Woodside posts Q2 FY2026 operating revenue of US$4,185 million, up 28%, as growth projects stay on budget
AI Market Summary
Woodside reported a 28% QoQ rise in operating revenue and a 35% increase in realised prices, offset by a 9% production decline from maintenance and cyclone recovery. Asset reliability remained high and major LNG/oil growth projects (Scarborough, Trion, Louisiana LNG) stayed on budget and schedule, supporting confidence in medium-term supply additions. The update is modestly supportive for energy-sector sentiment and LNG-linked fundamentals.
Impact level
● Medium
Affected assets
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● Neutral
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Woodside Energy Group (ASX: WDS) reported Q2 FY2026 operating revenue of US$4,185 million, up 28% quarter on quarter. The average realised price rose 35% to US$85 per barrel of oil equivalent, while production fell 9% to 41.3 million barrels of oil equivalent due to planned maintenance and cyclone recovery. The company said Pluto and North West Shelf LNG reliability exceeded 97%, while Sangomar and Shenzi delivered over 99%.
