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Woodside Energy Drives Record 2024 Production Amid Strategic Portfolio Shift

7:03pm on Monday 2nd of June, 2025 AEST Energy
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Woodside Energy Drives Record 2024 Production Amid Strategic Portfolio Shift

7:03pm on Monday 2nd of June, 2025 AEST
Key Points
  • Record full-year production of 194 million barrels of oil equivalent (MMboe) driven by Sangomar
  • Scarborough Energy project 78% complete, on track for first LNG cargo in 2026
  • Asset swap with Chevron simplifies Australian portfolio, boosting North West Shelf stake to 50%
  • Quarterly revenue declined 6% due to seasonal demand and unplanned Pluto shutdown
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