We pay our taxes

We are a global energy company, founded in Australia and a significant taxpayer.

A significant taxpayer

Woodside has paid more than A$13 billion in Australian taxes and royalties since 2011.

We pay our taxes, as and when due, in compliance with the law. We actively participate in several global ESG rating indices and our approach to tax is included within the leading group, relative to our industry peers.

Our approach to tax
Woodside is committed to maintaining open and constructive relationships with our tax policy setters and administrators, both domestic and foreign. We recognise the need to be open, transparent and accountable to maintain the trust of our stakeholders.


Our Australian tax contribution

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 contribution over the last 5 years to 2022 is presented in the data table. This table formed part of the Sustainable Development Report. 

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Foreign tax contribution

As a global energy company, we have activities in a number of jurisdictions around the world. We comply with the tax laws and regulations applicable to our business.

Our 2022 non-Australian taxes, royalties and production entitlements paid is presented in the data table. 

Australian Taxation Office releases the 2020-21 Report of entity tax information

The information contained in the 2020-21 Report of entity tax information illustrates that Woodside’s entities had income tax payable totalling approximately A$390 million, which as a percentage of taxable income is near the 30% corporate tax rate for large business.

Read our media release