A New Chapter Begins
We are a global energy company, with the values, experience and creativity to adapt and thrive in a changing world.
We are a global energy company, founded in Australia with a spirit of innovation and determination. We provide energy that the world needs to heat and cool homes, keep lights on and support industry.
We aim to thrive through the global energy transition with a low-cost, lower-carbon, profitable, resilient and diversified portfolio. Our recently expanded global portfolio includes quality oil and gas assets and interests in Australia, Gulf of Mexico, Trinidad and Tobago, Senegal, Timor-Leste and Canada. We also have exploration prospects around the world.
Our focus in operations remains on safety, reliability, efficiency and environmental performance, leveraging more than 35 years of operating experience.
We have growth opportunities across our three pillars of gas, oil and new energy.
The Scarborough and Pluto Train 2 projects in Australia were approved in November 2021, with first LNG cargo expected in 2026. In Senegal, the Sangomar Field Development Phase 1 is targeting first oil in 2023. Shenzi North, a brownfield expansion of the Shenzi oil project in the US Gulf of Mexico, was approved in August 2021. The Trion oil project in Mexico entered front-end engineering design phase in September 2021.
Our new energy opportunities include the proposed hydrogen and ammonia projects H2Perth and H2TAS in Australia and the proposed hydrogen project H2OK in North America.
Our marketing, trading and shipping activities enable us to supply a growing base of customers primarily in the Asia-Pacific region.
Our climate strategy has two key elements: reducing our own net equity emissions; and investing in the products and services our customers need as they reduce their emissions. We have targets to reduce our net equity Scope 1 and 2 greenhouse gas emissions by 15% by 2025 and 30% by 2030, towards our aspiration to achieve net zero by 2050 or sooner.1
We have also announced a target to invest US$5 billion in new energy products and lower-carbon services by 2030.
We take a disciplined and prudent approach to investment through our capital management framework, ensuring we manage financial risks and maintain a resilient financial position. This allows us to optimise the value delivered from our portfolio of opportunities.
Environmental, social and governance performance is integral to our success. ESG performance guides responsible decision making at all levels of our business.
We respect the environment, operate responsibly and we adapt to the world’s expectations of us. Enduring and meaningful relationships with communities are fundamental to our social performance.
We recognise that our success is driven by our people and our culture. We value diversity and we keep each other safe.
1 Target is for net equity Scope 1 and 2 greenhouse gas emissions, relative to a starting base of the gross annual average equity Scope 1 and 2 greenhouse gas emissions over 2016-2020 and may be adjusted (up or down) for potential equity changes in producing or sanctioned assets with an FID prior to 2021. The starting base will be adjusted for the combined Woodside and BHP petroleum portfolio.
We have a vision to provide the low-cost, lower-carbon energy our world needs. We are building a better future, guided by our values and purpose.
We have a resilient and diversified portfolio that will help us thrive through the global energy transition.
We are reducing our carbon footprint and we are working on new energy solutions. We aspire to achieve net zero by 2050 or sooner.
Technology and innovation
From the first LNG plant in the southern hemisphere, to the world’s largest not-normally crewed offshore platform, Woodside has long been a leader in applying oil and gas technologies.