WOODSIDE ENERGY GROUP Business Summary

Woodside Energy Group Ltd (WDS) is Australia’s largest independent energy producer, operating a vertically integrated business model centered on the exploration, development, and marketing of hydrocarbon products. The company generates the majority of its revenue through long-term supply contracts and spot market sales of Liquefied Natural Gas (LNG), supplemented by crude oil and condensate production. Its primary business segments include Australian Operations, which manages world-class assets like the North West Shelf and Pluto LNG; International Operations, spanning the Gulf of Mexico, Senegal, and Mexico; and a burgeoning New Energy division focused on lower-carbon initiatives such as the Beaumont New Ammonia project. Woodside competes globally against supermajors like Shell, BP, and Chevron, as well as domestic rivals such as Santos and Origin Energy. It distinguishes itself as a high-conviction LNG play with a strategic focus on the Asia-Pacific basin and a robust pipeline of growth projects, including the $12.5 billion Scarborough Energy Project slated for first production in late 2026. Following the December 2025 resignation of former CEO Meg O’Neill to lead BP, the company is currently led by Acting CEO Liz Westcott, a seasoned executive with over 25 years of industry experience at ExxonMobil and EnergyAustralia. She is supported by Executive Vice President and CFO Graham Tiver, who oversees the firm’s disciplined capital allocation and investment-grade balance sheet. The leadership team also includes Daniel Kalms (EVP International) and Mark Abbotsford (Chief Commercial Officer), both of whom are internal contenders for the permanent CEO role expected to be finalized by March 2026. The Board of Directors is chaired by Richard Goyder, AO, a prominent Australian business leader and former CEO of Wesfarmers. Woodside’s institutional stability is underpinned by a blue-chip shareholder base, with major stakes held by AustralianSuper, The Vanguard Group, and BlackRock, reflecting its status as a cornerstone of the Australian Securities Exchange (ASX).