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Australia's largest independent oil and gas producer, exporting LNG from its North West Shelf and Pluto projects.
Australia's largest independent oil and gas producer, exporting LNG from its North West Shelf and Pluto projects.
Sells LNG mainly under long-term contracts with Asian utilities, partly priced off oil, with crude, condensate and Australian domestic gas adding revenue. The 2022 merger with BHP's petroleum business made it much larger and added Gulf of Mexico oil. Louisiana LNG, from the 2024 Tellurian purchase, signals a push into US export capacity.
In one line: Australia's ConocoPhillips.
Moat: narrow (scale, installed base). Large low-cost LNG production and export infrastructure built over decades, hard to replicate quickly.
Headquarters: Perth, Australia · Founded: 1954 · Employees: 4,693
Size Woodside Energy (WDS.AX) is an Australia Energy company (Oil & Gas Production) with a market value of $40.4B, the 9th largest of 316 Australia companies the cockpit tracks. Shares closed at A$30.74 on 6 Nov 2026.
Performance Over six months the shares fell 0.4%, against +2.5% for the median peer and +4.1% for the Australia market (cap-weighted) — 3rd lowest of 7 in its peer set.
Growth Revenue fell 9.5% over the last twelve months (peer median +11.1%); the operating margin is 26.3% (peer median 22.2%).
Valuation It trades at 9.4× forward earnings against a peer median of 10.0× (4th cheapest of 7).
Capital Return on invested capital runs 1.4 points below its cost of capital (6.1% WACC).
Credit Woodside Energy has 8 bonds outstanding ($7.80B), rated BBB+ by the agencies and trading like BBB+ at a weighted spread of 85 bp.
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | A$20.3B | A$20.1B | A$21.2B | A$21.1B | A$24.2B |
| Revenue growth | — | -5% | +1% | -13% | — |
| Gross profit | A$6.04B | A$5.97B | A$8.54B | A$8.69B | A$14.0B |
| EBITDA | A$13.1B | A$13.8B | A$15.5B | A$14.6B | A$17.9B |
| Net income | A$4.52B | A$4.22B | A$5.42B | A$2.50B | A$9.37B |
| Free cash flow | -A$577M | -A$2.17B | A$1.02B | A$1.18B | A$8.09B |
| Capital expenditure | A$9.70B | A$12.4B | A$7.43B | A$7.97B | A$4.52B |
| Total debt | n/a | A$20.6B | A$18.8B | A$9.52B | A$9.99B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Woodside Energy WDS.AX | $40.4B | 0% | -10% | 26% | 9.4× | n/a |
| Santos STO.AX | $19.2B | +11% | -8% | 21% | 8.1× | 11.7% |
| Shell SHEL.L | $284B | +18% | +15% | 16% | 7.7× | -10.9% |
| ConocoPhillips COP | $164B | +21% | +9% | 22% | 11.5× | -6.2% |
| Inpex 1605.T | $25.9B | -16% | -8% | 49% | 7.4× | -14.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WDS.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.9% | +0.4% | 2nd lowest of 7 |
| 6-month return | -0.4% | +2.5% | 3rd lowest of 7 |
| Distance from 52-week high | -14.2% | -12.5% | 4th highest of 7 |
| Revenue growth (TTM) | -9.5% | +11.1% | 2nd lowest of 7 |
| Operating margin | 26.3% | 22.2% | 3rd highest of 7 |
| Forward P/E | 9.4× | 10.0× | 4th cheapest of 7 |
| ROIC minus cost of capital | -1.4 pp | -0.2 pp | 4th highest of 7 |
| EV / EBITDA | 6.1× | 8.0× | 2nd cheapest of 7 |
| Net debt / EBITDA | 1.0× | 1.5× | 4th least indebted of 7 |
| Bond spread | 85 bp | 128 bp | 2nd tightest of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Woodside Energy WDS.AX | Australia | $40.4B | 0% | -10% | 26% | 9.4× | n/a | n/a |
| Diamondback Energy FANG | United States | $50.0B | -5% | +21% | 39% | 7.9× | -5.6% | +39.8% |
| Santos STO.AX | Australia | $19.2B | +11% | -8% | 21% | 8.1× | 11.7% | +9.3% |
| Tourmaline Oil TOU.TO | Canada | $17.5B | -3% | +4% | 1% | 11.9× | n/a | n/a |
| Origin Energy ORG.AX | Australia | $14.4B | +5% | -10% | 8% | 16.2× | 10.9% | +5.0% |
| Range Resources RRC | United States | $11.4B | +20% | +18% | 33% | 12.1× | -1.7% | +10.9% |
| Antero Resources AR | United States | $11.1B | 0% | +22% | 23% | 7.8× | -4.1% | +15.1% |
Woodside Energy has 8 bonds outstanding with $7.80B face value. The agencies rate it BBB+; its bonds trade like BBB+. Weighted yield 5.53%, a spread of 85 bp over government bonds.