Woodside Energy has reported stable results for the first quarter of 2025, with consistent production and ongoing progress across its major energy projects.
The company recorded production of 49.1 million barrels of oil equivalent (MMboe), down four per cent from Q4 2024, due to weather-related impacts at the North West Shelf and unplanned outages at Pluto LNG.
Production was up nine per cent year-on-year, thanks in large part to sustained output from the Sangomar field in Senegal, which delivered 78,000 barrels per day (Woodside share) at 97.6 per cent reliability.
Revenue for the quarter reached US$3.315 billion, a five per cent dip from the previous quarter, but a 13 per cent increase on Q1 2024, boosted by higher gas hub-linked prices and Sangomar’s continued contribution.
“We maintained world-class operational performance across our portfolio of high-quality assets, with Sangomar further boosting quarterly revenue through exceptional production of 78 thousand barrels per day at almost 98 per cent reliability,” Woodside CEO Meg O’Neill said.
“At the same time, we’ve made significant progress across all our major projects – all of which remain on schedule and within budget.”
Among Woodside’s marquee developments, the Beaumont New Ammonia Project is now 90 per cent complete, with pre-commissioning to begin in Q2 and first production on track for the second half of the year. The Scarborough Energy Project also hit 82 per cent completion, progressing toward its first LNG cargo in late 2026.
Post-quarter, Woodside announced long-term LNG supply agreements with Uniper and China Resources Gas, further shoring up its future sales portfolio.
Woodside will hold its Annual General Meeting on 8 May 2025. The next quarterly report is scheduled for release on 23 July.
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