Purpose & Strategy - Woodside Energy

We've got what it takes.

We have a clear plan to deliver superior shareholder returns through our efficient base business and the execution of high-quality growth opportunities.

Woodside Photography 2018 - Drone-5 [Image by Jarrad Seng]

Base business

Woodside’s base business is characterised by world-class LNG and FPSO reliability, cost discipline and strong safety and environmental performance. We maximise value by developing and deploying technology across our portfolio of assets, enabled by our close collaboration with world-leading experts. Our base business has been expanded by development in recent years, including the completion of the Greater Enfield Project, the start-up of Wheatstone and delivery of subsea tie-backs extending the field life of our assets.

Growth

Our portfolio of growth opportunities has the right interests in the right assets to unlock value for shareholders and other stakeholders. We are planning to undertake these activities at the right time in the investment cycle in order to deliver new production when anticipated global demand requires it. Our Burrup Hub vision will extend the life of the world-class North West Shelf and Pluto LNG facilities for decades to come. Commercialisation of our international assets progressed with the approval of the Sangomar Field Development Phase 1 offshore Senegal. In Myanmar, the offshore A-6 Development is targeting an estimated 2.2 Tcf of dry gas (2C, 100%) to be transported through a 240 km export pipeline. We are actively progressing future growth opportunities, including Kitimat (Canada) and Sunrise (Timor-Leste / Australia).

Woodside Photography 2018 - Environment and Textures-10 [Image by Jarrad Seng]

Sustainable energy

We are focused on providing sustainable energy solutions that deliver enduring value to shareholders, communities, governments and other stakeholders. We promote LNG as a lower-emission fuel and cleaner alternative for transport, shipping and power generation. We set and report on our targets to improve the energy efficiency of our operations and our broader contribution to a lower-carbon world. We have established the capacity to generate large-scale carbon offsets in support of this approach. In executing our growth opportunities we are incorporating design and operational activities to reduce our carbon footprint. As global energy demand grows we will be ready to meet it, including participating in partnerships to promote and develop hydrogen.

Our strategy is underpinned by our ongoing strong base business, world-class asset performance and disciplined execution of committed projects.

Peter Coleman

Chief Executive Officer and Managing Director

Our strengths

Our strategy is underpinned by industry-leading capability, technology and focus on sustainable energy solutions.

Everything we do is guided by the Woodside Compass.

The Compass defines the fundamental values that make us who we are, our pioneering spirit that has underpinned more than 60 years of achievement. The Compass also provides clear direction on where we are going, and how we will get there.

Woodside acknowledges Indigenous people's connections to land, water and community. We pay our respects to ancestors and elders - past, present and emerging. We recognise the many contributions Indigenous people make to our business, as community members and employees.