher global LNG prices after Iran’s missile strikes disrupted tanker traffic through the Strait of Hormuz and affected a key Qatari LNG hub. The price spike drove Asian buyers to seek Australian LNG, boosting Woodside’s sales, though some price‑sensitive customers reduced consumption and reverted to coal. CEO Liz Westcott emphasized that both revenue and prices were up, while analysts warned of potential lasting impacts on LNG demand.

## Timeline

### 2026-07-29: Woodside Energy posts $6 billion revenue surge as Iran war lifts LNG prices

Woodside Energy’s revenue rose roughly 30% to $6 billion as Iran‑related disruptions spiked LNG prices, boosting Australian exports while higher costs pushed some Asian buyers toward coal.

7 sources. https://clstr.news/cluster/woodside-energy-posts-6-billion-revenue-surge-as-iran-war-lifts-lng-prices

### 2026-07-29: Woodside Energy posts $4.2 bn Q2 revenue, projects near‑term LNG milestones

Woodside Energy posted $4.2 bn Q2 revenue, near‑full‑capacity Sangomar output, and gave updates on Scarborough (98% complete) and other LNG projects, while acquiring a CNPC stake and signing a gas deal with Al‑

2 sources. https://clstr.news/cluster/woodside-energy-posts-42-bn-q2-revenue-projects-nearterm-lng-milestones

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Cite as: Woodside Energy LNG operations and revenue. CLSTR, https://clstr.news/situations/woodside-energy-lng-operations-and-revenue