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An update from Woodside Energy Group ( (AU:WDS) ) is now available.
Woodside Energy reported first-quarter 2026 production of 45.2 million barrels of oil equivalent, down 8% from the prior quarter due to cyclone-related disruptions, but highlighted exceptional reliability at core assets and an 11% rise in realised prices to $63 per barrel of oil equivalent. Western Australian operations were safely restored after severe weather, and full-year guidance for production, capital expenditure, costs and other key metrics was reaffirmed, underlining operational resilience.
Major growth projects advanced on schedule and budget, with the Scarborough Energy Project 96% complete and targeting first LNG in late 2026, the Trion oil project 56% complete and aiming for first oil in 2028, and the Louisiana LNG development progressing toward first LNG in 2029. Woodside also shipped first cargo from Beaumont New Ammonia, assumed operations of that facility, completed key drilling milestones ahead of an asset swap with Chevron, and introduced new CEO Liz Westcott, who has launched a structured review to streamline the business and sharpen cost discipline without compromising safety or reliability.
The most recent analyst rating on (AU:WDS) stock is a Hold with a A$30.40 price target. To see the full list of analyst forecasts on Woodside Energy Group stock, see the AU:WDS Stock Forecast page.
More about Woodside Energy Group
Woodside Energy Group is a global oil and gas producer focused on LNG, conventional oil, and gas projects, with major operations in Western Australia and a growing portfolio in the U.S. Gulf Coast and Mexico. The company targets long-life, cash-generative projects such as Scarborough, Pluto LNG, Trion and Louisiana LNG to supply energy markets in Asia and North America.
Average Trading Volume: 8,002,307
Technical Sentiment Signal: Buy
Current Market Cap: A$61.93B
For a thorough assessment of WDS stock, go to TipRanks’ Stock Analysis page.