WDS

MKT CAP:$44B

Woodside Energy Group Ltd

Market Cap

$44B

Energy·Oil & Gas Exploration & Production·🇦🇺 Australia·NYSE

Energy·Oil & Gas Exploration & Production·🇦🇺·NYSE

Stock Price

$23.09+$7.10 (+44.37%)

Apr 24, 2026

Company Details

Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons in Oceania, Asia, Canada, Africa, and internationally. The company produces liquefied natural gas, pipeline natur...

CEO

Elizabeth Morton Westcott

IPO Date

Nov 18, 1996

Website

www.woodside.com.au

Key Metrics TTM

Revenue

$26.2B

-15.1% YoY

Net Income

$6.3B

EPS (Diluted)

$3.29

Free Cash Flow

-$1.5B

Revenue / Share

$13.66

Gross Margin

37.8%

Operating Margin

32.6%

Net Margin

24.1%

FCF Margin

-5.7%

P/S

1.7x

P/E

7.0x

Earnings Reports

FY 2025

Feb 24, 2026

$13.0BEPS $1.42

Q4 2025

Feb 24, 2026

$6.4B-11.1%EPS $0.73

Q2 2025

Aug 19, 2025

$6.6B+9.9%EPS $0.69

Q4 2024

Feb 25, 2025

$7.2B+9.1%EPS $0.86

Q2 2024

Aug 30, 2024

$6.0B-19.1%EPS $1.01

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 17	$1.9B	$897M	$755M
Q2 18	$2.4B	$1.2B	$946M
Q2 19	$2.3B	$865M	$673M
Q4 19	$2.6B	$1.3B	$1.0B
Q2 20	$1.9B	$137M	-$32M
Q4 20	$1.7B	$478M	$134M
Q2 21	$2.5B	$969M	$579M
Q4 21	$4.5B	$2.1B	$2.7B
Q2 22	$5.8B	$3.6B	$2.5B
Q4 22	$11.0B	$6.7B	$5.9B
Q2 23	$7.4B	$3.5B	$2.5B
Q4 23	$6.6B	$2.9B	$701M
Q2 24	$6.0B	$2.7B	$2.4B
Q4 24	$7.2B	$3.0B	$2.5B
Q2 25	$6.6B	$2.2B	$1.9B
Q4 25	$6.4B	$2.0B	$1.7B

Valuation

Quarter	P/S	P/E
Q2 17	2.0x	7.6x
Q2 18	2.8x	11.6x
Q2 19	2.8x	13.2x
Q4 19	2.5x	16.3x
Q2 20	1.5x	—
Q4 20	2.0x	—
Q2 21	1.9x	—
Q4 21	1.7x	—
Q2 22	1.7x	6.8x
Q4 22	1.9x	5.5x
Q2 23	1.5x	4.4x
Q4 23	1.3x	4.9x
Q2 24	1.2x	4.2x
Q4 24	1.1x	5.5x
Q2 25	1.1x	6.1x
Q4 25	1.1x	4.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 17	$1.2B	$546M
Q2 18	$1.5B	$403M
Q2 19	$1.5B	$885M
Q4 19	$1.8B	$1.2B
Q2 20	$1.1B	$319M
Q4 20	$742M	-$415M
Q2 21	$1.3B	$502M
Q4 21	$2.5B	$672M
Q2 22	$2.5B	$1.5B
Q4 22	$6.3B	$4.2B
Q2 23	$2.9B	$474M
Q4 23	$3.2B	$380M
Q2 24	$2.4B	-$25M
Q4 24	$3.5B	-$72M
Q2 25	$3.0B	-$1.8B
Q4 25	$3.5B	$417M

Capital Expenditures

Quarter	CapEx
Q2 17	$689M
Q2 18	$1.1B
Q2 19	$600M
Q4 19	$613M
Q2 20	$788M
Q4 20	$1.2B
Q2 21	$831M
Q4 21	$1.8B
Q2 22	$998M
Q4 22	$2.1B
Q2 23	$2.5B
Q4 23	$2.8B
Q2 24	$2.3B
Q4 24	$3.5B
Q2 25	$4.8B
Q4 25	$3.1B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 17	-39.0%	-36.8%
Q2 18	-32.8%	-13.5%
Q2 19	-11.6%	-2.2%
Q4 19	+34.8%	+9.4%
Q2 20	+1.6%	+72.8%
Q4 20	-29.1%	+8.1%
Q2 21	+10.8%	+21.3%
Q4 21	+70.6%	+7.1%
Q2 22	+204.7%	+72.9%
Q4 22	+550.1%	+228.7%
Q2 23	+195.5%	+153.4%
Q4 23	+47.9%	+244.2%
Q2 24	+3.1%	+7.1%
Q4 24	-34.7%	-8.6%
Q2 25	-11.1%	-5.0%
Q4 25	-3.0%	-19.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 17	$0	0.0%
Q2 18	$0	0.0%
Q2 19	$0	0.0%
Q4 19	$21M	0.8%
Q2 20	$0	0.0%
Q4 20	$19M	1.1%
Q2 21	$0	0.0%
Q4 21	$12M	0.3%
Q2 22	$0	0.0%
Q4 22	$26M	0.2%
Q2 23	$0	0.0%
Q4 23	$39M	0.6%
Q2 24	$0	0.0%
Q4 24	$23M	0.3%
Q2 25	$0	0.0%
Q4 25	$20M	0.3%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q2 17	$48M	$58M	—
Q2 18	$46M	$93M	—
Q2 19	$28M	$64M	—
Q4 19	$52M	$54M	—
Q2 20	$44M	$39M	—
Q4 20	$146M	$40M	—
Q2 21	$68M	$34M	—
Q4 21	$90M	$23M	—
Q2 22	$542M	$43M	—
Q4 22	$249M	$263M	—
Q2 23	$237M	$137M	—
Q4 23	$216M	$146M	—
Q2 24	$214M	$103M	—
Q4 24	$231M	$225M	—
Q2 25	—	—	$261M
Q4 25	$221M	$100M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 18	$1.1B	$14M	$1.1B
Q4 18	$1.7B	$54M	$1.7B
Q2 19	$3.0B	$61M	$3.1B
Q4 19	$4.1B	$28M	$4.1B
Q2 20	$4.5B	$86M	$4.5B
Q4 20	$3.6B	$172M	$3.8B
Q2 21	$2.9B	$120M	$3.1B
Q4 21	$3.0B	$320M	$3.3B
Q2 22	$4.6B	$493M	$5.1B
Q4 22	$6.2B	$677M	$6.9B
Q2 23	$3.5B	$373M	$3.8B
Q4 23	$1.7B	$209M	$1.9B
Q2 24	$2.0B	$154M	$2.1B
Q4 24	$3.9B	$185M	$4.1B
Q2 25	$4.9B	$0	$4.9B
Q4 25	$5.7B	$229M	$5.9B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 17	866M	+4.5%	+5.4%
Q2 18	908M	+4.8%	+10.1%
Q2 19	935M	+3.0%	+13.6%
Q4 19	937M	+0.2%	+13.0%
Q2 20	946M	+1.0%	+9.2%
Q4 20	956M	+1.0%	+5.3%
Q2 21	961M	+0.5%	+2.8%
Q4 21	983M	+2.3%	+4.9%
Q2 22	1.14B	+15.9%	+20.4%
Q4 22	1.91B	+67.7%	+99.8%
Q2 23	1.91B	-0.0%	+98.8%
Q4 23	1.90B	-0.7%	+93.0%
Q2 24	1.91B	+0.8%	+67.8%
Q4 24	1.91B	+0.1%	+0.2%
Q2 25	1.91B	-0.0%	+0.1%
Q4 25	1.91B	+0.1%	+1.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 17	—	—
Q2 18	—	—
Q2 19	—	—
Q4 19	—	—
Q2 20	—	—
Q4 20	—	—
Q2 21	—	—
Q4 21	—	—
Q2 22	—	—
Q4 22	$2M	4K
Q2 23	$2M	4K
Q4 23	$1M	5K
Q2 24	$1M	5K
Q4 24	$2M	5K
Q2 25	$1M	5K
Q4 25	$1M	5K

Revenue / Employee