Woodside Delivers Record Output in 2025 Despite Softer Fourth Quarter

From a commercial perspective, Woodside continued locking in long-term demand. During the quarter, the company signed LNG supply agreements with SK Gas International and Turkey’s BOTA?, and subsequently with Japan’s JERA, strengthening portfolio diversification across Asia and Europe. Roughly 30% of Woodside’s LNG volumes are now linked to gas hub pricing, providing pricing optionality relative to oil-indexed contracts.

Looking ahead, Woodside guided to 2026 production of 172–186 MMboe, reflecting planned maintenance at Pluto as it prepares to process Scarborough gas. Capital expenditure is expected to rise to between $4.0 billion and $4.5 billion as spending accelerates across Scarborough, Louisiana LNG, and Trion.

The company is navigating a leadership transition following the resignation of CEO Meg O’Neill, with Liz Westcott appointed acting CEO while the board searches for a permanent replacement in early 2026.

Overall, Woodside enters 2026 with record production behind it, major LNG growth ahead, and a portfolio increasingly balanced between oil, gas, LNG, and emerging low-carbon fuels.

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Original Source At Yahoo Finance

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Original Source At Yahoo Finance