# EDGAR Filing Document

**Accession Number:** 0000844551
**File Stem:** 0001193125-23-014719
**Filing Date:** 2023-1
**Character Count:** 45768
**Document Hash:** 44939d1e4b3d0eeb27fb6c3fad83bad6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-014719.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001193125-23-014719

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20230125

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41404
- **FILM NUMBER:** 23549711

**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

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

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**FORM 6-K** 

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**REPORT OF FOREIGN PRIVATE ISSUER** 

**Pursuant to Rule 13a-16 or 15d-16 of** 

**the Securities Exchange Act of 1934** 

**For the month of January 2023** 

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## Woodside Energy Group Ltd
**(Translation of Registrant's Name into English)** 

------

**001-41404** 

**(Commission File Number)** 

**Woodside Energy Group Ltd** 

**Mia Yellagonga, 11 Mount Street** 

**Perth, Western Australia 6000** 

**Australia** 

**(Address of Principal Executive Offices)** 

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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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**INCORPORATION BY REFERENCE** 

Exhibit 99.1 to this report on Form 6-K is furnished, not filed, and will not be incorporated by reference into any registration statement filed by the registrant under the Securities Act of 1933.

**EXHIBIT INDEX** 

99.1 [A copy of the registrant's Fourth Quarter 2022 Report, dated January 25, 2023.](d451312dex991.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.

Date: January 25, 2023

---

| | |
|:---|:---|
| **WOODSIDE ENERGY GROUP LTD** | **WOODSIDE ENERGY GROUP LTD** |
| By: | /s/ Warren Baillie |
|  | Warren Baillie |
|  | Corporate Secretary |

---

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g451312dsp4.jpg)

**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** 

ASX: WDS

NYSE: WDS

LSE: WDS

**Announcement** 

Wednesday, 25 January 2023

**FOURTH QUARTER REPORT FOR PERIOD ENDED 31 DECEMBER 2022** 

**Delivering reliable production** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Delivered record quarterly production of 51.6 MMboe (561 Mboe/day), up 0.7% from Q3 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Delivered sales volume of 52.2 MMboe, down 8.5% from Q3 2022, primarily due to reduced third-party trades.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Delivered revenue of $5,160 million, down 12.0% from Q3 2022, impacted by reduced trading activity and lower
realised prices.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Achieved a portfolio average realised price of $98 per barrel of oil equivalent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Sold 29% of produced LNG at prices linked to gas hub indices (23% full year 2022).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Achieved record full-year 2022 production of 157.7 MMboe, outperforming the production guidance of 153 – 157
MMboe due to strong operational performance in the fourth quarter.

**Executing major projects** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Scarborough and Pluto Train 2 projects in Western Australia are now 25% complete, with manufacturing of the
export trunkline 59% complete and the commencement of module construction for Pluto Train 2.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Development drilling program progressed on Sangomar with seven of 23 wells complete. The Sangomar FPSO was
successfully relocated to Singapore to complete topsides integration, pre-commissioning and commissioning activities.

**Investing in growth** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Issued multiple competitive tenders for Trion to support 2023 FID readiness.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• FEED was completed at H2OK and long-lead items were ordered to support 2023 FID readiness.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Selected as the preferred partner to progress to the next stage of the proposed Southern Green Hydrogen project
in New Zealand.

Woodside CEO Meg O'Neill said production in the fourth quarter was a record 51.6 million barrels of oil equivalent (boe).

"The result lifted output for calendar 2022 to 157.7 million boe, surpassing guidance and marking the highest annual production in Woodside's history.

Page 1 of 15

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"Consistent strong operational performance and favourable operating conditions across the combined portfolio was a key driver in achieving record quarterly and full-year production.

"Reliability at our Australian operated assets was exceptional with Pluto LNG and the North West Shelf (NWS) Project both achieving 98.3% reliability for the quarter. During the quarter, Woodside celebrated a milestone at Pluto LNG, passing 50 million tonnes of LNG production since the facility started up in 2012. Internationally, asset performance was boosted by completion of planned turnaround work.

"Woodside contributed 29.4 PJ to the east coast Australian gas market in the quarter. Every molecule produced by Woodside's east coast gas business went into the domestic market to support Australian households, businesses and manufacturers.

"Revenue for the period was $5,160 million, down 12% from the third quarter on the back of lower international crude oil and LNG prices and reduced trading activity. Woodside's average realised price was $98/boe, down from $102/boe in the preceding period.

"Ongoing production of Pluto gas through the Pluto-KGP Interconnector continues to deliver additional LNG volumes to a market with strong demand.

"Strong progress was made across our portfolio of growth projects, both in Australia and globally.

"The teams working on Scarborough and Pluto Train 2 have done an outstanding job over the latter part of the year. The combined projects are now one quarter of the way to completion and are on track for targeted first LNG cargo in 2026, bringing essential volumes into a market demanding more LNG.

"Most of the major equipment for the Scarborough floating production unit has been ordered and module construction of Pluto Train 2 has commenced.

"At Sangomar Field Development Phase 1 in Senegal, subsea installation and development drilling has progressed well, with seven of the planned 23 wells now completed. The floating production storage and offloading facility (FPSO) is currently undergoing topsides integration, pre-commissioning and commissioning activities in Singapore. Overall, the project is 77% complete and is on target to start producing oil in late 2023.

"Progress was also made at the proposed Trion project in Mexico, where we are aiming to be ready for a final investment decision (FID) in 2023. During the quarter competitive tenders were issued for the drilling rig, subsea equipment, and installation scopes for subsea, the floating production unit, and the floating storage and offloading vessel.

"In our new energy portfolio, front-end engineering design (FEED) has now been completed at H2OK and contracts were awarded for key equipment, putting us on target to be ready for FID in 2023.

"In Australia, Woodside entered into an Indigenous land use and modern benefits sharing agreement for the Woodside Solar project and is targeting FID readiness in 2023.

"Elsewhere in new energy, Woodside was selected as the preferred partner to progress to the next stage of the proposed Southern Green Hydrogen project in New Zealand, which would produce ammonia from electrolysis using renewable power.

"Woodside's production guidance for full-year 2023 remains 180 million to 190 million barrels of oil equivalent," she said.

**Comparative performance at a glance** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Q4 2022** | **Q3 2022** | **Change %** | **Q4 2021** | **Change %** |
|  Production | MMboe<br> *Mboe/day* | 51.6<br> *561* | 51.2<br> *557* | 0.7 | 22.6<br> *246* | 128.3 |
|  Sales | MMboe | 52.2 | 57.1 | (8.5) | 31.8 | 64.5 |
|  Revenue | $ million | 5160 | 5858 | (11.9) | 2906 | 77.6 |

---

Page 2 of 15

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**Operational overview** 

**Production** 

• Production increased compared to the previous quarter to a record 51.6 MMboe in Q4 2022, due to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ongoing strong operational performance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• continued high reliability at Australian operated oil and LNG assets, with Pluto LNG and NWS Project achieving
98.3% reliability for the quarter

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• completion of an approximately seven-week planned turnaround at Atlantis.

This was partly offset by lower production from Bass Strait due to planned offshore maintenance activities and a reduction in demand following the seasonal winter peak.

• Full-year 2022 production was a record 157.7 MMboe, above upgraded production guidance of 153 – 157 MMboe.

**Australian LNG** 

• The second phase of Pyxis Hub was successfully completed with ready for start up (RFSU) of Xena-2 achieved on schedule and under budget in November 2022.

• Woodside and NWS Project participants signed non-binding agreements with
Western Gas for processing 2-3 Mtpa of Equus gas from 2027, initially through the Karratha Gas Plant and then later through Pluto LNG. Discussions continue with other resource owners for processing of
additional third-party gas.

**Gulf of Mexico** 

• Drilling of the second development well completed on the Shenzi North project in the Gulf of Mexico and well
completion operations commenced. The project was 42% complete at the end of the period.

**Australia Oil** 

• The Pyrenees Phase 4 infill campaign commenced during the period, with final completion of the campaign expected
in Q1 2023. The infill campaign is targeting one workover well and one infill well and is expected to increase recovery from the Crosby and Stickle fields.

• The Enfield plugging and abandonment (P&A) campaign continued with four wells permanently plugged and one
xmas tree removed in the quarter. In 2022, a total of five wells were permanently plugged and 13 xmas trees were removed.

• The Balnaves P&A campaign consisting of four wells was completed.

**Project and development activities** 

**Scarborough** 

• The Pluto Train 2 site in Western Australia was handed over to Bechtel and LNG train module construction
commenced in Indonesia.

• Pipeline manufacturing is 59% complete and 92% of tagged equipment has been ordered for the floating production
unit (FPU).

• Engagement with regulators on secondary environmental approvals continued for offshore execution activities, with
no impact to critical path.

• FEED activities for Pluto Train 1 modifications were completed and the project was 25% complete at the end of the
period, targeting first LNG cargo in 2026.

**Sangomar Field Development Phase 1** 

• The subsea installation campaign progressed with rigid pipeline installation now 69% complete.

• The development drilling program continued with seven of 23 wells completed.

Page 3 of 15

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• The construction phase for the FPSO facility was completed in China. The FPSO facility was successfully relocated
to Singapore to complete topsides integration and pre-commissioning.

• The project was 77% complete at the end of the period and first oil is targeted in late 2023.

**Mad Dog Phase 2** 

• The operator is working through project commissioning issues and is planning start up in 2023.

**Trion** 

• Competitive tenders were issued for the drilling rig, subsea equipment, long-lead rotating equipment and
installation scopes for subsea, the FPU and the floating storage and offloading vessel.

• Woodside received confirmation from the National Hydrocarbons Commission (CNH) in December that the "minimum
work program" obligation associated with the Trion licence was completed.

**Wheatstone** 

• Concept selection has been completed for Julimar-Brunello Phase 3. The third phase of the Julimar-Brunello
project will involve the tieback of additional production wells to the Wheatstone platform. Woodside is targeting to be FID ready in 2023.

**Sunrise** 

• The Sunrise Joint Venture and Australian and Timor-Leste Governments held two further Greater Sunrise trilateral
meetings for 2022 to progress a new production sharing contract.

• Subsequent to the quarter, retention lease renewals were granted for Australian titles NT/RL2 and NT/RL4.

**New energy** 

**H2OK** 

• Completed FEED activities, which have matured the facility design, cost and schedule.

• Awarded contracts for the engineering and fabrication of electrolysers and liquefaction equipment in support of
targeted FID readiness in 2023.

**Southern Green Hydrogen (SGH)** 

• Woodside was selected as the preferred partner to progress to the next stage of the proposed SGH project in New
Zealand. The proposed project will target production of 500,000 tonnes per year of ammonia using electrolysis from renewable power. Subject to finalising commercial arrangements, next steps will involve project participants working towards
commencing FEED for the project.

**Woodside Solar** 

• Woodside entered into a bilateral Indigenous Land Use Agreement and a modern benefits-sharing and relationship
agreement with the Ngarluma Aboriginal Corporation (NAC). NAC holds the native title rights on behalf of the Ngarluma people, in respect to the land on which the proposed Woodside Solar project is planned to be developed. Woodside also executed an
option to lease this land and has been progressing North West Interconnected System (NWIS) connection and transmission access arrangements.

**Marketing** 

**Vessel management** 

• Woodside signed binding agreements with Maran Gas Maritime Inc. for the long-term charter of two new-build LNG carriers to be delivered to support the delivery of Scarborough LNG cargoes and growth in trading activities.

Page 4 of 15

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**PT Pertamina (Persero)** 

• Woodside did not exercise its option to supply additional volumes into its long-term sale and purchase agreement
with PT Pertamina (Persero), executed in June 2017.

**Corporate activities** 

**Hedging** 

• As at 31 December 2022, Woodside has placed oil price hedges for approximately 21.8 MMboe of 2023 production
at an average price of $74.5 per barrel.

• Woodside also has a hedging program for Corpus Christi LNG volumes to protect against downside pricing risk.
These hedges are Henry Hub and Title Transfer Facility (TTF) commodity swaps. As at 31 December 2022, approximately 49% of Corpus Christi volumes included in stock in transit for 2022, approximately 82% of 2023 volumes and approximately 29% of
2024 volumes have reduced pricing risk as a result of hedging activities.

• The realised value of hedged positions for the year ended 31 December 2022 is a pre-tax expense of approximately $872 million, with $475 million pre-tax expense related to oil price hedges, $384 million pre-tax expense related to Corpus Christi hedges and $13 million pre-tax expense related to other hedge positions. Hedging losses will be included in "other
expenses" in the full-year financial statements.

**2022 full-year results and teleconference** 

• Woodside's Annual Report 2022, Sustainable Development Report 2022, Climate Report 2022 and associated
investor briefing will be released to the market on Monday, 27 February 2023, and will be available on Woodside's website at <u>www.woodside.com.</u> 

• A teleconference providing an overview of the full-year 2022 results and a question and answer session will be
hosted by Woodside CEO and Managing Director, Meg O'Neill, and Chief Financial Officer, Graham Tiver, on Monday, 27 February at 10:00 AEDT / 07:00 AWST / 15:00 CST (Sunday, 26 February).

• We recommend participants pre-register 5 to 10 minutes prior to the event
with one of the following links:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>https://webcast.openbriefing.com/wds-fyr-2023/</u> to view
the presentation and listen to a live stream of the question-and-answer session

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>https://s1.c-conf.com/diamondpass/10028290-3mrhp6.html</u> to
participate in the question-and-answer session. Following pre-registration, participants will receive the teleconference details
and a unique access passcode.

**2022 full-year guidance** 

• Woodside will provide 2022 full-year line-item guidance in early February ahead of the 2022 full-year results.

---

| | |
|:---|:---|
|  **Contacts:** |  |
|  **INVESTORS** | **MEDIA** |
|  **Matthew Turnbull (Group)** | **Christine Forster** |
|  M: +61 410 471 079 | M: +61 484 112 469 |
|  | E: christine.forster@woodside.com  |
| **Sarah Peyman (Australia)** |  |
| M: +61 457 513 249 |  |
| **Rohan Goudge (US)** |  |
| M: +1 (713) 679-1550 |  |
| E: investor@woodside.com |  |

---

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

Page 5 of 15

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**Production summary** 

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | | **Three months ended** | **Three months ended** | **Three months ended** | **Year to date** | **Year to date** |
|  | | **Dec<br>2022** | **Sep<br>2022** | **Dec<br>2021** | **Dec**<br>**2022** | **Dec<br>2021** |
|  **AUSTRALIA** |  |  |  |  |  |  |
|  **LNG** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North West Shelf | Mboe | 9564 | 9694 | 4850 | 29696 | 20449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pluto<sup>1</sup>  | Mboe | 12124 | 12458 | 10241 | 46236 | 40119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wheatstone | Mboe | 2596 | 2556 | 2343 | 9205 | 10210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | Mboe | 24284 | 24708 | 17434 | 85137 | 70778 |
|  **Pipeline gas** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bass Strait | Mboe | 4883 | 6481 |  | 13717 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other<sup>2</sup>  | Mboe | 3470 | 3389 | 601 | 9304 | 2505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | Mboe | 8353 | 9870 | 601 | 23021 | 2505 |
|  **Crude oil and condensate** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North West Shelf | Mbbl | 1711 | 1750 | 794 | 5371 | 3364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pluto<sup>1</sup>  | Mbbl | 982 | 990 | 770 | 3684 | 3037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wheatstone | Mbbl | 506 | 494 | 533 | 1698 | 2329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bass Strait | Mbbl | 935 | 1229 |  | 2605 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macedon & Pyrenees | Mbbl | 692 | 602 |  | 1517 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ngujima-Yin | Mbbl | 1890 | 1464 | 1914 | 7027 | 7113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Okha | Mbbl | 598 | 653 | 452 | 2120 | 1516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | Mboe | 7314 | 7182 | 4463 | 24022 | 17359 |
|  **NGL**<sup>3</sup>  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North West Shelf | Mbbl | 307 | 324 | 128 | 1040 | 498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pluto<sup>1</sup>  | Mbbl | 52 | 52 |  | 170 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bass Strait | Mbbl | 1187 | 1554 |  | 3244 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | Mboe | 1546 | 1930 | 128 | 4454 | 498 |
|  **Total Australia** | **Mboe** | **41497** | **43690** | **22626** | **136634** | **91140** |

---

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<sup>1</sup> Q4 2022 includes 2.39 MMboe of LNG, 0.10 MMboe of condensate and 0.05 MMboe of NGL, Q3 2022 includes 2.35 MMboe of LNG, 0.09 MMboe of condensate and 0.05 MMboe of NGL and Q4 YTD 2022 includes 7.56 MMboe of LNG, 0.31 MMboe of condensate and 0.17 MMboe of NGL processed at the Karratha Gas Plant (KGP) through the Pluto-KGP Interconnector. 

<sup>2</sup> Includes the aggregate Woodside equity domestic gas production from all Western Australian projects.

<sup>3</sup> Natural gas liquids (NGL) include LPG, ethane, propane and butane.

Page 6 of 15

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---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | | **Three months ended** | **Three months ended** | **Three months ended** | **Year to date** | **Year to date** |
|  | | **Dec**<br>**2022** | **Sep**<br>**2022** | **Dec**<br>**2021** | **Dec**<br>**2022** | **Dec**<br>**2021** |
|  **INTERNATIONAL** |  |  |  |  |  |  |
|  **Pipeline gas** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gulf of Mexico | Mboe | 409 | 219 |  | 750 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinidad & Tobago | Mboe | 1952 | 2102 |  | 4883 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | Mboe | 2361 | 2321 |  | 5633 |  |
|  **Crude oil and condensate** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlantis | Mbbl | 3229 | 1257 |  | 5473 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mad Dog | Mbbl | 1165 | 838 |  | 2414 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shenzi | Mbbl | 2517 | 2452 |  | 5734 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinidad & Tobago | Mbbl | 361 | 365 |  | 876 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other<sup>4</sup>  | Mbbl | 81 | 81 |  | 189 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | Mboe | 7353 | 4993 |  | 14686 |  |
|  **NGL<sup>5</sup>**  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gulf of Mexico | Mbbl | 390 | 244 |  | 753 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | Mboe | 390 | 244 |  | 753 |  |
|  **Total International** | **Mboe** | **10104** | **7558** | **—** | **21072** | **—** |
|  **Total production** | **Mboe** | **51601** | **51248** | **22626** | **157706** | **91140** |

---

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<sup>4</sup> Overriding royalty interests held in the Gulf of Mexico (GoM) for several producing wells.

<sup>5</sup> Natural gas liquids (NGL) include LPG, ethane, propane and butane.

Page 7 of 15

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**Product sales** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | | **Three months ended** | **Three months ended** | **Three months ended** | **Year to date** | **Year to date** |
|  | | **Dec**<br>**2022** | **Sep**<br>**2022** | **Dec**<br>**2021** | **Dec**<br>**2022** | **Dec**<br>**2021** |
|  **AUSTRALIA** |  |  |  |  |  |  |
|  **LNG** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North West Shelf | Mboe | 9000 | 8441 | 5771 | 28069 | 20362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pluto<sup>6</sup>  | Mboe | 12189 | 11862 | 9868 | 44578 | 39375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wheatstone<sup>7</sup>  | Mboe | 2360 | 2898 | 2497 | 9243 | 9686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | Mboe | 23549 | 23201 | 18136 | 81890 | 69423 |
|  **Pipeline gas** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bass Strait | Mboe | 4725 | 6564 |  | 13483 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | Mboe | 3524 | 3436 | 609 | 9337 | 2512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | Mboe | 8249 | 10000 | 609 | 22820 | 2512 |
|  **Crude oil and condensate** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North West Shelf | Mbbl | 1989 | 2140 | 1342 | 5765 | 3356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pluto<sup>6</sup>  | Mbbl | 856 | 838 | 742 | 3994 | 2902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wheatstone | Mbbl | 684 | 325 | 661 | 1652 | 2458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bass Strait | Mbbl | 1115 | 1435 |  | 2883 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ngujima-Yin | Mbbl | 1753 | 1502 | 1941 | 7027 | 7039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Okha | Mbbl |  | 1298 | 653 | 1917 | 1463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pyrenees | Mbbl | 1142 | 502 |  | 1644 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | Mboe | 7539 | 8040 | 5339 | 24882 | 17218 |
|  **NGL<sup>8</sup>**  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North West Shelf | Mbbl | 228 | 701 | 375 | 929 | 733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pluto<sup>6</sup>  | Mbbl |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bass Strait | Mbbl | 672 | 1999 |  | 2884 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | Mboe | 900 | 2700 | 375 | 3813 | 733 |
|  **Total Australia** | **Mboe** | **40237** | **43941** | **24459** | **133405** | **89886** |

---

------

<sup>6</sup> Processing of volumes commenced at the Karratha Gas Plant via the Pluto-KGP Interconnector in 2022.

<sup>7</sup> Includes periodic adjustments reflecting the arrangements governing Wheatstone LNG sales of 0.03 MMboe in Q4 2022, 0.09 MMboe in Q3 2022, -0.26 MMboe in Q4 2021, 0.00 MMboe in Q4 YTD 2022 and -0.86 MMboe in Q4 YTD 2021.

<sup>8</sup> Natural gas liquids (NGL) include LPG, ethane, propane and butane.

Page 8 of 15

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | | **Three months ended** | **Three months ended** | **Three months ended** | **Year to date** | **Year to date** |
|  | | **Dec**<br>**2022** | **Sep**<br>**2022** | **Dec**<br>**2021** | **Dec**<br>**2022** | **Dec**<br>**2021** |
|  **INTERNATIONAL** |  |  |  |  |  |  |
|  **Pipeline gas** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gulf of Mexico | Mboe | 343 | 214 |  | 684 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinidad & Tobago | Mboe | 1969 | 2118 |  | 4923 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other<sup>9</sup>  | Mboe | 4 | 9 |  | 16 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | Mboe | 2316 | 2341 |  | 5623 |  |
|  **Crude oil and condensate** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlantis | Mbbl | 3091 | 1466 |  | 5440 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mad Dog | Mbbl | 1098 | 891 |  | 2368 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shenzi | Mbbl | 2245 | 2636 |  | 5599 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinidad & Tobago | Mbbl | 130 | 443 |  | 777 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other<sup>9</sup>  | Mbbl | 59 | 77 |  | 164 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | Mboe | 6623 | 5513 |  | 14348 |  |
|  **NGL<sup>10</sup>**  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gulf of Mexico | Mbbl | 422 | 276 |  | 822 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinidad & Tobago | Mbbl |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other<sup>9</sup>  | Mbbl | 2 | 4 |  | 8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | Mboe | 424 | 280 |  | 830 |  |
|  **Total International** | **Mboe** | **9363** | **8134** | **—** | **20801** | **—** |
|  **MARKETING** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LNG<sup>11</sup>  | Mboe | 2625 | 5023 | 7297 | 14727 | 21750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | Mboe | 2625 | 5023 | 7297 | 14727 | 21750 |
|  **Total Marketing** | **Mboe** | **2625** | **5023** | **7297** | **14727** | **21750** |
|  **Total sales** | **Mboe** | **52225** | **57098** | **31756** | **168933** | **111636** |

---

------

<sup>9</sup> Overriding royalty interests held in the GoM for several producing wells.

<sup>10</sup> Natural gas liquids (NGL) include LPG, ethane, propane and butane.

<sup>11</sup> Purchased LNG volumes sourced from third parties.

Page 9 of 15

------

**Revenue (US$ million)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Three months ended** | **Three months ended** | **Three months ended** | **Year to date** | **Year to date** |
|  | **Dec**<br>**2022** | **Sep**<br>**2022** | **Dec**<br>**2021** | **Dec**<br>**2022** | **Dec**<br>**2021** |
|  **AUSTRALIA** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North West Shelf | 1260 | 1081 | 712 | 3500 | 1463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pluto<sup>12</sup>  | 1666 | 1716 | 936 | 5497 | 2508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wheatstone<sup>13</sup>  | 383 | 300 | 203 | 1110 | 696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bass Strait | 363 | 656 |  | 1251 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macedon | 54 | 41 |  | 111 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ngujima-Yin | 164 | 162 | 169 | 762 | 562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Okha |  | 124 | 57 | 191 | 111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pyrenees | 118 | 69 |  | 188 |  |
|  **INTERNATIONAL** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlantis | 263 | 134 |  | 506 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mad Dog | 87 | 81 |  | 212 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shenzi | 188 | 249 |  | 520 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinidad & Tobago | 112 | 143 |  | 321 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other<sup>14</sup>  | 6 | 7 |  | 16 |  |
|  **Marketing revenue<sup>15</sup>**  | 431 | 1043 | 775 | 2464 | 1449 |
|  **Total sales revenue<sup>16</sup>**  | 5095 | 5806 | 2852 | 16649 | 6789 |
|  Processing revenue | 48 | 50 | 37 | 175 | 143 |
|  Shipping and other revenue | 17 | 2 | 17 | 27 | 41 |
|  **Total revenue** | **5160** | **5858** | **2906** | **16851** | **6973** |

---

**Realised prices** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Three months ended** | **Three months ended** | **Three months ended** | | **Three months ended** | **Three months ended** | **Three months ended** |
|  | <br>Units | **Dec<br>2022** | **Sep<br>2022** | **Dec<br>2021** | <br>Units | **Dec<br>2022** | **Sep<br>2022** | **Dec<br>2021** |
|  LNG produced<sup>17</sup>  | $/MMBtu | 20.3 | 19.1 | 15.1 | $/boe | 128 | 117 | 87 |
|  LNG traded<sup>18</sup>  | $/MMBtu | 24.2 | 32.7 | 18.2 | $/boe | 153 | 207 | 106 |
|  Pipeline gas |  |  |  |  | $/boe | 43 | 49 | 17 |
|  Oil and condensate | $/bbl | 82 | 95 | 84 | $/boe | 82 | 95 | 84 |
|  NGL | $/bbl | 36 | 48 | 104 | $/boe | 36 | 48 | 104 |
|  Average realised price |  |  |  |  | $/boe | 98 | 102 | 90 |
|  Dated Brent |  |  |  |  | $/bbl | 89 | 101 | 80 |
|  JCC (lagged three months) |  |  |  |  | $/bbl | 113 | 111 | 73 |
|  WTI |  |  |  |  | $/bbl | 82.8 | 91.6 | 77.3 |
|  JKM |  |  |  |  | $/MMBtu | 38.6 | 36.0 | 28.0 |
|  TTF |  |  |  |  | $/MMBtu | 45.0 | 50.9 | 26.9 |

---

• Average realised price was A$5.3/GJ in Western Australia, A$14.2/GJ in east coast Australia and $7.88/Mcf for
International in Q4 2022.

------

<sup>12</sup> Q4 YTD 2022 includes $38 million and Q4 YTD 2021 includes $67 million relating to Pluto volumes delivered into a Wheatstone sales commitment. These amounts will be included within other income in the financial statements rather than operating revenue. 

<sup>13</sup> Q4 2022 includes $2 million, Q3 2022 includes $10 million, Q4 2021 includes -$20 million, Q4 YTD 2022 includes -$3 million and Q4 YTD 2021 includes -$56 million, recognised in relation to periodic adjustments reflecting the arrangements governing Wheatstone LNG sales. These amounts will be included within other income/(expenses) in the financial statements rather than operating revenue. 

<sup>14</sup> Overriding royalty interests held in GoM for several producing wells.

<sup>15</sup> Values include revenue generated from purchased LNG volumes, as well as the marketing margin on the sale of Woodside's produced liquids portfolio. Hedging impacts are excluded.

<sup>16</sup> Total sales revenue excludes all hedging impacts. 

<sup>17</sup> Realised prices include the impact of periodic adjustments reflecting the arrangements governing Wheatstone LNG sales.

<sup>18</sup> Excludes any additional benefit attributed to produced LNG through third-party trading activities.

Page 10 of 15

------

**Expenditure (US$ million)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Three months ended** | **Three months ended** | **Three months ended** | **Year to date** | **Year to date** |
|  | **Dec<br>2022** | **Sep<br>2022** | **Dec<br>2021** | **Dec<br>2022** | **Dec<br>2021** |
|  **Exploration and evaluation expense** |  |  |  |  |  |
|  Exploration and evaluation expensed<sup>19</sup>  | 239 | 181 | 220 | 454 | 319 |
|  Permit amortisation | 3 | 5 | 1 | 11 | 3 |
|  **Total** | **242** | **186** | **221** | **465** | **322** |
|  **Capital expenditure** |  |  |  |  |  |
|  Exploration and evaluation capitalised<sup>20</sup><sup>,21</sup> | 8 | 101 | 237 | 119 | 460 |
|  Oil and gas properties | 1342 | 1056 | 960 | 3903 | 2178 |
|  **Total** | **1350** | **1157** | **1197** | **4022** | **2638** |
|  **Trading costs** | **260** | **727** |  | **1777** |  |

---

**Key project expenditure (US$ million)** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Year to date** | **Year to date** | **Year to date** | **Year to date** |
|  | **Dec<br>2022** | **Dec<br>2022** | **Sep<br>2022** | **Sep<br>2022** | **Dec<br>2021** | **Dec<br>2021** | **Dec<br>2022** | **Dec<br>2022** | **Dec<br>2021** | **Dec<br>2021** |
|  **Capital expenditure** |  |  |  |  |  |  |  |  |  |  |
|  Scarborough and Pluto Train 2 |  | 579 |  | 424 |  | 794 |  | 1769 |  | 1003 |
|  Sangomar |  | 290 |  | 278 |  | 276 |  | 1017 |  | 1051 |

---

------

<sup>19</sup> Exploration expense includes the reclassification of well results during the period. Q4 2022 includes $39m relating to the write-off of capitalised exploration costs due to the relinquishment of exploration permit acreage at Sangomar. Q3 2022 includes $140 million related to the decision to exit the Orphan Basin exploration licences in Canada. 

<sup>20</sup> Exploration capitalised represents expenditure on successful and pending wells, plus permit acquisition costs during the period and is net of well costs reclassified to expense on finalisation of well results.

<sup>21</sup> Project final investment decisions result in amounts of previously capitalised exploration and evaluation expense (from current and prior years) being transferred to oil and gas properties. This table does not reflect the impact of such transfers. 

Page 11 of 15

------

**Exploration** 

• The Hoodoo-1 well was drilled and did not encounter hydrocarbons.
Drilling data will inform future activity.

• Woodside participated in the Chevron-operated Starman-1 well. The well
reached total depth in October. Analysis of well results is ongoing.

**Exploration or appraisal wells drilled** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Region** | **Permit<br>area** | **Well** | **Target** | **Interest (%)** | **Spud date** | **Water<br>depth (m)** | **Planned well<br>depth (m)<sup>22</sup>** | **Remarks** |
|  Gulf of Mexico | MC 412 | Starman-1 | Oil | 25% Non-operator | 9 June 2022 | 457 | 8327 | Drilling complete |
|  Gulf of Mexico | EB 699 | Hoodoo-1 | Oil | 70% Operator | 16 October 2022 | 941 | 9693 | Drilling complete |

---

**Permits and licences** 

Key changes to permit and licence holding during the quarter ended 31 December 2022 are noted below.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Region** | **Permits or licence areas** | **Change in<br>interest (%)** | **Current<br>interest (%)** | **Remarks** |
|  Gulf of Mexico | GB 574, GB 575, GB 619 | (60) | 40 | Cross assignment with |
|  Gulf of Mexico | GB 429, GB 530, GB 531 | 40 | 40 | Shell and Equinor |
|  Gulf of Mexico | DC 667 | (100) | 0 | Expired |
|  Gulf of Mexico | AC 35, AC 79, AC 83, AC 125, AC 126 | (70) | 0 | Expired |
|  Barbados | Carlisle Bay, Bimshire | (40) | 60 | Farm down to Shell |

---

**Seismic and geophysical survey activity** 

---

| | | | |
|:---|:---|:---|:---|
| **Region** | **Field** | **Permits or licence areas** | **Remarks** |
| Caribbean | Calypso | Block 23 (a) MDP and Block 14 MDP | Completed acquisition of a controlled source electromagnetic survey to improve reservoir characterisation |

---

------

<sup>22</sup> Well depths are referenced to the rig rotary table.

Page 12 of 15

------

**Production rates** 

Average daily production rates (100% project) for the quarter ended 31 December 2022:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Woodside<br>share<sup>23</sup>** | **Production rate<br>(100% project, Mboe/d)** | **Production rate<br>(100% project, Mboe/d)** | **Remarks** |
|  | **Woodside<br>share<sup>23</sup>** | **Dec**<br>**2022** | **Sep**<br>**2022** | **Remarks** |
|  **AUSTRALIA** |  |  |  |  |
|  **NWS Project** |  |  |  |  |
|  LNG | 30.47% | 340 | 346 |  |
|  Crude oil and condensate | 30.48% | 61 | 62 | Production was lower due to offshore turnaround activities. |
|  NGL | 30.49% | 11 | 12 |  |
|  **Pluto LNG** |  |  |  |  |
|  LNG | 90.00% | 118 | 122 |  |
|  Crude oil and condensate | 90.00% | 11 | 11 |  |
|  **Pluto-KGP Interconnector** |  |  |  |  |
|  LNG | 100.00% | 26 | 25 |  |
|  Crude oil and condensate | 100.00% | 1 | 1 |  |
|  NGL | 100.00% | 1 | 1 |  |
|  **Wheatstone<sup>24</sup>**  |  |  |  |  |
|  LNG | 11.84% | 238 | 241 |  |
|  Crude oil and condensate | 16.63% | 33 | 34 |  |
|  **Bass Strait** |  |  |  |  |
|  Pipeline gas | 46.26% | 115 | 157 | Production was lower due to planned |
|  Crude oil and condensate | 48.47% | 21 | 28 | offshore maintenance activities and a |
|  NGL | 49.23% | 26 | 35 | reduction in demand following winter. |
|  **Australia Oil** |  |  |  |  |
|  Ngujima-Yin | 60.00% | 34 | 27 | Production was higher due to increased facility reliability. |
|  Okha | 50.00% | 13 | 14 |  |
|  Pyrenees | 65.91% | 11 | 10 |  |
|  **Other** |  |  |  |  |
|  Pipeline gas<sup>25</sup>  |  | 38 | 37 |  |

---

------

<sup>23</sup> Woodside share reflects the net realised interest for the period.

<sup>24</sup> The Wheatstone asset processes gas from several offshore gas fields, including the Julimar and Brunello fields, for which Woodside has 65% participating interest and is the operator. 

<sup>25</sup> Includes the aggregate Woodside equity domestic gas production from all Western Australian projects.

Page 13 of 15

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Woodside<br>share<sup>26</sup>** | **Production rate<br>(100% project, Mboe/d)** | **Production rate<br>(100% project, Mboe/d)** | **Remarks** |
|  | **Woodside<br>share<sup>26</sup>** | **Dec**<br>**2022** | **Sep**<br>**2022** | **Remarks** |
|  **INTERNATIONAL** |  |  |  |  |
|  **Atlantis** |  |  |  |  |
|  Crude oil and condensate | 38.50% | 91 | 35 | Production was higher following completion |
|  NGL | 38.50% | 6 | 2 | of a planned turnaround in Q3. |
|  Pipeline Gas | 38.50% | 9 | 3 |  |
|  **Mad Dog** |  |  |  |  |
|  Crude oil and condensate | 20.86% | 62 | 44 | Production was higher due to increased |
|  NGL | 20.86% | 2 | 2 | facility availability and reliability. |
|  Pipeline Gas | 20.86% | 1 | 1 |  |
|  **Shenzi** |  |  |  |  |
|  Crude oil and condensate | 64.39% | 42 | 41 |  |
|  NGL | 64.39% | 2 | 2 |  |
|  Pipeline Gas | 64.39% | 1 | 1 |  |
|  **Trinidad & Tobago** |  |  |  |  |
|  Crude oil and condensate | N/A | 7 | 7 |  |
|  Pipeline gas | N/A | 54 | 57 |  |

---

------

<sup>26</sup> Woodside share reflects the net realised interest for the period.

Page 14 of 15

------

**Forward looking statements and other conversion factors** 

**Disclaimer and important notice** 

This announcement contains forward-looking statements with respect to Woodside's business and operations, market conditions, results of operations and financial condition which reflect Woodside's views held as at the date of this announcement. Forward-looking statements generally may be identified by the use of forward-looking words such as 'guidance', 'foresee', 'likely', 'potential', 'anticipate', 'believe', 'aim', 'estimate', 'expect', 'intend', 'may', 'target', 'plan', 'forecast', 'project', 'schedule', 'will', 'should', 'seek' and other similar words or expressions. These forward-looking statements include, but are not limited to, statements about Woodside's future plans for projects and the timing thereof, the implementation of Woodside's new energy strategy and Woodside's expectations and guidance with respect to production and certain financial results for 2023. Forward-looking statements are not guarantees of future performance 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. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, drilling and production results; gas commercialisation; development progress; operating results; engineering estimates; environmental risks; physical risks; project delay or advancement; regulatory approvals; fluctuations in commodity prices; the impact of armed conflict and political instability (such as the ongoing conflict in Ukraine) on economic activity and oil and gas supply and demand; the effect of future regulatory or legislative actions on Woodside or the industries in which it operates, including potential changes to tax laws; inflation and government efforts to reduce inflation; increases in interest rates; and fluctuations in currency exchange rates. Details of the key risks relating to Woodside and its business can be found in the "Risk" section of Woodside's most recent Annual Report which was released to the Australian Securities Exchange on 17 February 2022 and in Woodside's filings with the U.S. Securities and Exchange Commission. You should review and have regard to these risks when considering the information contained in this announcement.

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 information included in this announcement, including any forward-looking statements, speak only as of the date of this announcement and, except as required by law or regulation, Woodside does not undertake to update or revise any information or forward-looking statements contained in this announcement, whether as a result of new information, future events, or otherwise.

All figures are Woodside share for the quarter ending 31 December 2022, unless otherwise stated.

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 or its applicable subsidiaries.

---

| | | |
|:---|:---|:---|
| **Product** | **Unit** | **Conversion**<br>**factor** |
|  Natural gas | 5,700 scf | 1 boe |
|  Condensate | 1 bbl | 1 boe |
|  Oil | 1 bbl | 1 boe |
|  Natural gas liquids (NGL) | 1 bbl | 1 boe |
| **Facility** | **Unit** | **LNG**<br>**conversion**<br>**factor** |
|  Karratha Gas Plant | 1 tonne | 8.08 boe |
|  Pluto Gas Plant | 1 tonne | 8.34 boe |
|  Wheatstone | 1 tonne | 8.27 boe |

---

The LNG conversion factor from tonne to boe is specific to volumes produced at each facility and is based on gas composition which may change over time.

---

| | |
|:---|:---|
| bbl | barrel |
| boe | barrel of oil equivalent |
| Mbbl | thousand barrels |
| Mboe | thousand barrels of oil equivalent |
| MMboe | million barrels of oil equivalent |
| Bcf | billion cubic feet of gas |
| MMBtu | million British thermal units |
| MMscf | million standard cubic feet of gas |
| scf | standard cubic feet of gas |

---

Page 15 of 15