# EDGAR Filing Document

**Accession Number:** 0000844551
**File Stem:** 0001193125-26-107139
**Filing Date:** 2026-3
**Character Count:** 97102
**Document Hash:** 3ebd91924a5e74410088fbc52f28a614
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-107139.hdr.sgml**: 20260316

**ACCESSION NUMBER**: 0001193125-26-107139

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 37

**CONFORMED PERIOD OF REPORT**: 20260316

**FILED AS OF DATE**: 20260316

**DATE AS OF CHANGE**: 20260316

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WOODSIDE ENERGY GROUP LTD
- **CENTRAL INDEX KEY:** 0000844551
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41404
- **FILM NUMBER:** 26754401

**BUSINESS ADDRESS:**
- **STREET 1:** 11 MOUNT STREET
- **STREET 2:** PERTH
- **CITY:** WESTERN AUSTRALIA
- **STATE:** C3
- **ZIP:** 6000
- **BUSINESS PHONE:** (618) 9348 5036

**MAIL ADDRESS:**
- **STREET 1:** 11 MOUNT STREET
- **STREET 2:** PERTH
- **CITY:** WESTERN AUSTRALIA
- **STATE:** C3
- **ZIP:** 6000

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WOODSIDE PETROLEUM LTD
- **DATE OF NAME CHANGE:** 19881222

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM 6-K** 

**REPORT OF FOREIGN PRIVATE ISSUER** 

**PURSUANT TO RULE 13a-16 OR 15d-16** 

**UNDER THE SECURITIES EXCHANGE ACT OF 1934** 

**For the month of March 2026** 

**Commission File Number: 001-41404** 

## Woodside Energy Group Ltd
**(ABN 55 004 898 962)** 

**(Registrant's name)** 

**Woodside Energy Group Ltd** 

**Mia Yellagonga, 11 Mount Street** 

**Perth, Western Australia 6000** 

**Australia** 

**(Address of principal executive offices)** 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

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**EXHIBIT INDEX** 

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| | |
|:---|:---|
| Exhibit No. | Description |
| 99.1 | [A copy of the registrant's ASX Announcement, dated March 16, 2026, entitled "Sustainability Briefing 2026".](d104276dex991.htm) |
| 99.2 | [A copy of the registrant's ASX Announcement, dated March 16, 2026, entitled "Sustainability Briefing 2026 Transcript".](d104276dex992.htm) |

---

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**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: March 16, 2026

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| | |
|:---|:---|
| **WOODSIDE ENERGY GROUP LTD** | **WOODSIDE ENERGY GROUP LTD** |
| By: | /s/ Damien Gare |
|  | Damien Gare<br> Corporate Secretary |

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## Exhibit 99.1

**Exhibit 99.1** 

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| | |
|:---|:---|
| **Announcement** | ![LOGO](g104276g0315180411253.jpg)  |
| Monday, 16 March 2026 | **Woodside Energy Group Ltd.**<br> ACN 004 898 962<br> Mia Yellagonga<br> 11 Mount Street<br> Perth WA 6000<br> Australia<br> **T** +61 8 9348 4000<br> **www.woodside.com**<br>ASX: WDS<br> NYSE: WDS |

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**SUSTAINABILITY BRIEFING 2026** 

At Woodside's Sustainability Briefing 2026 today, Acting Chief Executive Officer Liz Westcott outlined the central role of sustainability in Woodside's strategy and delivery of long-term shareholder value.

Ms Westcott said the briefing highlights how Woodside's sustainability priorities drive business performance and deliver value for shareholders and the communities in which Woodside operates.

"Our performance is supported by strong governance and risk management at the Board and senior management levels of Woodside.

"By providing energy the world needs, and doing so responsibly and sustainably, we are well placed to build a resilient, profitable business that delivers long-term value for our shareholders."

Woodside's Sustainability Report (released as part of the Annual Report) and 2025 Climate and Sustainability Summary were released on 24 February 2026.

**Webcast** 

To access the live webcast of the Sustainability Briefing Day, please follow the link at <u>https://meetings.lumiconnect.com/300-700-100-662</u>.

The webcast will commence at 11:00 AEDT / 8:00 AWST Monday, 16 March 2026 (19:00 CDT on Sunday, 15 March 2026).

A copy of Woodside's Sustainability Briefing 2026 slide pack is attached.

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| | |
|:---|:---|
| **INVESTORS**<br>**Vanessa Martin**<br> M: +61 477 397 961<br> E: <u>investor@woodside.com</u> | **MEDIA**<br>**Christine Abbott**<br> M: +61 484 112 469<br> E: <u>christine.abbott@woodside.com</u> |

---

*This announcement was approved and authorised for release by Woodside's Disclosure Committee.* 

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Sustainability Briefing 2026 16 March 2026 www.woodside.com

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Disclaimer, important notes and assumptions The purpose of this presentation is to enable readers to obtain a high-level understanding of Woodside's sustainability strategy and performance in 2025. It also includes extracts of broader market analysis relating to the potential demand for Woodside's products and services and other information. This presentation does not contain all of the underlying context and detail that is included in the 2025 Climate and Sustainability Summary or section 3.6 of Woodside's 2025 Annual Report. This presentation should be read in conjunction with the 2025 Climate and Sustainability Summary and section 3.6 of Woodside's 2025 Annual Report which includes more fulsome explanation of the underpinning assumptions, uncertainties and context relevant to the information in this presentation. Information This presentation has been prepared by Woodside Energy Group Ltd ("Woodside"). All information included in this presentation, including any forward-looking statements, reflects Woodside's views held as at the date of this presentation and, except as required by applicable law, neither Woodside, its related bodies corporate, nor any of their respective officers, directors, employees, advisers or representatives ("Beneficiaries") intends to, undertakes to, or assumes any obligation to, provide any additional information or update or revise any information or forward-looking statements in this presentation after the date of this presentation, either to make them conform to actual results or as a result of new information, future events, changes in Woodside's expectations or otherwise. Past performance (including historical financial and operational information) is not necessarily a reliable indicator of future performance. This presentation may contain industry, market and competitive position data that is based on industry publications and studies conducted by third parties as well as Woodside's internal estimates and research. While Woodside believes that each of these publications and third-party studies is reliable and has been prepared by a reputable source, Woodside has not independently verified the market and industry data obtained from these third-party sources and cannot guarantee the accuracy or completeness of such data. Accordingly, undue reliance should not be placed on any of the industry, market and competitive position data contained in this presentation. To the maximum extent permitted by law, neither Woodside, its related bodies corporate, nor any of their respective Beneficiaries, assume any liability (including liability for equitable, statutory or other damages) in connection with, any responsibility for, or make any representation or warranty (express or implied) as to, the fairness, currency, accuracy, adequacy, reliability or completeness of the information or any opinions expressed in this presentation or the reasonableness of any underlying assumptions. No offer or advice This presentation is not intended to and does not constitute, form part of, or contain an offer or invitation to sell to Woodside shareholders (or any other person), or a solicitation of an offer from Woodside shareholders (or any other person) or a solicitation of any vote or approval from Woodside shareholders (or any other person) in any jurisdiction. This presentation has been prepared without reference to the investment objectives, financial and taxation situation or particular needs of any Woodside shareholder or any other person. The information contained in this presentation does not constitute, and should not be taken as, financial product or investment advice. Woodside encourages you to seek independent legal, financial, taxation and other professional advice before making any investment decision. This presentation and the information contained herein may not be taken or transmitted, in, into or from and may not be copied, forwarded, distributed or transmitted in or into any jurisdiction in which such release, publication or distribution would be unlawful. The release, presentation, publication or distribution of this presentation, in whole or in part, in certain jurisdictions may be restricted by law or regulation, and persons into whose possession this presentation comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of the relevant jurisdiction. Woodside does not accept liability to any person in relation to the distribution or possession of this document in or from any such jurisdiction. Forward-looking statements This presentation contains forward-looking statements with respect to Woodside's business and operations, market conditions, results of operations and financial condition, including, for example, but not limited to, outcomes of transactions, statements regarding long-term demand for Woodside's products and services, development, completion and execution of Woodside's projects, new energy products, expectations and plans for new energy products and lower-carbon services and investments in, and development of, new energy products and lower-carbon services, and expectations regarding the achievement of Woodside's net equity Scope 1 and 2 greenhouse gas emissions reduction and Scope 3 investment and emissions abatement targets and other climate and sustainability goals. All statements, other than statements of historical or present facts, are forward-looking statements and generally may be identified by the use of forward-looking words such as 'aim', 'anticipate', 'aspire', 'believe', 'enable', 'estimate, 'expect', 'forecast', 'foresee', 'guidance', 'intend', 'likely', 'may', 'outlook', 'plan', 'potential', 'project', 'schedule', 'seek', 'should', 'strategy', 'target', 'will' and other similar words or expressions. Similarly, statements that describe the objectives, plans, goals or expectations of Woodside are forward-looking statements. Forward looking statements in this presentation are not guidance, forecasts, guarantees or predictions of future events or performance. No representation or warranty, express or implied, is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness of any forward looking information in this document. Readers should not place undue reliance on any forward looking statements contained in this document, particularly in light of the long time horizon this document discusses and inherent uncertainty in policy, market and technological developments in the future. Those statements and any assumptions on which they are based are subject to change without notice and are subject to inherent known and unknown risks, uncertainties, assumptions and other factors, many of which are beyond the control of Woodside, its related bodies corporate and their respective officers, directors, employees, advisers or representatives. Forward looking information in this presentation may be affected by variables and changes in underlying assumptions which could cause actual results to differ materially from those expressed in this document. In addition to the risks referenced above these include price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental risks, transition risks, physical risks, legislative, policy, fiscal and regulatory developments, changes in accounting standards, economic and financial market conditions in various countries and regions, political risks, abatement able to be delivered through engineering or operational changes, project delay or advancement, approvals, cost estimates and risks associated with acquisitions, mergers and joint ventures, including difficulties integrating or separating businesses, uncertainty associated with financial projections, restructuring, increased costs and adverse tax consequences, and uncertainties and liabilities associated with acquired and divested properties and businesses. Some matters are subject to approval of joint venture participants.

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Disclaimer, important notes and assumptions (continued) Forward-looking statements (continued) A detailed summary of the key risks relating to Woodside and its business can be found in the "Risk" section of Woodside's most recent Annual Report released to the Australian Securities Exchange and in Woodside's most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission and available on the Woodside website at https://www.woodside.com/investors/reports-investor-briefings. You should review and have regard to these risks when considering the information contained in this presentation. If any of the assumptions on which a forward-looking statement is based were to change or be found to be incorrect, this would likely cause outcomes to differ from the statements made in this presentation. Investors are strongly cautioned not to place undue reliance on any forward-looking statements. Actual results or performance may vary materially from those expressed in, or implied by, any forward-looking statements. All forward-looking statements contained in this presentation reflect Woodside's views held as at the date of this presentation and, except as required by applicable law, Woodside does not intend to, undertake to, or assume any obligation to, provide any additional information or update or revise any of these statements after the date of this presentation, either to make them conform to actual results or as a result of new information, future events, changes in Woodside's expectations or otherwise. Climate strategy and emissions data All greenhouse gas emissions data in this presentation are estimates, due to the inherent uncertainty and limitations in measuring or quantifying greenhouse gas emissions, and our methodologies for measuring or quantifying greenhouse gas emissions may evolve as best practices continue to develop and data quality and quantity continue to improve. Woodside "greenhouse gas" or "emissions" information reported are net equity Scope 1 greenhouse gas emissions, Scope 2 greenhouse gas emissions, and/or Scope 3 greenhouse gas emissions, unless otherwise stated. For more information on Woodside's climate strategy and performance, including further details regarding Woodside's targets, aspirations and goals and the underlying methodology, judgements, assumptions and contingencies, refer to Woodside's 2025 Climate and Sustainability Summary, available on the Woodside website at https://www.woodside.com/sustainability and section 3.6 of Woodside's 2025 Annual Report. The glossary and footnotes to this presentation provide clarification regarding the use of terms such as "lower-carbon" under Woodside's strategy. A full glossary of terms used in connection with Woodside's strategy is contained in Woodside's 2025 Annual Report. Other important information All references to dollars, cents or $ in this presentation are to US currency, unless otherwise stated. References to "Woodside" may be references to Woodside Energy Group Ltd and/or its applicable subsidiaries (as the context requires). This presentation does not include any express or implied prices at which Woodside will buy or sell financial products. A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

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11:00AM Welcome and introduction Vanessa Martin VP Investor Relations 11:02AM Message from Sustainability Committee Chair Ann Pickard Chair of the Sustainability Committee 11:05AM Sustainability strategy and governance Liz Westcott Acting CEO 11:10AM Providing energy the world needs Liz Westcott Acting CEO 11:25AM Climate and sustainability performance Liz Westcott Acting CEO 11:40AM Panel Q&A Liz Westcott Acting CEO Tony Cudmore EVP Sustainability, Policy and External Affairs Peter Metcalfe VP Climate, Sustainability and Energy Policy Sharon Reynolds Global Head of Indigenous Affairs and Human Rights Moderator: Vanessa Martin VP Investor Relations Agenda

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Video Message from Chair of Sustainability Committee Ann Pickard

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Liz Westcott Acting CEO Sustainability strategy and governance

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Delivering energy responsibly 1 Woodside supplies products the world needs; and we produce them responsibly 2 Sustainability is integrated into how Woodside manages its business, underpinned by strong governance 3 Woodside's track record of delivery means our stakeholders can rely on us; and we are committed to creating value for our shareholders over time

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Creating long-term value Continued strong track record of safe and reliable operations Monetising through portfolio and marketing optimisation Major development projects focused on cost and schedule Strategic partnering and customer relationships Disciplined capital allocation and balance sheet management Actively refining the portfolio for long-term value creation Maximise performance from base business Deliver cash-generative assets Create future opportunities Sustainability Briefing 2026 Underpinned by a focus on sustainability and innovation

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Delivering sustainability and innovation outcomes Delivering sustainability outcomes High consequence injuries (HCI) is defined as Fatality and Permanent Impairment Injury (FPI) which aligns with International Association of Oil and Gas Producers (IOGP) definition for FPI. From 2022 to 2024 HCI was defined as an injury where the individual does not return to full health within six months. Under the 2025 definition there was zero HCI in 2024 and two HCI's in 2023. This means net equity Scope 1 and 2 GHG emissions for the 12-month period ending 31 December 2025 are targeted to be 15% lower than the starting base. Net equity Scope 1 and 2 GHG emissions reduction targets and aspiration are relative to a starting base of 6.27 Mt CO2-e which is representative of the gross annual average equity Scope 1 and 2 greenhouse gas emissions over 2016-2020 and which may be adjusted (up or down) for potential equity changes in producing or sanctioned assets with a final investment decision prior to 2021. Net equity emissions include the utilisation of carbon credits as offsets, inclusive of those required to meet regulatory obligations. In relation to our 2025 equity Scope 1 and 2 GHG emissions, 1,283 kt CO2-e carbon credits were retired in order to meet our target of 5,334 kt CO2-e net equity Scope 1 and 2 GHG emissions. This includes retirement of carbon credits subsequent to the period, after full year 2025 gross equity Scope 1 and 2 GHG emissions were calculated and externally assured. State Government approval received in 2024. Federal Government approval received in 2025. Approvals subject to conditions. Three separate legal proceedings have commenced in the Federal Court of Australia challenging the Federal Government's environmental approval, and one in the Western Australian Supreme Court challenging the State Government's environmental approval. Climate 15% reduction in net equity Scope 1 and 2 greenhouse gas emissions2,3,4 Indigenous cultural heritage and engagement Co-existence with cultural heritage and secured environmental approvals Environment and biodiversity Robust and systematic approach to environmental management Health, safety and wellbeing Improved safety performance on reliable world-class assets Zero High consequence injuries in 20251 Murujuga Supporting UNESCO's world heritage listing of Murujuga Cultural Landscape Achieved 2025 target NWS Project life extension Secured environmental approvals5

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Robust governance and risk management Sustainability Briefing 2026 Board and committees Oversight and governance Engaging with investors Systematic identification of priorities, risks and opportunities Company wide plan and targets Accessing internal and external expertise Sustainability metrics in executive remuneration Transparent disclosures Integrated with strategy and business planning Clear sustainability priorities and targets, delivered through Woodside's Sustainability Plan Active monitoring of emerging focus areas, including Artificial Intelligence Disciplined capital allocation framework, internal carbon price of $80/t CO2-e supports asset decarbonisation 2025 reporting complies with AASB S2

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Liz Westcott Acting CEO Providing energy the world needs

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LNG can displace higher-emissions coal Energy Institute: Statistical Review of World Energy (2025). In 2025, the Energy Institute updated its Total Energy Supply (TES) reporting to align with international standards (IRES), changing how some fuels, particularly non-combustible forms of renewable energy, are measured. International Energy Agency, 2025. Coal 2025 – Analysis and forecast to 2030, p.106. All rights reserved. https://iea.blob.core.windows.net/assets/113a8274-500c-4684-951f-947d25bef3c9/Coal2025.pdf. International Energy Agency, 2019. The Role of Gas in Today's Energy Transition, p.4. All rights reserved. https://iea.blob.core.windows.net/assets/cc35f20f-7a94-44dc-a750-41. S&P Global Study: Pathways to Accelerate Power Emissions Reduction in Asia (ANGEA 2025), https://angeassociation.com/power-emissions-reduction-study/. Coal demand is continuing to grow in the Asia Pacific region, driving global emissions growth1,2 Power generated from natural gas typically emits around half the lifecycle emissions as power generated from coal3,4 Both renewables and natural gas have significant potential to grow to meet increasing energy demand and replace coal use Energy consumption of selected fuels in Asia Pacific from 1990-2024 (EJ)1 Coal Natural gas Renewable electricity, plus biofuels "Global LNG supply today is equivalent to just eight weeks of coal use in China and India alone." IEA World Energy Outlook 2025

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South Australia 0.22kg CO2-e/kWh Eastern Australia (Victoria) 0.78kg CO2-e/kWh Western Australia 0.50kg CO2-e/kWh Case study: natural gas supports power sector emissions reduction Natural gas supports renewables by 'firming' their intermittent nature Renewables and gas can lead to lower emissions performance than coal-dominated power generation mixes Coal-to-gas switching was the largest driver of energy-related emissions reductions in the US power sector in 20231 Emissions intensity of electricity generation2 Net generation = 50,038 GWh5 Net generation = 21,491 GWh5 Net generation = 14,890 GWh5 Higher emissions intensity Lower emissions intensity Brown coal Black coal Natural gas Renewables (wind, solar) Other (biomass, hydroelectricity, battery, liquid fuel) Fuel mix of generation3,4 International Energy Agency (2024): CO2 Emissions in 2023, IEA. Australian Department of Climate Change, Energy, the Environment and Water, 2025. "Australian National Greenhouse Accounts Factors." Electricity generation emissions intensities have been sourced from the emission factors in Table 1, p. 8–9. These factors represent the emissions from the consumption of electricity purchased from a grid: https://www.dcceew.gov.au/climate-change/publications/national-greenhouse-accounts-factors-2025. NEM fuel mix: Fuel mix percentages accessed from AEMO using 12 months to 31 December 2025. https://www.aemo.com.au/energy-systems/electricity/national-electricity-market-nem/data-nem/data-dashboard-nem. SWIS fuel mix: Open Electricity: Western Australia (SWIS). https://explore.openelectricity.org.au/energy/wem/?range=1y&interval=1d&view=discrete-time&group=Detailed. NEM and SWIS: Net GWh taken from Open Electricity for calendar year of 2025. https://explore.openelectricity.org.au/energy/nem/?range=all&interval=1y&view=discrete-time&group=Detailed. Note: percentages may not total 100% due to rounding

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Securing demand for our products through the energy transition 2025 2030 2035 2040+ JAPAN 0.4 Mtpa to JERA over 10 years KOREA 0.5 Mtpa to KOGAS for 10.5 years GERMANY/NETHERLANDS 0.8 Mtpa to UNIPER up to 2039 CHINA 0.6 Mtpa to China Resources for 15 years MALAYSIA 1.0 Mtpa to Petronas for 15 years TÜRKIYE ~0.5 Mtpa to BOTAŞ for 9 years GERMANY/NETHERLANDS (from LALNG) 1.0 Mtpa to UNIPER for 13 years Option for +10 years TAIWAN 0.6 Mtpa to CPC Taiwan over 10 years JAPAN 0.2 Mtpa to JERA over 5 years (winter demand) GERMANY/NETHERLANDS 1.0 Mtpa to UNIPER for 10 years KOREA 0.6 Mtpa to SK Gas for 13 years Recent contracting with end customers Signed in 2025 Since early 2024, customers have committed to more than 75 million tonnes of Woodside's LNG ~75% of Woodside's LNG volumes contracted for 2026-2028, ~30% gas hub exposure for 2026 LNG can support our customers to achieve their energy security and decarbonisation goals Asia Europe Signed in 2026 Signed in 2024

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Video LNG in Japan's Energy Transition

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Investing in ammonia Beaumont New Ammonia started production in 2025, with future CCS expecting to capture up to 95% of the carbon content1,2 Material contribution to our Scope 3 investment and emissions abatement targets3,4,5 Today's markets include chemical and agriculture industries, while power generation, marine fuels and H2 carrier applications are targeted future markets Secured offtake agreements at prevailing market prices in an established traditional ammonia market Lower-carbon ammonia demand linked to evolving regulatory environment and customer requirements See announcement titled "Production Milestone at Beaumont New Ammonia". https://www.woodside.com/docs/default-source/media-releases/2025/production-milestone-at-beaumont-new-ammonia.pdf?sfvrsn=39ca1125_2. Subject to ExxonMobil's CCS facility becoming operational. Scope 3 targets are subject to commercial arrangements, commercial feasibility, regulatory and Joint Venture approvals, and third-party activities (which may or may not proceed). Individual investment decisions are subject to Woodside's investment targets. Not guidance. Potentially includes both organic and inorganic investment. Scope 3 investment target includes pre-RFSU spend on new energy products and lower-carbon services that can help our customers decarbonise by using these products and services. It is not used to fund reductions of Woodside's net equity Scope 1 and 2 GHG emissions which are managed separately through asset decarbonisation plans. Contribution to Scope 3 GHG emissions abatement capacity assumes supply of carbon abated hydrogen and CCS operational. Woodside has made the assumption to estimate the avoided emissions through the displacement of conventional marine fuel. Actual displaced emissions may differ based on actual use case. Beaumont New Ammonia, January 2026

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Liz Westcott Acting CEO Climate and sustainability performance

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Improved safety performance underpinning operational excellence HCI is defined as Fatality and Permanent Impairment Injury (FPI) which aligns with International Association of Oil and Gas Producers (IOGP) definition for FPI. From 2022 to 2024 HCI was defined as an injury where the individual does not return to full health within six months. Under the 2025 definition there was zero HCI in 2024 and two HCI in 2023. HCI was not reported in 2021. High-consequence injuries1 Process safety events Zero high-consequence injuries recorded in 2025 Tier 1 process safety event in May 2025, short term and localised Continued focus on operational discipline and learning culture First psychosocial hazard assessment conducted in 2025 Tier 1 Tier 2 0 2

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Climate: delivered emissions reduction target Achieved 2025 net equity Scope 1 and 2 GHG emissions reduction target of 15% below starting base1,2 Gross equity Scope 1 and 2 GHG emissions were 2.5% fewer than in 2024 despite higher production of oil and gas Use of carbon credits to offset emissions was 5% lower in 2025 than in 20243 Gross equity GHG emissions intensity improved following Sangomar start-up in 2024 MtCO2-e Net equity Scope 1 and 2 GHG emissions KgCO2-e/boe Woodside's gross equity Scope 1 and 2 GHG emissions intensity5 This means net equity Scope 1 and 2 GHG emissions for the 12-month period ending 31 December 2025 are targeted to be 15% lower than the starting base. Net equity Scope 1 and 2 greenhouse gas (GHG) emissions reduction targets and aspiration are relative to a starting base of 6.27 Mt CO2-e which is representative of the gross annual average equity Scope 1 and 2 GHG emissions over 2016-2020 and which may be adjusted (up or down) for potential equity changes in producing or sanctioned assets with a final investment decision prior to 2021. Net equity emissions include the utilisation of carbon credits as offsets, inclusive of those required to meet regulatory obligations. In relation to our 2025 equity Scope 1 and 2 GHG emissions, 1,283 kt CO2-e carbon credits were retired in order to meet our target of 5,334 kt CO2-e net equity Scope 1 and 2 GHG emissions. This includes retirement of carbon credits subsequent to the period, after full year 2025 gross equity Scope 1 and 2 GHG emissions were calculated and externally assured. This means net equity Scope 1 and 2 GHG emissions for the 12-month period ending 31 December 2030 are targeted to be 30% lower than the starting base. Woodside analysis, based on Woodside Scope 1 and 2 greenhouse gas emissions data for 2023, 2024 and 2025 relative to a comparable portfolio of upstream oil, upstream natural gas and LNG liquefaction assets, based on the average GHG emissions intensity of these project categories reported in Table 3.1 of IEA's "The Oil and Gas Industry in Net Zero Transitions" (November 2023). Range of industry comparator is due to changes in Woodside production mix of oil, upstream natural gas and LNG over the period. Benchmark comparator range 2023-2025 1 2,4 2025 target achieved1,2,3 15% reduction Starting base2

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Video Methane Management

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Co-existence and respect for cultural heritage Supported Murujuga Cultural Landscape inscription in the World Heritage Listing Consulted with more than 45 Australian Indigenous stakeholder groups as well as individuals to support environment plans Indigenous Advisory Group Roundtable discussions to gain insights through Indigenous perspectives Grants awarded through the Indigenous Capacity Fund to support Indigenous enterprise capacity building and participation in carbon industry Global Indigenous Peoples Strategy approved for implementation in 2026

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Strong environmental processes and performance Secured critical environmental approvals for business operations (North West Shelf Project Extension, Trion)1 Established an Australian-based biodiversity project in Western Australia, focused on delivering positive biodiversity outcomes2 Strengthened our approach to water stewardship by assessing catchment area risks across onshore assets Zero hydrocarbon or hazardous non-hydrocarbon spills that resulted in a "Moderate" environmental impact3 Delivered strategic investment in scientific research with agencies such as the Australian Institute of Marine Science With regards to the North West Shelf Project Extension: State Government approval received in 2024. Federal Government approval received in 2025. Approvals subject to conditions. Three separate legal proceedings have commenced in the Federal Court of Australia challenging the Federal Government's environmental approval, and one in the Western Australian Supreme Court challenging the State Government's environmental approval. Please see the definition of "positive biodiversity outcomes" in the Glossary. This metric is determined utilising Woodside's risk matrix. For Woodside's definition of "Moderate" please see the Glossary. Aerial view of our Towri property with rainbow on the horizon Credit: Nick Thake, Nick Thake Photo Video.

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Delivering social and economic benefits Includes data relevant to the assets acquired through the merger with BHP's petroleum business from 1 June 2022. Denotes cash tax paid to 31 December 2025. Louisiana State University Center for Energy Studies Report, 14 March 2025. Includes direct, indirect and induced jobs. Almost A$25 billion Paid in Australian taxes, royalties and levies since 20111 ~40,000 US jobs supported during the construction of Louisiana LNG2 >A$246 million Social investment over the last ten years where employees live and work around the world 2025 key statistics >$9.3 billion goods and services spend in 2025 Material topic: Social and economic impact Climate Indigenous Environment

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Video Social and Economic Impact

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Delivering energy responsibly 1 Woodside supplies products the world needs; and we produce them responsibly 2 Sustainability is integrated into how Woodside manages its business, underpinned by strong governance 3 Woodside's track record of delivery means our stakeholders can rely on us; and we are committed to creating value for our shareholders over time

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Video AI and Cybersecurity

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Panel Q&A Liz Westcott \| Acting Chief Executive Officer Tony Cudmore \| EVP Sustainability, Policy and External Affairs Peter Metcalfe \| VP Climate, Sustainability and Energy Policy Sharon Reynolds \| Global Head of Indigenous Affairs and Human Rights Moderator: Vanessa Martin \| VP Investor Relations

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Annexure

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Sustainability materials Further information on our approach can be found at woodside.com/sustainability including: 2025 Annual Report 2025 Climate & Sustainability Summary

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Glossary $, $m, $B US dollar unless otherwise stated, millions of dollars, billions of dollars AASB S2 Australian Accounting Standards Board S2 Climate related Disclosures sets out disclosure requirements for an entity to provide useful information to primary users of its general purpose financial report about climate-related risks and opportunities that could reasonably be expected to affect the entity's cash flows, access to finance or cost of capital over the short, medium or long term Abate / abatement Avoidance, reduction or removal of an amount of carbon dioxide or equivalent Aim Woodside uses this term to describe a result that plans or actions are intended to achieve Artificial Intelligence The ability of a computer or other device or application to function as if processing human intelligence1 Aspiration Woodside uses this term to describe an aspiration to seek the achievement of an outcome but where achievement of the outcome is subject to material uncertainties and contingencies such that Woodside considers there is not yet a suitable defined plan or pathway to achieve that outcome A$, AUD Australian dollars Bbl Barrels Biodiversity Biological diversity means the variability among living organisms from all sources including, inter alia, terrestrial, marine and other aquatic ecosystems and the ecological complexes of which they are a part; this includes diversity within species, between species and of ecosystems2 Board The Board of Directors of Woodside Energy Group Ltd boe, kboe, MMboe, Bboe Barrel of oil equivalent, thousand barrels of oil equivalent, million barrels of oil equivalent, billion barrels of oil equivalent Carbon credit A tradable financial instrument that is issued by a carbon-crediting program. A carbon credit represents a greenhouse gas emission reduction to, or removal from, the atmosphere equivalent to 1 tCO2-e, calculated as the difference in emissions from a baseline scenario to a project scenario. Carbon credits are uniquely serialised, issued, tracked and retired or administratively cancelled by means of an electronic registry operated by an administrative body, such as a carbon-crediting program CCS Carbon capture and storage CCUS Carbon capture utilisation and storage CO2 Carbon dioxide CO2-e CO₂ equivalent. The universal unit of measurement to indicate the global warming potential of each of the seven greenhouse gases, expressed in terms of the global warming potential of one unit of carbon dioxide. It is used to evaluate releasing (or avoiding releasing) any greenhouse gas against a common basis3 cps Cents per share Cultural heritage Tangible and intangible aspects of Indigenous culture, including sites, stories, objects, knowledge and traditions that hold ongoing significance Decarbonisation Woodside uses this term to describe activities or pathways that have the effect of moving towards a state that is lower-carbon, as defined in this glossary Macquarie Concise Dictionary, Australia's National Dictionary, Fifth edition, 2010. UNEP, 1992. "Convention on Biological Diversity". https://www.cbd.int/doc/legal/cbd-en.pdf. See IFRS Foundation 2021: Climate Related Disclosures Prototype. Appendix A. World Resources Institute and World Business Council for Sustainable Development, 2004. "GHG Protocol: a corporate accounting and reporting standard" https://www.wbcsd.org/Programs/Climate-and Energy/Climate/Resources/A-corporate-reporting-and-accounting-standard-revised-edition. IOGP Fatality and Permanent Impairment injury definitions \| IOGP EJ Exajoule Emissions Emissions refers to emissions of greenhouse gases unless otherwise stated Equity greenhouse gas emissions Woodside sets its Scope 1 and 2 greenhouse gas emissions reduction targets on an equity basis. This ensures that the scope of its emissions reduction targets is aligned with its economic interest in its investments. Equity emissions reflect the greenhouse gas emissions from operations according to Woodside's share of equity in the operation. Its equity share of an operation reflects its economic interest in the operation, which is the extent of rights it has to the risks and rewards flowing from the operation4 Executive A senior employee whom the Board has determined to be eligible to participate in the EIS Flaring The controlled burning of gas found in oil and gas reservoirs GHG or greenhouse gas The seven greenhouse gases listed in the Kyoto Protocol are: carbon dioxide (CO2); methane (CH4); nitrous oxide (N2O); hydrofluorocarbons (HFCs); nitrogen trifluoride (NF3); perfluorocarbons (PFCs); and sulphur hexafluoride (SF6)3 Goal Woodside uses this term to broadly encompass its targets and aspirations H2 Hydrogen High Consequence Injury or HCI A high-consequence injury is a work-related injury that results in a fatality or permanent impairment injury5 Woodside's definition for HCI has changed in 2025 to align with the IOGP Fatality and Permanent Impairment definition. This definition was adopted to focus attention on the highest risks to people. In the previous reporting period, the HCI definition included long-term disabling injuries (i.e where the person will make a full recovery, but recovery exceeds 180 days) in HCI statistics which focused disproportionate effort towards injury management, access to treatment and privacy issues HSE Health, safety and environment IFRS International Financial Reporting Standards Foundation. For more information see www.ifrs.org. Indigenous Peoples There is diversity within the Indigenous communities in the areas where we are active. When communicating with a wide audience, Woodside uses the term "Indigenous Peoples" to refer to Traditional Owners and Custodians. At a local level, Woodside will be guided by the community about the appropriate terms of reference. Following internal and external stakeholder feedback, Woodside has updated our reference from First Nations to Indigenous because First Nations is not a globally accepted or widely used term beyond Australia. Indigenous Peoples aligns with the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP) language and is the recognised collective term in international law IRR or Internal rate of return Internal rate of return Keystone species A keystone species is a species that has a disproportionately large effect on its natural environment relative to its abundance Kg CO2-e Kilograms of CO2 equivalent KGP Karratha Gas Plant

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Glossary Australian Clean Energy Regulator, 2023. "Corporate Emissions Reduction Transparency report 2023" https://cer.gov.au/markets/reports-and-data/corporate-emissions-reduction-transparency-report/corporate emissions-reduction-transparency-report-2023/cert-report-2023-glossary See the IOGP Fatality and Permanent Impairment injury definitions. https://www.iogp.org/workstreams/safety/safety/iogp-fatality-and-permanent-impairment/iogp-fatality… impairment-injury-definitions/. Safe Work Australia. https://www.safeworkaustralia.gov.au/safety-topic/managing-health-and-safety/mental-health/psychosocial-hazards. World Energy Outlook, 2024. https://iea.blob.core.windows.net/assets/140a0470-5b90-4922-a0e9-838b3ac6918c/WorldEnergyOutlook2024.pdf. World Resources Institute and World Business Council for Sustainable Development, 2004. "GHG Protocol: A Corporate Accounting and Reporting Standard" https://www.wbcsd.org/Programs/ Climate-and-Energy/Climate/Resources/A-corporate-reporting-and-accounting-standard-revised-edition. New energy Woodside uses this term to describe energy technologies, such as hydrogen or ammonia, that are emerging in scale but which are expected to grow during the energy transition due to having lower greenhouse gas emissions at the point of use than conventional fossil fuels Offsets The compensation for an entity's greenhouse gas emissions within its scope by achieving an equivalent amount of emission reductions or removals outside the boundary or value chain of that entity Permanent Impairment Injury A permanent impairment is defined as the outcome of a work-related2 injury from which the worker cannot or is not expected to return to their previous (pre-incident) whole person function as a result of an acute, single incident, resulting in any of the following: • permanent loss of body parts • permanent reduction of organ's physiological function • permanent reduction in skin and musculoskeletal function Positive biodiversity outcomes Measurable biodiversity outcomes to support at least one of the following, 1) threatened or keystone species; or 2) restoration or regeneration of natural habitat; or 3) removal of threatening processes or enhancement of ecological function Pyschosocial hazard A psychosocial hazard is defined as anything in the working environment that could cause a worker to have a negative psychological response, potentially leading to psychological or physical harm3 Process safety event (Tier 1 and Tier 2) An unplanned or uncontrolled loss of primary containment (LOPC) of any material including non-toxic and nonflammable materials from a process, or an undesired event or condition. Process safety events are classified as Tier 1 – LOPC of greatest consequence or Tier 2 – LOPC of lesser consequence. As defined by American Petroleum Institute (API) recommended practice 754 Renewables Include modern bioenergy, geothermal, hydropower, solar photovoltaics, concentrating solar power, wind, marine (tide and wave) energy, and renewable waste4 Retired, retirement When used in the context of carbon credits, the transfer of a carbon credit to a registry account that permanently removes the carbon credit from circulation. The term retirement applies to the use of the carbon credit by an entity to meet voluntary commitments or compliance obligations RFSU Ready for start-up Scope 1 greenhouse gas emissions Direct GHG emissions. These occur from sources that are owned or controlled by the company, for example, emissions from combustion in owned or controlled boilers, furnaces, vehicles, etc., emissions from chemical production in owned or controlled process equipment. Woodside measures and discloses greenhouse gas emissions, energy values and global warming potentials in accordance with the relevant reporting regulations in the jurisdiction where the emissions occur. This includes use of the NGER Measurement Determination in Australia and the EPA Greenhouse Gas Reporting Program (GHGRP) in the US. NGER Measurement Determination emissions factors and methodologies have been used to measure emissions for operations in jurisdictions where regulations do not yet exist5 LiDAR Light Detection and Ranging Liquidity Total cash and cash equivalents and available undrawn debt facilities less restricted cash LNG Liquefied natural gas Lower-carbon Woodside uses this term to describe the characteristic of having lower levels of associated potential GHG emissions when compared to historical and/or current conventions or analogues, for example relating to an otherwise similar resource, process, production facility, product or service, or activity. When applied to Woodside's strategy, please see the definition of lower-carbon portfolio Lower-carbon ammonia Lower-carbon ammonia is characterised here by the use of hydrogen with emissions abated by carbon capture and storage (CCS), with an expected ammonia lifecycle (Scope 1, 2 and 3) carbon emissions intensity of 0.8 tCO2/tNH3 (based on contracted intensity threshold with Linde) relative to unabated ammonia with a lifecycle (Scope 1, 2 and 3) carbon emissions intensity of 2.3 tCO2/tNH3 (Hydrogen Europe, 2023) Lower-carbon portfolio For Woodside, a lower-carbon portfolio is one from which the net equity Scope 1 and 2 greenhouse gas emissions, which includes the use of offsets, are being reduced towards targets, and into which new energy products and lower-carbon services are planned to be introduced as a complement to existing and new investments in oil and gas. Our Climate Policy sets out the principles that we believe will assist us achieve this aim Lower-carbon services Woodside uses this term to describe technologies, such as CCUS or offsets that could be used by customers to reduce their net greenhouse gas emissions MMbbl Million barrels Moderate When used to define impact to the environment, Moderate impact is an impact on environmental features or areas of heightened sensitivity with a limited ability to recover MMBtu Million British thermal units Mt CO2-e Million tonne of CO2 equivalent Mtpa, mmtpa Million tonnes per annum Net equity greenhouse gas emissions Woodside's equity share of net greenhouse gas emissions which includes the utilisation of carbon credits as offsets Net greenhouse gas emissions Woodside has set its Scope 1 and 2 greenhouse gas emissions reduction targets on a net basis, allowing for both direct emissions reductions from its operations and emissions reduction achieved from the utilisation of carbon credits as offsets (including credits relating to avoidance, reduction and/or removal activities). Net greenhouse gas emissions are equal to an entity's gross greenhouse gas emissions reduced by the number of retired carbon credits1

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Glossary Scope 2 greenhouse gas emissions Electricity indirect GHG emissions. Scope 2 accounts for GHG emissions from the generation of purchased electricity consumed by the company. Purchased electricity is defined as electricity that is purchased or otherwise brought into the organisational boundary of the company. Scope 2 emissions physically occur at the facility where electricity is generated. Woodside measures and discloses greenhouse gas emissions, energy values and global warming potentials in accordance with the relevant reporting regulations in the jurisdiction where the emissions occur. This includes use of the NGER Measurement Determination in Australia and the EPA Greenhouse Gas Reporting Program (GHGRP) in the US. NGER Measurement Determination emissions factors and methodologies have been used to measure emissions for operations in jurisdictions where regulations do not yet exist1 Scope 3 greenhouse gas emissions Other indirect GHG emissions. Scope 3 is a reporting category that allows for the treatment of all other indirect emissions. Scope 3 emissions are a consequence of the activities of the company but occur from sources not owned or controlled by the company. Some examples of Scope 3 activities are extraction and production of purchased materials; transportation of purchased fuels; and use of sold products and services. Please refer to the Climate data table on our website for further information on the Scope 3 emissions categories reported by Woodside1 Starting base The starting base has been adjusted for the merger between Woodside and BHP Group's Petroleum business (completed on 1 June 2022) which increased the starting base from 3.59 Mt CO₂-e to 6.32 Mt CO₂-e and for the divestment of the Greater Angostura assets (completed on 11 July 2025) which subsequently reduced it from 6.32 Mt CO₂-e to 6.27 Mt CO₂-e Sustainability (including sustainable and sustainably) References to sustainability (including sustainable and sustainably) are used with reference to Woodside's Sustainability Committee and sustainability related Board policies, as well as in the context of Woodside's aim to ensure its business is sustainable from a long-term perspective, considering a range of factors including economic (including being able to sustain our business in the long term by being low cost and profitable), environmental (including considering our environmental impact and striving for a lower-carbon portfolio), social (including supporting our license to operate), and regulatory (including ongoing compliance with relevant legal obligations). Use of the terms 'sustainability', 'sustainable' and 'sustainably' is not intended to imply that Woodside will have no adverse impact on the economy, environment, or society, or that Woodside will achieve any particular economic, environmental, or social outcomes Sustainability Plan Woodside uses this term to describe a document that sets objectives and focus areas to track performance across our material sustainability topics Target Woodside uses this term to describe an intention to seek the achievement of an outcome, where Woodside considers that it has developed a suitably defined plan or pathway to achieve that outcome Tier 1 process safety event A typical Tier 1 process safety event is loss of containment of hydrocarbons greater than 500 kg (in any one-hour period) Tier 2 process safety event A typical Tier 2 process safety event is loss of containment of hydrocarbons greater than 50 kg but less than 500 kg (in any one-hour period) Traditional Owners and Custodians Members of the local Indigenous group with traditional rights and responsibilities in relation to the land and water in which we are active US, USA United States of America USD United States dollar Woodside Woodside Energy Group Ltd ACN 004 898 962 or its applicable subsidiaries 1. World Resources Institute and World Business Council for Sustainable Development, 2004. "GHG Protocol: A Corporate Accounting and Reporting Standard" https://www.wbcsd.org/Programs/ Climate-and-Energy/Climate/Resources/A-corporate-reporting-and-accounting-standard-revised-edition.

## Exhibit 99.2

**Exhibit 99.2** 

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| | |
|:---|:---|
| **Announcement** | ![LOGO](g104276dsp001.jpg) |
| Monday, 16 March 2026 | **Woodside Energy Group Ltd.** |
|  | ACN 004 898 962 |
|  | Mia Yellagonga |
|  | 11 Mount Street |
|  | Perth WA 6000 |
|  | Australia |
|  | **T** +61 8 9348 4000 |
|  | **www.woodside.com**<br>|
|  | ASX: WDS |
|  | NYSE: WDS |

---

**SUSTAINABILITY BRIEFING 2026 TRANSCRIPT** 

**Date:** 16 March 2026

**Time:** 08:00 AWST/11:00 AEDT (19:00 CDT on Sunday, 15 March 2026)

**Start of Transcript** 

**Vanessa Martin:** Good morning everyone. Thank you for joining us this morning for a briefing on Woodside's sustainability planning and performance. Before we kick off, can I please ask that everybody turn off their mobile phones. Also, there are no drills planned for the hotel this morning. If there is an emergency, hotel staff will join us and ask that you please follow their instructions.

So, welcome to those in the room. I'd also like to welcome those who are joining us on the webcast.

This morning we're meeting on the land of the Gadigal people of the Eora Nation. Woodside acknowledges their continued connection to these lands and waters, and we pay our respect to Elders past and present.

Please take the time to read the disclaimers and other important information.

Today's presentation should also be read in conjunction with our full-year 2025 results and disclosures, which also include an explanation of the assumptions, uncertainties, and context relevant to the information presented today.

And a reminder that all dollars in today's presentation are in US dollars, unless otherwise indicated.

This morning you will hear from our Acting Chief Executive Officer Liz Westcott, who will outline Woodside's sustainability strategy, governance, and our responsible supply of energy to meet growing global demand, and our performance across climate and other key sustainability areas.

Following the presentation, we will have a question-and-answer session with Liz and several members of Woodside's leadership team who are here today.

So now we'd like to start with some opening remarks from Woodside Board member and Chair of our Sustainability Committee, Ann Pickard.

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**Ann Pickard (pre-recorded video):** Hello and thank you for joining today's briefing on Woodside's sustainability, planning and performance. This event continues our close engagement with investors as we chart a course for Woodside to deliver enduring shareholder value through the energy transition.

Having chaired this Board Sustainability Committee for a number of years, I can assure you that a strong focus on sustainability is an integral part of Woodside's strategy. In this rapidly changing world Woodside's approach to sustainability provides a strong foundation for success and supports decision making aimed at responsible and profitable growth.

It underpins the strong performance of our business, safe execution of cash generative growth projects and our ability to create future opportunities for shareholder value. That is why the Sustainability Committee I lead provides continuous strategic oversight and governance of Woodside's sustainability performance.

We seek to ensure Woodside focuses on the right sustainability topics, appropriately manages key risk and impacts and set plans and targets that add value to our business.

For our 2025 reporting, this includes specific climate-related disclosures to meet new Australian mandatory requirements. As the global energy transition continues, public debate and policy settings are evolving to reflect its complexity.

In particular, there is growing recognition that making progress on global climate goals must come with, and not at the expense of, access to secure and affordable energy.

For Woodside, this reinforces our strategy to invest in existing energy products, which we aim to produce responsibly and profitably to meet growing global demand.

We are building this diverse and resilient portfolio alongside a climate strategy that balances ambition with discipline and achievability.

Thank you again for joining us and I'll hand over to Liz.

**Liz Westcott:** Good morning everyone and thank you for joining us, whether you're here in person or online. Today's briefing continues our dialogue with investors on Woodside's performance, and our strategy "to thrive through the energy transition". This follows our 2025 full-year results released last month, and our online shareholder Q&A event held last week.

As we've conducted these engagements over recent weeks, we've seen significant events unfold in the Middle East, with wide-ranging impacts on global energy markets.

Our thoughts are very much with those impacted, and it's yet another reminder that we are operating in a volatile and uncertain environment.

Today more than ever, shareholders and stakeholders rely on companies like Woodside to do their jobs responsibly, and to do what they say they will do. We take these obligations seriously, and I want to share our perspective on these issues today.

I will begin with an overview of Woodside's strategic approach to sustainability, including our focus on robust governance and risk management across this constantly evolving area.

As we position Woodside to respond to increasing global demand for energy, a commitment to conducting our business sustainably is at the core of our approach.

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For more than 40 years we have shown that by responsibly producing energy that supports economic growth and improves living standards, Woodside can generate long-term shareholder value and make positive contributions to the communities in which we operate.

Our approach to sustainability is driven from within, as an expression of our values and an enabler of superior business performance.

Put simply, sustainable business is good business.

That's why sustainability is integrated into key aspects of Woodside's business planning, and guides decision making at all levels of the company.

While certain priorities may change from time to time, our track record of delivery does not.

Because strong sustainability performance is not only the right thing to do. It also drives long-term value by helping to de-risk our business, secure future opportunities and support a compelling value proposition for investors.

As outlined at our recent Capital Markets Day, sustainability underpins Woodside's overall business strategy.

We regard our sustainability performance, developed over decades of safe and reliable operations and trusted stakeholder relationships, as an important priority.

As we expand our portfolio and position Woodside to become a global LNG powerhouse, a focus on sustainability is key to the delivery of long-term shareholder value.

The volatile situation in the Middle East has shown that global energy markets can be swiftly and significantly impacted by geopolitical events.

At the same time, recent policy and market developments suggest the pace and scale of the global energy transition is becoming less, not more, certain.

In this complex environment, it is more important than ever that investors can rely on us to deliver.

There are a wide range of areas which form part of Woodside's approach to sustainability. We undertake a materiality assessment process to determine which sustainability related topics are most relevant to our business performance, activities and stakeholders. The highest priority topics are determined to be material and it's pleasing to report that in 2025, we made strong progress across our four material topics, achieving a number of key targets.

Woodside's ability to consistently deliver on our goals enables us to create and protect value.

Maintaining safe and reliable operations, improving our greenhouse gas emissions performance, co-existing with cultural heritage, securing regulatory approvals for our projects, all help us to maintain uninterrupted production and return value to our shareholders over the cycle.

In 2026, our plan will add a fifth material topic of Social and Economic Impact.

As Ann mentioned in her video message, Woodside's Board provides close strategic oversight and governance over our sustainability planning and performance.

The Sustainability Committee sets the tone by asking the difficult questions and constructively challenging senior management to ensure our focus is on the right areas.

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This helps us set the right sustainability plans and targets, measure our performance, and adjust our priorities as required.

It also drives a strong process of risk identification and management, to preserve value and protect the company from downside exposure.

Importantly, our sustainability governance framework is fully integrated with our capital allocation framework and key financial assumptions, including carbon price, to drive disciplined investment decisions.

The Board also sets remuneration policies that give everyone at the company a stake in strong sustainability performance. Safety and climate targets comprise 30% of our executive incentive scheme, and 40% of employee performance-based pay.

Transparently reporting our performance and progress is also a key part of our governance. Woodside's sustainability disclosures continue to evolve in response to emerging regulatory requirements and industry best practice, with our 2025 Sustainability Report complying with Australia's new mandatory climate-related disclosure requirements.

Reliable and affordable energy is fundamental to economic and social progress.

Yet the World Health Organization's 2025 Energy Progress Report found more than 670 million people still lack basic access to electricity.

At the same time, the rapid expansion of artificial intelligence is rewriting expectations of future energy demand in advanced economies.

So while the pace and scale of the global energy transition remain uncertain, we can be certain that the world will need a lot more energy in the future.

The defining feature of the current global energy landscape is the addition of new energy sources to meet growing demand and manage energy security through a diversified energy mix.

At a global level, growing demand for renewables is occurring alongside of, not in place of, increased consumption of hydrocarbons.

Current events show the importance that nations place on the affordability and reliability in the context of global decarbonisation goals.

While events in the Middle East have impacted LNG supply flows from the region at this time, the role that LNG can play in meeting complex national energy policy goals is clear.

LNG can play an important part in the long-term energy mix given its ability to underpin renewables and displace higher emissions coal.

This is particularly the case in Asia-Pacific region, as shown on this slide. Demand for coal has continued to grow strongly in the Asia-Pacific region, and overshadows demand for both natural gas and renewables.

This underpins the strong fundamentals for LNG growth, particularly in Woodside's priority markets. Global LNG demand has risen by [Clarification: approximately] 65% since 2015, and is projected to grow a further 60% by 2035, led by the rebalancing of European energy systems and strong demand growth in emerging Asia.

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The combination of renewables and gas provides an immediately available solution for highly reliable and flexible power generation that also supports near-term emissions reduction.

Australia's National Energy Market provides a compelling case study, with a clear correlation between increased gas use and greater renewables uptake with lower emissions intensity of power grids.

In the words of Australia's Energy Market Operator, flexible gas-powered generation will remain the ultimate backstop in a high-renewable power system.

In contrast, curtailing new gas supply risks significant unintended consequences, by prolonging the need for higher emissions coal as a substitute.

Natural gas produced and sold by Woodside into the Eastern and Western Australian markets is consumed domestically, supporting energy security as Australia pursues its decarbonisation goals.

Woodside's confidence in sustained LNG demand through the energy transition is reinforced by our recent contracting experience.

Over the past two years, Woodside has signed long-term sales agreements for supply of more than 75 million tonnes of LNG.

Our customer base continues to diversify, including our first long-term supply agreements with customers in Malaysia and Türkiye.

Approximately 75% of our LNG volumes for 2026 to 2028 are contracted, with most oil linked and approximately 30% of gas hub exposure. This mixture provides diversification, portfolio resilience and the ability to capture value from market dislocations as well as manage risks as additional supply comes online.

Our recent sales agreements include new supply to Japan, Woodside's largest customer market in which, as this video outlines, LNG plays a key role in energy transition planning.

**[Video playing]** 

**Liz Westcott:** In addition to sustained customer demand for LNG, we expect emerging demand for new energy projects and lower-carbon services where Woodside has expertise.

Woodside's Beaumont New Ammonia project reflects a strategic investment in these areas and contributes to our Scope 3 investment and emissions abatement targets.

While the market for lower-carbon ammonia is developing slower than initially expected, demand is projected to come from power generation, marine fuels and hydrogen carrier applications.

Our immediate focus for Beaumont New Ammonia is achieving full handover of the project from OCI Global to Woodside. Production from the facility commenced in December. Production of lower-carbon ammonia is now likely to occur after 2026 due to construction issues at the third-party feedstock supply facility. We will continue to monitor this.

However, we have seen strong early customer uptake in conventional ammonia, securing offtake agreements at prevailing market prices with leading global customers.

Keeping our people safe is Woodside's top priority, and a key company achievement in 2025 was improvement of our overall safety performance.

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We recorded no high-consequence injuries during a busy year of activity in 2025.

A significant safety milestone during the year was construction of our Scarborough floating production unit, which marked three years of work without a single lost-time incident.

We experienced one Tier 1 process safety event, involving an unexpected fluid release during a decommissioning activity offshore Western Australia. This was managed through regulatory-approved response plans, with impacts being short-term and localised.

Of course, we continue to strive for further improvement. Our people experienced 38 recordable injuries during 2025, the main types being lacerations, fractures and soft tissue injuries.

Beyond physical safety, we strive for a workplace in which discrimination, bullying and harassment are not tolerated. In 2025 we conducted Woodside's first psychosocial hazard assessment to inform our approach to mental health and wellbeing.

Now turning to our climate performance on slide 19.

As we engage closely with investors, we continue to receive a diverse range of views regarding Woodside's ambitions and actions on climate change and our climate strategy.

We consider this feedback carefully as we implement an approach that balances ambition with discipline and achievability, supporting long-term resilience and shareholder value.

Our focus is on delivery, setting targets where we have identified a pathway to meet them.

In 2025, we achieved our target for Woodside to reduce net equity Scope 1 and 2 greenhouse gas emissions to 15% below the starting base.

Importantly, our gross equity Scope 1 and 2 greenhouse gas emissions, that is actual emissions at source without offsets, were reduced in 2025 from the prior year, despite higher oil and gas production.

Our gross equity Scope 1 and 2 greenhouse gas emissions intensity, which is already below industry benchmarks, also improved year-on-year following start-up of Sangomar in 2024.

This strong underlying performance allowed us to reduce our use of carbon credits to offset emissions by five percent from the previous year and holds us in good stead as we progress towards our 2030 target.

An area of strong focus for Woodside is management of our methane emissions. The following video provides an overview of Woodside's industry leadership in this area.

**[Video playing]** 

**Liz Westcott:** As a company with 40 years of operations on the culturally and spiritually significant Burrup Peninsula, or Murujuga, Woodside has demonstrated that Indigenous Peoples, cultural heritage and industry can successfully co-exist.

A highlight of 2025 for Woodside was the inscription of the Murujuga Cultural Landscape on UNESCO's World Heritage List, an Indigenous-led process that Woodside was pleased to support in collaboration with Traditional Owners and Custodians.

We continue to consult meaningfully with Indigenous stakeholders in support of our operations and project approvals, with Traditional Custodians helping us to understand, manage and protect cultural values.

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This not only builds mutual trust and awareness, it also reduces the risk of disruption to Woodside's business activities, including through regulatory intervention.

In support of our growing portfolio, in 2026 we will implement Woodside's inaugural Global Indigenous Peoples Strategy. This strategy provides a set of global principles that can be adapted to local contexts and requirements.

Alongside a continued focus on cultural heritage, the strategy also prioritises the principles of thriving and resilient communities, economic participation, and self-determination.

Turning now to environment and biodiversity on slide 22.

Woodside's approach in this area continues to be based on credible science, strong relationships and responsible operations.

This helps us systematically manage risks and environmental impacts, continuously improve our performance, and support regulatory approvals for our activities.

In 2025, we had no spills resulting in a moderate or greater environmental impact. However, we did experience two releases of hydrocarbons and one release of plastic clamps to the marine environment, which were managed in accordance with regulatory requirements. Like our safety performance, we are striving for continuous improvement in this area.

Our biodiversity programs focused upon the recovery of species, habitats and ecological processes. This included the commencement of our Watheroo Biodiversity Project, which aims to restore landscapes in Western Australia's northern wheatbelt.

Woodside has added Social and Economic Impact as a material topic for our 2026 Sustainability Plan, recognising the many ways our activities can create a positive contribution in the communities where we operate.

We have a proven track record of major social and economic contributions, including almost $25 billion Australian dollars in taxes, royalties and levies to Federal and State Governments over the past 15 years.

On the latest available Australian Tax Office figures, Woodside is the country's eighth largest taxpayer, and largest payer of petroleum resource rent tax.

This contribution is matched by a long history of investments in local capability, programs and infrastructure in the Western Australian communities where we live and work.

Earlier this month I was pleased to attend the opening of new facilities at the Roebourne District High School in the Pilbara, to which Woodside has committed $20 million Australian dollars.

As we take forward our growth projects, we are applying this same approach aimed at making a lasting positive contribution. The following video provides an overview of recent contributions related to our Sangomar, Trion and Louisiana LNG projects.

**[Video playing]** 

**Liz Westcott:** We've covered a lot of information today. Every single Woodsider, where ever we work around the world, is part of our Sustainability performance, and you have seen some of this in the videos today.

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To return to my opening point, Woodside regards sustainability as a key driver of overall business performance, and fundamental to our strategy to "thrive through the energy transition".

We are working hard to deliver our sustainability goals and will continue to do so, because this underpins our ability to deliver long-term value in a dynamic global environment and uncertain energy transition.

Our performance is supported by strong governance and accountability at the Board and senior management levels of Woodside.

By providing energy the world needs, and doing so responsibly and sustainably, we are well placed to build a resilient, profitable business that delivers long-term value for our shareholders.

We will now move into our panel Q&A session. Whilst we are setting the stage up, we will show a short video on artificial intelligence and cybersecurity which we know is of interest to many, so please enjoy.

**[Video playing]** 

**Vanessa Martin:** Thank you. Hi again, I'm Vanessa Martin, the Vice President for Investor Relations for Woodside, and joining Liz today on the panel we have Tony Cudmore, the Executive Vice President for Sustainability, Policy and External Affairs, Sharon Reynolds, our Global Head of Indigenous Affairs and Human Rights, and Peter Metcalfe, who you saw on the video, our Vice President of Climate, Sustainability and Energy Policy.

So we've got two roving mics in the room, and so we'll have those if you've got a question, please raise your hand. Could I ask for the benefit of those online that you introduce yourselves at the start of the question.

We ask if you've got lots of questions, if you could keep it just to two to start with so that everybody has the chance.

So but while we just sort of wait for everyone to form their questions, having listened to the material, last week as Liz mentioned, we had our shareholder Q&A event and we did have a couple of questions left over from that, that we were unable to get to. So we thought we'd kick off with one of those and then open it up to the room.

So, the question we had from one of our shareholders last week was, in light of the evolving US policy and geopolitical landscape, how is Woodside adapting and evolving its approach to climate?

**Tony Cudmore:** Want me to take that Vanessa?

**Vanessa Martin:** Please do.

**Tony Cudmore:** Well, thank you very much. Look, I think that's a great question and perhaps in light of recent events, it's acutely evident that geopolitical and external events have a bearing on the oil and gas industry, the energy industry, public policy, climate policy and so forth. Look, I'd say a couple of things. The first is, you know, Woodside fundamentally is customer led and capital disciplined.

And in that regard, we have to look through the long-term. We have to look at what the long-term outlook is for demand for our products, the way policy will evolve over that long-term, and the way our customers will use our products. If I think then about the way we operate, and we saw in the video today, the video is actually a representation of Woodside's footprint around the world.

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So certainly here in Australia, Woodside's place of origin as it were, but also in Mexico and Senegal, in the United States, in Asia and wherever we operate, obviously we have to take into account the local political context and policy context while seeing through that long-term and staying on strategy.

So when it comes then to climate policy, our climate policy remains unchanged. So our public targets, our scope 1 and 2 [Clarification: net equity scope 1 and 2 greenhouse gas emissions reduction] targets for 2025 and 2030 are unchanged as are our scope 3 targets [Clarification: investment and emissions abatement targets] and our approach to new energy products and services continue.

So, we do look through to that long-term. We obviously respect the social and political context wherever we operate, but ultimately this is a business that's looking forward in decades, and that's the perspective we adopt.

**Vanessa Martin:** Thanks, Tony. Do we have any questions in the room? Rob?

**Rob Koh (Morgan Stanley):** G'day. Yeah, Rob Koh here from Morgan Stanley. So good to see you adding the fifth pillar to your sustainability plans with social and economic impact. I guess part of that to me sounds like energy security, which is obviously, has always been important, but it's kind of more in focus now. Could I maybe ask you to touch on your contribution to energy security in some of the offshore markets where we're a little less familiar, so like Senegal, Mexico and Louisiana, please?

**Liz Westcott:** Yeah. So Rob, the role that we see for LNG to underwrite if you like or support countries with their energy security and their climate ambitions and affordable energy is very strong.

When we look at the world global energy needs, we can see they're increasing. We had a bit of that in the presentation. You've got global supply energy demand increasing with population growth, with GDP increasing, and then in the established areas of data centres increasing energy more generally.

And the role of LNG in supporting all of this global energy demand is pivotal. It provides so many different roles to society, and energy security is one. Perhaps highlighted in the last couple of weeks around just the importance LNG has on energy security for our neighbours.

The Japanese in particular have been, you know, really at pains to say, can Australia support them? We do already through our contracts. So the role of LNG in supporting Asia countries, other countries with energy security is very strong.

**Rob Koh (Morgan Stanley):** OK. Thank you. And then my second question, moving from the big global picture to maybe a little bit smaller, in previous presentations you've had an expenditure aspiration of around 5 billion by 2030 and I think investment to date's more than half of that. Can I maybe just get an update on how you're thinking about the mix of opportunities you're looking at within that aspiration to invest?

**Liz Westcott:** I'll go. Look, the scope 3 commitment [Clarification: targets] we have is $5 billion and 5 million tonnes per annum [Clarification: 5 million tonnes per annum CO2-e emissions abatement] by 2030 and that remains unchanged. That's a target that Woodside is working to.

As Tony highlighted, we are very capitally mindful and so we will make sure that any investment we make meets our capital allocation framework and we're going to be customer led.

So we need to understand what customers are looking for, the pace at which they're looking for things, and the solutions that Woodside can provide to support that.

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So targets remain, but we need to make sure the projects are value accretive, that they continue to be customers' needs and meet the priorities and timing that customers are looking for.

**Vanessa Martin:** Thanks, Rob. Do we have any other questions?

**Pat Virtue (NSW Treasury Corporation (TCorp)):** Pat Virtue from New South Wales Treasury Corporation. Liz, you conducted your first psychosocial risk assessment in 2025. That's an important topic for our clients. Were there any findings that surprised you about that, and what are the next steps after this?

**Liz Westcott:** So, I think about the safety evolution over decades that our industry has been on. We started with personnel safety and that was a real focus in in keeping people safe in the physical environment. We then moved as an industry into process safety and really understood the impact of having hydrocarbons under pressure in pipe and the importance of that.

We're now on their next journey of psychosocial health, understanding the importance of not just the physical environment, but the actual environment, the experienced environment for our workforce. So psychosocial survey that we did in 2025, we actually did a number, some of them were required by regulation, some of them were our choosing.

They all inform us along with our engagement survey of the felt experience of our workforce. So we were trying to get a baseline. What is the experience today? Where are the areas that Woodside needs to focus? We're still in the process of getting that information back.

But that's going to be able to inform programs going forward.

**Vanessa Martin:** Thank you. Do you have any other questions?

Well, maybe whilst everybody's thinking those up, we have another one from our shareholders last week.

It's a long one so I can't remember. So Woodside recently disclosed modelling suggesting that the company could require management action as early as 2031 in order to remain cash flow positive under the IEA's net zero by 2050 scenario, and management action potentially as soon as 2036 under another 1.5 degree scenario. When will Woodside quantify in its disclosures just how cash flow negative the company could be under the 1.5 degree aligned scenarios in this analysis?

**Peter Metcalfe:** Well, Vanessa, I can probably have a go at answering that. When I think about the disclosures and what I broadly call the scenario analysis section of those disclosures in this year's report, because we're aligned to the mandatory requirements of AASB S2, the climate-related disclosure requirements, it really comes in two sections.

The first part is a risk and opportunity section which looks at the current anticipated climate-related risks and breaks them down into some detail, and also a resilience section which tests that analysis against, further working back from legislated climate-related targets [Clarification: temperature scenarios required under AASB S2] , both a low climate outcome and a higher one [Clarification: both low and high temperature scenarios]. What we find is, when we look at the climate related risks and opportunities, which are the ones we currently anticipate, that allows us to quantify and give a range. So in that section report there is substantial quantification and more detail. In the resilience section, because we would take actions, but we don't know how or when we would take those actions, the model doesn't allow us to continue to calculate quantification. It does allow us to talk about what signpost we would see, the time we would have, and the types of management action available. So I'd encourage you to read the two sections of the scenario analysis together, and the quantification is in that first bit on the risks and opportunities.

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**Vanessa Martin:** Thanks, Peter. Do you have any other questions from the room?

**Kristen Le Mesurier (First Sentier Investors):** Thank you. Kristen Le Mesurier from First Sentier Investors. On Beaumont, what's driven the slower than expected demand for low-carbon ammonia? And then secondly, what are the construction issues that you mentioned?

**Liz Westcott:** Yes. So the Beaumont New Ammonia is up and running. So first production was at the end of '25 and we're in the process of getting to full performance testing and then Woodside will take operatorship of the facility. So we are today producing ammonia and selling that in the traditional ammonia market.

The lower-carbon market continues to evolve and we do see over time, you know, strong prospects for this market. But it's certainly fair to say customers are slower in wanting to have these products, whether that be through government policy in their region, Europe, whether it be the subsidy schemes in Asia that were going to support the introduction of lower-carbon ammonia.

But the ability to introduce lower-carbon-ammonia in the traditional market is strong as well as these emerging new areas. So we do see the prospects are strong, they're just slower to build up.

In terms of the question today on the timing for lower-carbon, we have third party suppliers that are doing the auto thermal reforming to create the hydrogen that allows you to be lower-carbon.

That also requires CCS, and it's those [Clarification: auto thermal reforming] facilities in general, with permits, that is running behind schedule from the suppliers. So we remain engaged with them to better understand their construction outlook and schedule, but you know, we need those facilities for lower-carbon ammonia.

**Vanessa Martin:** Yes, Rob.

**Rob Koh (Morgan Stanley):** Good day. Yeah, me again. I promise I am trying to let everybody have a chance. Maybe giving an opportunity to Miss Reynolds who hasn't had a chance to talk, could we maybe just ask you for any sharing you can have on the intersection of Indigenous People and resilience? Often First Nations people actually have excellent knowledge that can help on those kind of things.

**Sharon Reynolds:** Sure. So I think for Woodside's approach, we acknowledge that Indigenous Peoples need to be central, particularly to decisions and activities and that are occurring on either their land or sea country.

So making sure that we engage early and that we allow the full kind of gamut of information and information exchange so that we're able to then meaningfully incorporate their feedback and that both into our decision making and the activities that are occurring on country.

So Woodside's policy firmly embeds Indigenous voice and that's something that all employees of the company are then bound by.

**Vanessa Martin:** Do you have any other questions from the room?

**Anita Stanley (Macquarie):** Thanks. Anita Stanley from Macquarie. I just wanted to ask with the World Heritage listing of Murujuga, does that put additional requirements on the operations of the Burrup Peninsula assets? Thanks.

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**Sharon Reynolds:** I'm happy to take that if you like. I think Woodside's position around the World Heritage is that it actually provides more certainty over what we had long understood as being a very culturally rich and significant landscape.

And so, the level of attention and reporting is something that we've been applying in practice over a long period. There will be additional reporting requirements placed on the States, on Government and Woodside will seek to contribute and support that where necessary.

But in terms of our own application and approach, it actually doesn't change the way that we've been operating in that landscape over a long period of time now.

**Vanessa Martin:** Thanks, Sharon. Do we have any other questions?

**Eleanor Earl (HESTA):** Thank you. I'm Eleanor Earl from Hesta. I was just wondering if you could give us a sense of how your climate targets might be evolving over the next decade or so? So, you've got 2025 that you've achieved and then 2030, but there's not so much information on what's coming after that?

**Tony Cudmore:** Maybe I'll have a go Peter, perhaps you could talk to this too. So, look that's a great question and one of the things that we talked about in our Annual Report was the fact that we obviously are looking at what the future landscape is.

So Australia for example, and most Paris signatory nations now have announced their 2035 nationally determined contribution, so we're obviously taking that into account. We still have quite a ways to go before we get to 2030 on the current suite of targets, but it's obviously something that is under quite a lot of consideration as both nations move forward with their own targets as the energy landscape continues to evolve as we outlined in the presentation today. But Peter, any further thoughts?

**Peter Metcalfe:** Well, perhaps just one other thing on the development of those targets is of course the delivery against them as well. And so with this year we've, well last year, but this year's reporting we met the 2025 target, we're continuing towards 2030 and as Tony said considering what else could impact it.

But in that delivery, one of the things we've had a lot of conversations with investors about over recent times is the balance between the underlying gross emissions performance and reductions at our facilities relative to the amount of achievement of the target done by offsets. And we've seen this year that actually that we used fewer offsets to meet a tougher target despite higher oil and gas production, which gives us some confidence that we're continuing to drive that what we call design out and operate out in the right direction.

And the one particular example I draw on in that is methane emissions which are really getting a focus, and so we're now working through as we said in the video about OGMP 2.0 gold standard pathway to make sure we're really understanding and measuring and verifying our methane emissions are what we say they are.

**Pat Virtue (NSW Treasury Corporation (TCorp)):** Liz, you spoke about the strong demand for LNG in Asian markets in the years ahead. Given the geopolitical landscape, you know, potentially elevating the risk profile. Are you able to talk through the scenario analysis or stress testing that's done when you're considering growth market or growth plans in those markets in the years ahead and how that might be influencing those decisions?

**Liz Westcott:** We do a lot of thinking about the outlook of energy demand, the role LNG is going to play, the role oil is playing and how we see these markets evolving. So we have, we have views, but they are going to be subject to the world as it plays out.

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And so we test our assumptions and our Capital Markets Day presentation from November did, in there we can find the page later [for reference: 2025 Capital Markets Day slides 34 and 35], a really nice test of showing what a low price outcome would be in terms of the resilience of Woodside and its portfolio. So we do test it against a range of outcomes on price. We test a range of outcomes on demand for our products and make sure we are resilient.

Our cash breakeven cost is $34 a boe [Clarification: 2026 – 2027 average breakeven. Refer to Woodside's 2025 Capital Markets Day glossary definition on slide 89]. We are a very resilient, low-cost, well-placed business. We have geographic diversification, world class assets that have been running with high reliability.

All these things assist you in an uncertain market going forward. We also have a range of contracting that we apply to build financial resilience, whether that's in the near-term or in the longer-term.

You will have seen we've got contracts over the last two years now that take us out into the 2040s. So we have customer commitments for our product which builds resilience. So there's a lot of different elements, but we do test the scenarios as you say.

**Anita Stanley (Macquarie):** Thanks, another question for me. Just on scope 1 and 2. So would you consider setting a measurable interim scope 1 and 2 emissions target between the 2030 target and the 2050 net zero target given Australia's NDC's we now have a 2035 target?

**Tony Cudmore:** Well, I think I mean really consistent with the response to the question on what's next. I think we're looking at that entire landscape at the moment as you'd expect us to, to understand you know where we should go recognising that we're still on the way to 2030 and have just met 2025.

**Vanessa Martin:** So we've got, we still have a few minutes. We had another question that was from our shareholder Q&A last week, which said Woodside strategy appears to be informed by climate change assumptions which continue to be debated. What possible implications would the company face if those assumptions were ultimately shown to be overstated?

**Peter Metcalfe:** I can have a go at that, I think. Thanks Vanessa. And we've talked a little bit about how we test our assumptions through scenario planning on both upside and downside already. What I would say about that is climate scenarios, they always have been quite broad.

There's always been a broad range of pathways. Woodside's put quite a bit of emphasis in explaining that we we've always tried not to cherry pick one scenario and run the business on that.

We've tried to embrace the fact that there is a range of uncertainty and test our planning against it, making sure that we're firstly customer led and also capital disciplined, and that we test those investment decisions when we make them against a range of climate related transition factors like scope 1 or 2 performance or like risks and opportunities.

So that's quite well embedded in the way we think about things and is really designed to make us resilient to an uncertain future.

**Vanessa Martin:** Please, Rob.

**Rob Koh (Morgan Stanley):** Thank you. I hope I am giving everyone an opportunity. Just again going on to social and economic impact and Woodside does have a very big community footprint. Can you talk to how the company's thinking about its responsibilities in relation to climate disinformation and misinformation?

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**Liz Westcott:** Lots of us could talk to that. I'll let Tony have a start.

**Tony Cudmore:** Well, Rob, I suppose I'd start with the core value of integrity. So, we as a company certainly intend always to speak factually, truthfully and verifiably. So that I think is a core and you know we've been, that has been a driving value of the company, I'd say for as long as the company has been around.

Underpinned further, if I can just talk a little bit to the mandatory climate disclosures, which, while we've always verified have now subject to further assurance requirements and that is outlined in this year's, the 2025 Annual Report.

We also have an interest, a very strong interest in ensuring that we are responding factually where there are misrepresentations, either about our position or where there's a contribution we can make to clarify something in public debate.

So certainly we spend a lot of time ensuring that we are properly represented ourselves and that we're not misrepresented by any third party and that's important, as is also the case that we need to ensure that that we are constantly monitoring the external landscape for conversations where we think we can make a contribution. I hope that is helpful.

**Liz Westcott:** Might just add a little bit. You know, as Australia's leading energy company, we know we have an actual responsibility to not just our shareholders and stakeholders, but to the industry at large to be a voice and to explain as best we can what how we see the world, how we see the role of gas in supporting the ambition of Australia and governments on decarbonisation, energy security.

And so we do take that opportunity and we take that responsibility seriously. You know, sessions like this is part of it. We participate in industry bodies, so we are looking to put our voice out there, to be respectful, we welcome debate, we welcome those who want to understand more, who are genuinely interested in understanding the various perspectives of how this future might play out.

So there's a range of areas where we look to engage.

**Vanessa Martin:** I think we've got time for about one more question. Any other questions from the floor? No, no more questions?

Ok look, I want to say thank you very much for joining us today. We do hope that you found the presentations useful and informative and we look forward to engaging with you all further. Please reach out if you do have any questions.

We look forward to seeing you all at the AGM, and so thank you very much.

**[END OF TRANSCRIPT]** 

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| **INVESTORS** | **MEDIA** |
| **Vanessa Martin** | **Christine Abbott** |
| M: +61 477 397 961 | M: +61 484 112 469 |
| E: investor@woodside.com | E: christine.abbott@woodside.com |
| *This announcement was approved and authorised for release by Woodside's Disclosure Committee.* | *This announcement was approved and authorised for release by Woodside's Disclosure Committee.* |

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