Woodside - Mia Yellagonga-30 [Image by Jarrad Seng]

Working openly

Woodside’s success depends not only on what we do but also how we do it.

Woodside's success depends not only on what we do but also how we do it.

Woodside has a zero-tolerance approach to bribery and corruption, in any form, in connection with our business in Australia and overseas. Bribery and corruption undermine fair competition, erode public trust in governments and business and disadvantage economies. They present a threat to commercial organisations and communities worldwide. We assess fraud and corruption risk across all our activities and locations. To determine risk level the criteria used include country of operation, activities undertaken, the level and nature of engagement with government, history of enforcement and susceptibility to fraud and corruption.

Our Australian tax contribution

We pay our taxes, as and when due, in compliance with the law.

The majority of our core producing assets are located in Australia where we generate most of our revenue and therefore pay the majority of our taxes.

Our Australian tax payments are made by the head company, Woodside Energy Group Ltd, as well as its 90% owned ‘Burrup’ subsidiaries, Burrup Facilities Company Pty Ltd and Burrup Train 1 Pty Ltd, which support our Pluto Project.

_{^{1 Data included here includes information relevant to the former Woodside Petroleum Ltd as well as the Woodside Energy Group Ltd for the period 1 January 2022 to 31 December 2022 and includes data relevant to the assets acquired through the merger with BHP’s petroleum business from 1 June 2022 to 31 December 2022.}}

^{_{2 Figures are reported on a cash basis (net of any refunds received, for example, refunds of tax overpaid in prior periods) and are rounded to the nearest million.}}

_{^{3 Woodside’s Australian tax contribution for 2018-2022 has been assured by Deloitte in accordance with Australian Auditing Standard on Review Engagements ASRE 2405 of Historical Financial Information Other than a Financial Report. Deloitte’s assurance inspects evidence to ensure the figures in the table above accurately reflect Woodside’s cash paid to settle Australian tax obligations in 2022.}}

Regulatory and Health, Safety and Environment Reporting

Woodside adopts a rigorous and transparent approach to meeting the regulatory obligations applicable to our business activities and reporting on Health, Safety and Environment (HSE) events.

We comply with relevant laws and regulations and apply responsible standards where laws do not exist. This includes adhering to reporting and notification requirements, such as those specified by NOPSEMA – Australia’s offshore energy regulator.

We also report and investigate HSE events to understand risks, causes and implement corrective actions to mitigate impacts and continuously improve the way we operate. Learnings from HSE events are communicated through cross-industry forums.

Woodside provides data relating to regulatory and HSE reporting in our sustainability disclosures available here.