Woodside Energy Group (NYSE:WDS) achieved record annual production in 2025, leveraging the ramp-up of its Sangomar field in Senegal to counter a year of cooling global energy prices.
The company reported total production of 198.8 million barrels of oil equivalent (MMboe), or approximately 545,000 barrels per day.
The result was bolstered by the Sangomar project, which operated at its 100,000 barrel-per-day nameplate capacity for most of the year, and high reliability across its Australian LNG hubs, Pluto and the North West Shelf.
While volume hit an all-time high, lower realized prices weighed on the bottom line.
Net profit after tax (NPAT) fell 24% to $2.72 billion.
However, on an underlying basis—which strips out one-off items—profit remained more resilient, sliding 8% to $2.65 billion.
Acting CEO Liz Westcott highlighted the company’s cost discipline, noting that unit production costs fell 4% to $7.80 per barrel.
Despite the profit dip, Woodside maintained its aggressive return policy.
Directors declared a final dividend of 59 cents per share, bringing the full-year payout to 112 cents.
This keeps the payout ratio at 80%, the top end of the company’s target range, representing a total 2025 return of $2.1 billion to shareholders.
Meanwhile, Woodside signed six major long-term sales agreements in 2025 with buyers across Asia and Europe, signaling continued industrial appetite for LNG as a bridge fuel for energy security and decarbonization.