Woodside Energy Group Ltd - Q1 2026 Report

Woodside Energy Group Ltd reported its first quarter 2026 results, highlighting strong operational reliability across key assets such as Sangomar, Shenzi, North West Shelf Project, and Pluto LNG, all achieving over 99% reliability. The company saw an 11% increase in average realized quarterly price to $63/boe, reflecting favorable market conditions. However, quarterly production volumes decreased by 8% to 45.2 MMboe due to seasonal weather events. Major projects are progressing as planned, with the Scarborough Energy Project at 96% completion and on track for first LNG cargo in Q4 2026. The Trion Project is 56% complete, targeting first oil in 2028, and the Louisiana LNG Project is 24% complete, targeting first LNG in 2029. Liz Westcott was appointed CEO and Managing Director. The company maintained its full-year 2026 guidance for production volumes, capital expenditure, and other costs. Operational highlights include the safe restoration of Western Australian operations after tropical cyclones and the achievement of first ammonia cargo at Beaumont New Ammonia.