Full Year 2025 Woodside Energy Group Ltd Earnings Call Transcript
Key Points
- Woodside Energy Group Ltd (WOPEF) achieved record annual production of 198.8 million barrels of oil equivalent in 2025, exceeding their full-year guidance range.
- The company reported a strong underlying net profit after tax of $2.6 billion, supported by record production levels.
- Woodside Energy Group Ltd (WOPEF) declared a final dividend of USD 0.59 per share, bringing the total fully franked full-year dividend to USD 0.0112 per share, representing a payout ratio of 80% of underlying NPAT.
- The Scarborough Energy project was 94% complete at year-end and remains on track for first LNG cargo in the fourth quarter of 2026.
- The company demonstrated strong sustainability performance, achieving a 15% reduction in net equity Scope 1 and 2 greenhouse gas emissions below their starting base for 2025.
- Despite record production, the company faced lower realized prices compared to the previous year, impacting overall revenue.
- The Louisiana LNG project, although progressing, still requires further sell-downs to reduce Woodside's capital commitment and secure strategic partners.
- The company anticipates increased costs in 2026 due to major turnarounds and maintenance activities, including at Pluto LNG.
- There is uncertainty regarding the uptake of lower carbon ammonia, which could impact the timing and development of Phase II at the Beaumont project.
- The company faces challenges in maintaining production levels as natural field decline is expected across several assets, including Sangomar, which has commenced decline after plateauing in 2025.
Thank you for standing by, and welcome to the Woodside Energy Group Limited full-year 2025 results. (Operator Instructions)
I would now like to hand the conference over to Liz Westcott, Acting Chief Executive Officer. Please go ahead.
Good morning, and welcome to Woodside's 2025 Full Year Results Presentation. We are presenting from Sydney, and I would like to begin by acknowledging the traditional custodians of this land, the Gadigal people of the Eora nation and pay my respects to their elders past and present. Today, I'm joined on the call by our Chief Financial Officer, Graham Tiver. Together, we will provide an overview of our full year 2025 performance before opening up to Q&A.
Please take time to read the disclaimers, assumptions and other important information. And I'd like to remind you that all dollar figures in today's presentation are in US dollars, unless otherwise indicated.
I am very pleased to present an outstanding set of full year results
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