Purpose, strategy & values

STRATEGY FOR SUCCESS

Our strategy is underpinned by a portfolio of world-class assets, industry-leading technology and a prudent approach to capital allocation.

  • Our purpose

    Society's trusted energy partner

  • Our mission and vision

    Deliver affordable energy solutions and superior outcomes for stakeholders

Our foundation

Robust hydrocarbon business

Woodside’s operations are characterised by strong LNG reliability, cost discipline and strong safety and environmental performance. Our base business provides the foundation to deliver new growth opportunities. We have an attractive portfolio of potential developments 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. We will continue to maintain our competitive advantage through: sustained operational excellence, resources in close proximity to growth markets, acute cost focus and the delivery of value through innovation in technology or diversified products.
Building on our history and expertise

Energy growth

We are progressing new gas and energy projects in the Pilbara. This involves the development of the Scarborough and proposed development of the Browse offshore gas fields, as well as a number of onshore expansion and third-party processing opportunities that will utilise existing and proven facilities at Pluto LNG and the NWS Project. These projects will ensure the continued supply of domestic and export energy, providing significant economic and community benefits for decades to come. Final investment decisions (FID) were approved for the Scarborough and Pluto Train 2 projects, including the construction of new domestic gas facilities in the second half of 2021. Project execution activities are well advanced for the Sangomar Field Development Phase 1 offshore Senegal, targeting first oil in 2023.
Building on our strengths

Successful energy transition

We are focused on providing affordable energy solutions that deliver enduring value to shareholders, communities, governments and other stakeholders. We aim to thrive through the energy transition by building a low-cost, lower-carbon, profitable, resilient and diversified portfolio. Our climate strategy is an integral part of our company strategy. Woodside recognises that a decarbonising world requires low-cost and lower-carbon energy. As well as managing our net equity Scope 1 and 2 greenhouse gas emissions, our approach includes growing our portfolio of new energy opportunities focusing on hydrogen and ammonia projects and building capability as we develop the market for lower-carbon products and services.

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 65 years of achievement. The Compass also provides clear direction on where we are going, and how we will get there.

We believe that by doing what's right, by living our values every day, we can perform to our very best.