Woodside Vitality closed 2025 with report annual manufacturing of 198.8 million barrels of oil equal, beating steerage and underpinned by sturdy offshore oil efficiency and distinctive LNG reliability, whereas its subsequent wave of LNG and new-energy tasks moved steadily towards first manufacturing.
The corporate reported full-year output of 198.8 million barrels of oil equal, exceeding its steerage vary and marking its highest annual manufacturing up to now. Fourth-quarter manufacturing totaled 48.9 MMboe, down 4% from the prior quarter due largely to seasonal climate impacts and decrease fuel demand on Australia’s east coast.
Operational efficiency remained a standout. Sangomar offshore Senegal delivered 99.2% reliability, whereas the Shenzi deepwater oil discipline within the U.S. Gulf of Mexico operated at 98% reliability. On the LNG aspect, Pluto LNG achieved a second consecutive quarter of 100% reliability, with the North West Shelf working at 99.8%.
Common realized costs fell to $57 per barrel of oil equal within the fourth quarter, down 5% quarter-on-quarter, reflecting weaker oil-linked and fuel hub pricing. Regardless of the worth pullback, Woodside ended the yr with sturdy money technology and liquidity of roughly $9.3 billion.
Challenge execution continues to outline Woodside’s funding case. The Scarborough Vitality Challenge, considered one of Australia’s largest undeveloped fuel sources, was 94% full at year-end and stays on finances, concentrating on first LNG cargoes within the fourth quarter of 2026. The Scarborough floating manufacturing unit has now arrived in Australia, with hook-up and commissioning underway.
Within the U.S., Woodside’s Louisiana LNG venture reached 22% completion throughout its three-train basis section. The corporate continues to focus on first LNG in 2029 and not too long ago de-risked the venture by promoting down a ten% fairness stake and pipeline operatorship to Williams, which is able to contribute round $1.9 billion in capital and take LNG offtake volumes.
Woodside can also be increasing past conventional hydrocarbons. The Beaumont New Ammonia venture in Texas achieved first ammonia manufacturing in December, with typical ammonia deliveries set to start in 2026 and lower-carbon ammonia focused for the second half of the yr. Administration views ammonia as a bridge between present fuel property and future decarbonization markets.
In the meantime, the Trion deepwater oil venture offshore Mexico reached 50% completion and stays on monitor for first oil in 2028, whereas the Better Western Flank Section 4 growth on the North West Shelf was permitted, extending manufacturing life with an anticipated inside price of return of round 30%.
