Woodside's shareholder distributions policy
We aim to deliver superior shareholder value through disciplined and sustainable shareholder distributions, while maintaining financial resilience and the capacity to invest in the business.
Woodside targets shareholder distributions, expressed in US dollars and calculated as a percentage of Adjusted Operating Cash Flow (AOCF), comprising:
- a base dividend of 20% of AOCF; and
- discretionary distributions of up to an additional 20% of AOCF through dividends, share buybacks or a combination of both.
The Board retains discretion to determine whether a dividend or other shareholder distribution will be made, including the form and amount of any distribution.