Purpose, strategy & values
STRATEGY FOR SUCCESS
Our strategy is shaped to successfully respond to the energy transition, underpinned by industry-leading technology and a prudent approach to capital allocation.
Society's trusted energy partner
Our mission and vision
Deliver affordable energy solutions and superior outcomes for stakeholders
Energy growthWe are progressing new gas and energy projects in the Pilbara. This involves the proposed development of the Scarborough and 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. We are targeting a final investment decision for Scarborough and Pluto Train 2 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.
Successful energy transitionWe are focused on providing affordable energy solutions that deliver enduring value to shareholders, communities, governments and other stakeholders. We are managing our energy transition through the provision of natural gas, the decarbonisation of our business and incremental investment in targeted new energy businesses with prospective exponential growth, such as hydrogen. We have clear near- and mid-term targets that put us on a pathway to net zero by 2050 for our direct emissions. We are pursuing opportunities that are the right fit for us and that complement our assets and abilities, offering optionality around traditional assets that may diversify our revenue streams. We are developing our carbon business, and are actively generating carbon sinks to offset our Scope 1 and Scope 2 emissions. We are sharing knowledge and building capabilities through strategic partnerships.
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.