Woodside Energy (ASX:WDS) has reported a landmark year, delivering record full-year production of 198.8 MMboe, surpassing its 2025 guidance.
The performance was bolstered by high operational reliability, including 100% reliability at Pluto LNG during the second half of the year and strong output from the Sangomar Project in Senegal.
Despite a 4% dip in fourth-quarter production due to seasonal weather and lower Australian demand, the company maintained a solid average realized price of $57/boe.
Acting CEO Liz Westcott, appointed following the resignation of Meg O'Neill, noted that the company is advancing its major growth pipeline.
The Scarborough Energy Project is now 94% complete and remains on track for its first LNG cargo in late 2026.
Additionally, the Beaumont New Ammonia Project in Texas achieved its first production milestone in December, with lower-carbon ammonia output expected by mid-2026.