Woodside Energy Third Quarter Report for Period Ended 30 September 2026

Strong performance from improved production and pricing

Performance highlights

• Achieved $84/boe realised LNG price during Q3 2026, an increase of 27% compared to Q2 2026 reflecting price lags from Q2 2026, realised values from LNG portfolio optimisation undertaken in Q2 2026 and stronger gas hub market pricing.

• Delivered quarterly operating revenue of $4,281 million, up 2% on Q2 2026 from strong LNG performance offset by lower average realised pricing from the liquids portfolio.

• Delivered quarterly production volumes of 46.2 MMboe (503 Mboe/d), up 12% from Q2 2026 reflecting higher production from Pluto LNG following turnaround and maintenance activities completed in Q2 2026.

• Achieved operational reliability of greater than 99% at Sangomar, NWS Project LNG and Pluto LNG.

• Completed NWS single train planned major turnaround campaign on schedule and budget.

Project highlights

• The Scarborough Energy Project was 99% complete and remains on budget and on track for first LNG cargo this year.

• The Trion Project was 71% complete at quarter end and remains on budget, with floating production unit (FPU) fabrication advancing to 96% completion, targeting first oil in 2028.

• The Louisiana LNG Project remains on budget, targeting first LNG in 2029. It is 32% complete with Train 1 41% complete.

Business and portfolio highlights

• Entered into an agreement to sell Woodside's 70% operated interest in the Calypso Project to bp.

• Completed the strategic review of Beaumont New Ammonia (BNA) and will initiate a formal process to reduce Woodside's investment and achieve value for shareholders.

PERTH, Australia, October 21, 2026--Woodside Energy Group (ASX: WDS) (NYSE: WDS):

2026 full-year guidance		Prior	Current	Comment
Total production volumes1	MMboe	174—185	174—181	Beaumont New Ammonia volumes revised to 1.5-2.5 MMboe Narrowing of window for Scarborough first LNG cargo Reduced production at Okha FPSO Completion of start-up and performance testing of Julimar Development Phase 3 in September
Gas hub exposure2	%	~30	No change
Capital expenditure3	$ million	4,000—4,500	No change
Abandonment expenditure	$ million	500—800	No change
Exploration expenditure	$ million	~200	No change
Production costs	$ million	1,500—1,800	No change
Feed gas, services and processing costs	$ million	500—600	No change
Property, plant and equipment depreciation and amortisation	$ million	4,200—4,700	No change

Woodside CEO Liz Westcott said the strong third quarter performance reflected the company's highly reliable operations and disciplined execution of major growth projects.