Strategy

page_header_strategy.jpgOur vision is to deliver superior shareholder returns by becoming a global leader in upstream oil and gas. 

Our strategy to achieve our vision is built upon three related themes:

  • Maximising the value of our core assets;

  • Leveraging our capabilities; and

  • Growing our portfolio.

Woodside is uniquely positioned with a reliable asset base, distinctive capabilities and strong relationships to develop world class projects. This is underpinned by our strong balance sheet and cash flow.

We will continue to create substantial near-term value by maximising operational effectiveness, extending the life of our producing assets and developing our contingent resources.

We continue to build distinctive capabilities across the oil and gas value chain and we have a proven track record in the design, construction and operation of world-class LNG plants, FPSO operations, subsea technology, seismic acquisition and processing and deepwater drilling.

Woodside has its own floating LNG, near-shore liquefaction and modular liquefaction technologies and a range of subsea processing and seismic processing technologies ready for use. We have established remote operations from the Perth-based Pluto Support Centre to lower operating costs and improve maintenance outcomes.

We are growing and rebalancing our exploration portfolio, with a focus on increasing our exposure to emerging petroleum provinces, while also concentrating on aggregating positions around our existing focus areas in Australasia, the Atlantic margins and Sub-Saharan Africa.

We are also seeking to grow our portfolio through corporate and asset acquisitions, maintaining a disciplined approach to ensure that we continue to increase shareholder value and appropriately manage risk.

Our mission

To deliver superior shareholder returns.

Vision

Our aim is to be a global leader in upstream oil and gas.

Values

  • Integrity - We are open, honest and fair. We do what we say we will do. We have the courage to do the right thing. 

  • Respect - We give everyone a fair go. We listen.

  • Working Sustainably - We are here for the long term. We look after each other, our communities and our environment. We keep each other safe. 

  • Working Together - We are on the same team. We build long-term partnerships. 

  • Discipline - We play by the rules. We set goals and we hold ourselves to account.

  • Excellence - We achieve great results. We learn. We get better.