The Woodside Energy Group Ltd (ASX: WDS) share price is in focus after the company posted a 3% lift in quarterly revenue to $3,359 million and delivered record production volumes led by its Sangomar and Pluto LNG assets.
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What did Woodside report?
- Q3 2025 production rose 1% to 50.8 million barrels of oil equivalent (MMboe)
- Quarterly sales volume of 55.0 MMboe, up from 54.4 MMboe in Q2
- Total revenue rose 3% quarter-on-quarter to US$3,359 million
- Sangomar oil field produced 99 thousand barrels per day (100% basis), generating US$477 million revenue
- Pluto LNG achieved 100% reliability for the quarter
- Average realised price of US$60 per barrel of oil equivalent
What else do investors need to know?
Woodside has upgraded its full-year 2025 production guidance to 192–197 MMboe following strong output across key assets. Capital expenditure (excluding Louisiana LNG) guidance was revised down slightly, reflecting the timing of investments across major projects.
The Scarborough Energy Project is now 91% complete, targeting first LNG in the second half of 2026. Meanwhile, commissioning of the Beaumont New Ammonia Project is almost done, aiming for initial production from late 2025. The company also completed the A$259 million sale of its Greater Angostura assets during the quarter.
What did Woodside management say?
Commenting on the result, Woodside CEO Meg O'Neill said:
Woodside delivered increased quarterly production of 51 million barrels of oil equivalent. Sangomar maintained its exceptional performance, producing 99 thousand barrels of oil per day at 98.2% reliability. Our Australian assets also demonstrated outstanding reliability of 100% at Pluto LNG and 99.9% at the North West Shelf Project… Our agreement to assume operatorship of the Bass Strait assets further strengthens Woodside's Australian operations portfolio and unlocks potential development of additional gas resources.
What's next for Woodside?
Woodside continues to progress its pipeline of global projects, with the Scarborough and Trion energy projects advancing on schedule. The company is focused on delivering first LNG from Scarborough in 2026 and first ammonia from Beaumont later in 2025.
Further out, Woodside is expanding its marketing footprint, having recently secured long-term LNG supply agreements with PETRONAS and BOTAŞ. Investors will be watching upcoming milestones closely, including the fourth quarter update and Capital Markets Day in November.
Woodside share price snapshot
Over the past 12 months, the Woodside share price has declined 9%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen around 8% over the same period.
