Our story

Our proven capabilities as a reliable, low-cost energy provider combined with a focus on technology to enable efficiency will drive our long-term success.

Through our North West Shelf and Pluto LNG projects we operated 5% of global LNG supply in 2021.

In Western Australia, we are building on more than 30 years of experience and progressing the development of the Scarborough gas resource through the world-class Pluto LNG facility. We are also connecting Pluto LNG with the landmark North West Shelf Project to create an integrated LNG production hub.

Offshore, we operate two floating production storage and offloading (FPSO) facilities, the Okha FPSO and Ngujima-Yin FPSO. Our operations are focused on safety, reliability, efficiency and environmental performance.

We also have a non-operating participating interest in the Wheatstone project, which started production in 2017.

In November 2021, we reached agreement with BHP Group (BHP) for the merger of BHP’s petroleum business with Woodside. The merger will deliver increased scale, diversity and resilience. Completion of the merger is targeted for the second quarter of 2022, following receipt of approvals.

Internationally, we are executing the Sangomar Field Development Phase 1 in Senegal having achieved final investment decision in January 2020. This development, remains on track targeting first oil in 2023.

We continue to expand our capabilities in marketing, trading and shipping and have enduring relationships that span 30 years with customers throughout the Asia-Pacific region and beyond.

We are evolving our business to develop a low-cost, lower-carbon, profitable, resilient and diversified portfolio to help us thrive through the global energy transition.

Our climate strategy is to reduce our net equity Scope 1 and 2 greenhouse gas emissions, while investing in the products and services that our customers need as they reduce their emissions. We have set targets to reduce our net equity Scope 1 and 2 greenhouse gas emissions, including a 15% reduction by 2025 and 30% by 2030, towards our aspiration to achieve net zero by 2050 or sooner.¹

Our hydrocarbon business is complemented by a growing portfolio of hydrogen, ammonia and solar opportunities in Australia and internationally. Our new energy opportunities include the proposed hydrogen and ammonia projects H2Perth and H2TAS in Australia and the proposed hydrogen project H2OK in North America.

Technology and innovation are essential to our long-term sustainability. We are growing our carbon and new energy businesses. We use technology to reduce emissions and the carbon footprint of our products. We are pioneering remote support and the application of artificial intelligence, embedding advanced analytics across our operations.

We take a disciplined and prudent approach to investment through our capital management framework, ensuring we manage financial risks and maintain a resilient financial position. This allows us to optimise the value delivered from our portfolio of opportunities.

Environmental, social and governance performance is integral to our success. Our approach to sustainability is outlined in our Sustainable Development Report.

We recognise that enduring, meaningful relationships with communities are fundamental to our social performance. Woodside is committed to managing our activities in a sustainable way that is fundamental to the wellbeing of our workforce, our communities and our environment. We help create stronger communities through programs that improve knowledge, build resilience and create shared opportunities.

Our success is driven by our people and our culture. We are committed to upholding our values of respect, ownership, sustainability, working together, integrity and courage, and we aim to attract, develop and retain a diverse, high performing workforce.

Our proven track record and distinctive capabilities are underpinned by more than 65 years of experience, making us a partner of choice.

_{¹Target is for net equity Scope 1 and 2 greenhouse gas emissions, relative to a starting base of the gross annual average equity Scope 1 and 2 greenhouse gas emissions over 2016-2020 and may be adjusted (up or down) for potential equity changes in producing or sanctioned assets with an FID prior to 2021. Post-completion of the Woodside and BHP petroleum merger (which remains subject to conditions including regulatory approvals), the starting base will be adjusted for the then combined Woodside and BHP petroleum portfolio.}