Woodside Energy Group Ltd · ASX:WDS
Woodside Energy — Investor Day (November 2023)
87 slides from Woodside Energy's investor day presentation, Nov 8, 2023
Slide 1: Investor Briefing Day 2023 announcement
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 For personal use only Wednesday, 8 November 2023 INVESTOR BRIEFING DAY 2023 Woodside CEO Meg O’Neill today outlined the company
Slide 2: Announcement (continued)
“Execution of Scarborough is progressing, with construction of the floating production unit 50% complete and fabrication of the subsea flowlines and trunkline complete. Fabrication of the Pluto Train 2 modules in Indonesia and site works in Karratha are progressing well. We continue to engage with t
Slide 3: Forward looking statements
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, statements regarding development, completion and executio
Slide 4: Investor Briefing Day 2023
For personal use only INVESTOR BRIEFING DAY 2023 8 November 2023 www.woodside.com investor@woodside.com
Slide 5: Welcome
For personal use only WELCOME Matthew Turnbull Vice President Investor Relations
Slide 6: Disclaimer, important notes and assumptions
Disclaimer, important notes and assumptions Information capacity and investments in, and development of, renewables projects, expectations and guidance with respect to • This presentation has been prepared by Woodside Energy Group Ltd (“Woodside”). production, investment expenditure and gas hub expo
Slide 7: Disclaimer, important notes and assumptions (continued)
Disclaimer, important notes and assumptions (continued) Notes to petroleum resource estimates (continued) and support Woodside’s current position in relation to these opportunities, or such commercial arrangements and • Woodside reports its petroleum resource estimates inclusive of all fuel consumed
Slide 8: Evacuation route
Evacuation route For personal use only Follow directions of emergency wardens Do not use lifts Leave by the nearest fire exit stairs Evacuate to an assembly point, north of Crown Sydney at the Barangaroo Reserve, or south of Crown Sydney at the Barangaroo Wharf Promenade 5
Slide 9: Introduction and welcome
Introduction and welcome Overview Meg O’Neill, CEO and Managing Director For personal use only Finance Graham Tiver, CFO and Executive Vice President Marketing and trading Mark Abbotsford, Executive Vice President Marketing and Trading Projects Matthew Ridolfi, Executive Vice President Projects Inte
Slide 10: Overview
For personal use only OVERVIEW Meg O’Neill Chief Executive Officer and Managing Director
Slide 11: Thrive through the energy transition
Thrive through the energy transition 1 2 3 For personal use only PROVIDE ENERGY FOR CREATE AND RETURN CONDUCT OUR BUSINESS FUTURE DEMAND VALUE SUSTAINABLY OPTIMISE VALUE AND SHAREHOLDER RETURNS 8
Slide 12: Providing the energy the world needs
Providing the energy the world needs For personal use only Energy demand Value Sustainable business Energy demand Energy supply Population Affordable Expected to increase by ~2 billion Required for equitable and stable by 20501 energy transition LIGHTS HEATING/ DEVICES COOLING GDP Reliable Expected
Slide 13: Oil and gas demand resilient for decades
Oil and gas demand resilient for decades Energy demand Value Sustainable business Asia Pacific - primary energy demand (mtoe)1 North America - primary energy demand (mtoe)1 8,000 8,000 For personal use only 4,000 4,000 0 0 2023 2030 2040 2050 2023 2030 2040 2050 Europe - primary energy demand (mtoe)
Slide 14: Investment needed to meet future gas and oil demand
Investment needed to meet future gas and oil demand Energy demand Value Sustainable business Global gas demand and supply (Mtpa)1 Global oil demand and supply (MMbbl/d)1 5,000 120 For personal use only 4,000 100 80 3,000 60 2,000 40 1,000 20 0 0 2023 2030 2040 2050 2023 2030 2040 2050 Onstream suppl
Slide 15: Positioning for success in growing hydrogen and CCS markets
Positioning for success in growing hydrogen and CCS markets Energy demand Value Sustainable business Low carbon hydrogen demand outlook (Mtpa)1 225 For personal use only Other 150 Steel Power Policy maturing in key markets 75 Transport Ammonia 0 US Inflation Reduction Act is a global catalyst 2023 2
Slide 16: High-performing global business
High-performing global business Energy demand Value Sustainable business SAFE LOW COST HIGH MARGIN For personal use only Refocusing on safety Portfolio cash flow breakeven ~80% cash margin fundamentals oil price of ~$32/bbl2 maintained for last 5 years3 RELIABLE VALUE FOCUSED LOWER CARBON Outstandin
Slide 17: Executing major projects to deliver future value
Executing major projects to deliver future value Energy demand Value Sustainable business Production profile with sanctioned projects (MMboe)1 Potential future For personal use only GAS 225 growth projects, Scarborough Trion tiebacks, inorganic Sangomar and new energy ▪ Scarborough providing lower c
Slide 18: Portfolio of quality investment opportunities
Portfolio of quality investment opportunities Energy demand Value Sustainable business Oil Gas New energy Exploration For personal use only Inorganic and organic opportunities North America & Caribbean Scaling opportunities with market Gulf of Mexico tiebacks demand LNG Africa Liard Senegal Calypso
Slide 19: Disciplined capital allocation
Disciplined capital allocation Energy demand Value Sustainable business OIL GAS NEW ENERGY For personal use only OFFSHORE PIPELINE LNG DIVERSIFIED Generate high returns to fund New energy products and lower Leveraging infrastructure to monetise undeveloped FOCUS diversified growth, focusing on gas,
Slide 20: Ongoing commitment to shareholder returns
Ongoing commitment to shareholder returns Energy demand Value Sustainable business Dividends paid 300 100% For personal use only 92% 80% 81% 81% 80% Dividend payout ratio (% of underlying NPAT) 75% 200 US cents per share (cps) Balance sheet positioned to deliver growth and returns 144 50% $6.3 billi
Slide 21: Pathway to net zero aspiration by 2050
Pathway to net zero aspiration by 20501 Energy demand Value Sustainable business Indicative Scope 1 and 2 emissions profile (annual average, Mtpa CO2-e)2 8 For personal use only 2016-2020 baseline1 6 Progressing ~28 million tonnes cumulative design out and operate out Scope 1 and 2 emissions reducti
Slide 22: Prioritising largest emission sources using lowest cost of abatement
Prioritising largest emission sources using lowest cost of abatement Energy demand Value Sustainable business Abatement options for typical Marginal Scope 1 and 2 abatement cost curve LNG emissions sources1 For personal use only Carbon price Large scale abatement | Creating options2 (US$/t) ▪ Explor
Slide 23: The investment case – a global energy supplier
The investment case – a global energy supplier HIGH QUALITY DISCIPLINED CAPITAL POSITIONED FOR THE For personal use only PORTFOLIO MANAGEMENT ENERGY TRANSITION Advantaged locations and markets Resilient cash flow On track to deliver net emissions Conventional asset base Committed to shareholder retu
Slide 24: Finance
For personal use only FINANCE Graham Tiver Chief Financial Officer and Executive Vice President
Slide 25: Disciplined capital management
Disciplined capital management 1 2 3 For personal use only EXECUTING MAJOR RESILIENT THROUGH THE SUPPORTING DIVIDENDS CAPITAL INVESTMENT PRICE CYCLE AND GROWTH Safe, Special dividends Strong Dividend reliable and Investment policy balance Share buy-backs low cost expenditure (minimum 50% sheet opera
Slide 26: Executing major capital projects delivering future cash flows
Executing major capital projects delivering future cash flows Forecast capital expenditure ($ billion)1 For personal use only 6 2023 capital expenditure of $5.7-$6.0 billion 4 Capacity for future Maximising production from existing facilities growth projects, tiebacks, inorganic and new energy oppor
Slide 27: Strong liquidity supporting major capital investment and shareholder returns
Strong liquidity supporting major capital investment and shareholder returns Continuing strong liquidity ($ billion) 12.0 10.2 For personal use only 9.0 8.1 7.0 6.7 6.1 Liquidity in line with planned capital expenditure 6.0 Liquidity Undrawn facilities 3.0 Cash Credit ratings of BBB+ and Baa11 0.0 2
Slide 28: Highly cash-generative business
Highly cash-generative business Forecast production (RHS) and free cash flow (LHS)1,2 10 250 For personal use only 8 Production (RHS) $90 200 6 150 Resilient cash flow profile from global asset portfolio $70 $ billion MMboe 4 100 Estimated $58 million movement in free cash flow per $1 movement in Br
Slide 29: Strong capacity for returns and investment
Strong capacity for returns and investment Cash generation and uses (2024 – 2028)1 For personal use only $50/bbl $70/bbl 30 30 Available cash for investment, financing 25 25 or additional returns 20 20 Underlying dividend at 80%2 15 15 10 10 Investing cash outflow3 5 5 0 0 Cash flow from $50 Brent C
Slide 30: Significant contributor to the Australian economy
Significant contributor to the Australian economy TAX PAID RECORD H1 TAX For personal use only PAID More than A$18 billion Record A$3.7 billion paid in Australian tax paid in Australian tax and royalties since and royalties in Among Australia’s leading tax payers 20113 H1 2023 Australia’s largest pa
Slide 31: Marketing and Trading
For personal use only MARKETING AND TRADING Mark Abbotsford Executive Vice President Marketing and Trading
Slide 32: Cost competitive portfolio positioned to navigate volatility
Cost competitive portfolio positioned to navigate volatility Global LNG prices, 2018 to year-to-date 2023 (nominal) For personal use only 80 Nordstream offline US declares national Russia invades Middle East emergency for Ukraine conflict Market volatility remains elevated 60 COVID-19 Recovery from
Slide 33: Value-led marketing and trading strategy
Value-led marketing and trading strategy For personal use only SCALE AND FLEXIBILITY ADAPTABLE, RESILIENT AND MEETING CUSTOMERS’ RESPONSIVE EVOLVING REQUIREMENTS Evaluating opportunities to build Contract positions balance upside Reliable and experienced energy global scale including cost- exposure
Slide 34: LNG supports customer and country decarbonisation goals
LNG supports customer and country decarbonisation goals China Japan Other (12%) Other (11%) China has signed up to 25 Scarborough sell-down Coal (29%) LNG contracts since the reiterates the ongoing need For personal use only start of 2022 delivering for gas in supporting Japan’s Coal (63%) over 31 M
Slide 35: Increasing price index diversification and gas hub exposure
Increasing price index diversification and gas hub exposure NEAR-TERM (2024-2025) For personal use only Produced total portfolio1 ▪ Leverage flexibility in base portfolio to maximise value ▪ Retain uncommitted production to de-risk operations and access spot ~20% ~70% ~10% market ▪ Low volatility sa
Slide 36: Delivering gas supply to the Australian energy market
Delivering gas supply to the Australian energy market WESTERN AUSTRALIA East coast Australia For personal use only ▪ Meeting Woodside’s domestic gas commitments Bass Strait ▪ Increasing demand for gas expected from 20241 ▪ Woodside’s market share ~22%2 EAST COAST AUSTRALIA ▪ 100% delivered to domest
Slide 37: Projects
For personal use only PROJECTS Matthew Ridolfi Executive Vice President Projects
Slide 38: Investing in world class developments to deliver enduring value
Investing in world class developments to deliver enduring value For personal use only SAFE LOW COST MAXIMISE VALUE LOWER CARBON No high consequence Utilising design and High quality portfolio Design out injuries in 2023 technology Scope 1 and 2 emissions Disciplined capital Design in safety Industry
Slide 39: Three world-class projects in execution
Three world-class projects in execution SANGOMAR1 SCARBOROUGH2 TRION3 For personal use only Among the lowest carbon Oil grade well suited for Expected carbon intensity intensity projects for LNG European refineries of 11.8 kg CO2-e/boe landed in north Asia ADVANTAGES ~$11/boe breakeven <$50 cost of
Slide 40: Sangomar delivering production and cash flow from 2024
Sangomar delivering production and cash flow from 2024 DRILLING For personal use only ▪ 14 out of 23 Phase 1 development wells completed1 ▪ All remaining well drilling operations commenced SUBSEA ▪ Progressing subsea installation ▪ Overall subsea scope 96% complete1 FPSO ▪ Topsides integration and p
Slide 41: Scarborough – new LNG supply to meet North Asian demand
Scarborough – new LNG supply to meet North Asian demand PLUTO TRAIN 2 For personal use only ▪ Site construction works started ▪ Module fabrication in Batam, Indonesia at peak activity TRUNKLINE AND SURF ▪ Installation of nearshore trunkline commenced ▪ Subsea trees delivered and in warehouse ▪ Fabri
Slide 42: Environmental approvals uncertainty impacting all offshore activity
Environmental approvals uncertainty impacting all offshore activity Indicative environmental plan (EP) consultation area For personal use only Extensive consultation has occurred and remains ongoing Pluto platform North West Scarborough field Shelf Environmental approvals process imposing significan
Slide 43: Trion – lower carbon intensity oil project with <4 year payback
Trion – lower carbon intensity oil project with <4 year payback REGULATORY For personal use only ▪ Field development plan approved ▪ Positive relationship with PEMEX and regulator CONTRACTING ▪ Key contracts awarded ▪ Manufacturing and yard slots secured for facility fabrication EXECUTION ▪ Detailed
Slide 44: Fulfilling decommissioning commitments
Fulfilling decommissioning commitments Indicative decommissioning spend and near-term decommissioning activities1,2 1.0 For personal use only Managing cost through competitive tendering $ billion 0.5 and optimised scheduling of activities Continuing engagement with regulators on 0.0 2023 2024 2025 r
Slide 45: International Operations
For personal use only INTERNATIONAL OPERATIONS Shiva McMahon Executive Vice President International Operations
Slide 46: Efficient and sustainable International operations
Efficient and sustainable International operations For personal use only SAFE LOW COST MAXIMISE VALUE LOWER CARBON No high consequence Unit production cost ~98% reliability at Shenzi2 Lower carbon intensity injuries in 2023 <$10/boe1 basin (GoM) Developing infill and Learn from organisational Managi
Slide 47: Optimising for low cost, reliable operations
Optimising for low cost, reliable operations MANAGING COST For personal use only ▪ Zero base cost management and owners’ mindset driving healthy challenge ▪ Collaboration with suppliers and third parties ▪ Shared resources across regional hubs TARGETING RELIABILITY ▪ Disciplined and proactive defect
Slide 48: High quality Gulf of Mexico oil assets
High quality Gulf of Mexico oil assets Gulf of Mexico (GoM) reserves and resources1 For personal use only Large, long-life assets Produced 2P reserves 2C contingent resources 461 MMboe 484 MMboe 472 MMboe Mad Dog Phase 2 delivered and ramping up Near-field expansion opportunities with Mad Dog and At
Slide 49: Maximising value from Trinidad and Tobago assets
Maximising value from Trinidad and Tobago assets ANGOSTURA AND RUBY For personal use only ▪ Focused on personal and process safety ▪ Optimisation of maintenance program ▪ Maximising recovery of remaining reserves CALYPSO ▪ Advantaged region with existing infrastructure and industry Trinidad & Tobago
Slide 50: Focused implementation of Scope 1 and 2 emissions reduction opportunities
Focused implementation of Scope 1 and 2 emissions reduction opportunities 2023 oil emissions intensity2 kgCO2-e/boe For personal use only Global oil average 23 Global deepwater 16 Gulf of Mexico contributes ~6% of Scope 1 & 21 Woodside 10 Gulf of Mexico3 Emissions sources well understood Example ass
Slide 51: Disciplined delivery of production opportunities
Disciplined delivery of production opportunities Production (MMboe)1 OPERATIONAL PERFORMANCE For personal use only 225 Woodside total ▪ Maintain high facility reliability International operations ▪ Continue decarbonisation plans 150 MAXIMISING VALUE Australian 75 operations ▪ Continued optimisation
Slide 52: Australian Operations
For personal use only AUSTRALIAN OPERATIONS Liz Westcott Executive Vice President Australian Operations
Slide 53: Unsatisfactory 2023 safety performance
Unsatisfactory 2023 safety performance For personal use only STEPPING IN STEPPING BACK Learning from recent incidents 2023 REFLECTION External assessment of our Focusing on safety operational safety systems Tragic death of a colleague at fundamentals the North Rankin Complex Collaborating with indus
Slide 54: Efficient and sustainable Australian operations
Efficient and sustainable Australian operations For personal use only SAFE LOW COST MAXIMISE VALUE LOWER CARBON Refocusing on safety Unit production cost ~98% LNG reliability2 Implementing asset fundamentals ~$8.6/boe1 decarbonisation initiatives Developing infill and (Pluto and KGP) External assess
Slide 55: Driving cost efficiencies
Driving cost efficiencies LEVERAGING TECHNOLOGY For personal use only ▪ Cost effective corrosion management ▪ Satellite, aerial and drones for emissions monitoring ▪ Autonomous inspections of hazardous areas OPERATING MODEL ▪ Implemented a simpler, asset-based operating model ▪ Integrating and harmo
Slide 56: Maximising value through reliable and efficient asset management
Maximising value through reliable and efficient asset management Production (MMboe)2 OPERATIONAL PERFORMANCE For personal use only 225 ▪ Maintain high facility reliability Woodside total ▪ Improve maintenance efficiency to reduce International turnaround duration operations 150 ▪ Track record of inc
Slide 57: Pluto remote operations centre
Pluto remote operations centre For personal use only Pluto facility now fully operated from Perth 100% remotely operated LNG plant Enables future integration of Scarborough Consolidated and Remote collection Enhanced decision DELIVERING VALUE Improved safety integrated and interpretation of making a
Slide 58: Implementing asset decarbonisation plans
Implementing asset decarbonisation plans EFFICIENT POWER PLUTO SOLAR TARGETING DELIVERED FID 2023 GENERATION IMPORT For personal use only Optimising power generation at KGP and Pluto LNG Utilising solar energy to reduce fuel gas consumption for electrical power generation Delivered emissions reducti
Slide 59: Decarbonising Pluto and Scarborough Scope 1 and 2 emissions
Decarbonising Pluto and Scarborough Scope 1 and 2 emissions Pluto Train 1 (delivered) Pluto/Scarborough offshore (in execute) Efficiency Efficiency ▪ Waste heat recovery on gas turbine For personal use only ▪ High efficiency air filters installed on gas turbines ▪ Flow coated trunkline to reduce rou
Slide 60: Technology Deployment
For personal use only TECHNOLOGY DEPLOYMENT Daniel Kalms Executive Vice President Technical Services
Slide 61: Deploying technology across our portfolio
Deploying technology across our portfolio For personal use only SAFE LOW COST MAXIMISE VALUE LOWER CARBON Autonomous Integrity management Digital strategies driving Protects base business inspections, crewless enabling older facilities increased production, and supports customer deployment reduces t
Slide 62: Driving safer outcomes through drones and robotics
Driving safer outcomes through drones and robotics DRONES ROBOTICS For personal use only ▪ Mitigate work over the side risk to ▪ Mitigate confined space entry risk ▪ Mitigate hazardous area inspections personnel ▪ Reduce duration of vessel inspection ▪ Reduce time for inspection by ~90% ▪ Reduce tim
Slide 63: Driving lower cost through applied technology
Driving lower cost through applied technology 3D PRINTING ONLINE MONITORING IoT SENSORS For personal use only ▪ $12 million saving on obsolete subsea part ▪ Online humidity under insulation ▪ ~$600 wireless IoT sensors (versus purchase of new model) (versus stripping insulation and (versus ~$12,000
Slide 64: Driving value through digitalisation
Driving value through digitalisation DELIVERED OPTIMISATION FUTURE FOCUS ▪ Lifted nameplate capacity at Pluto LNG through a range of ▪ Machine learning and AI For personal use only asset and digital optimisations ▪ End to end optimisation to maximise value ▪ Improved asset energy efficiency ▪ Optimi
Slide 65: Assessing technologies to reduce Scope 1 and 2 carbon emissions
Assessing technologies to reduce Scope 1 and 2 carbon emissions Marginal Scope 1 and 2 abatement cost curve Carbon For personal use only price (US$/t) Large scale abatement | Creating options1 DEVELOP & ASSESS | >$80/t CO2-e Exploring a range of technology ▪ Exploring technology with an aim to reduc
Slide 66: Vision for Pluto net zero
Vision for Pluto net zero Woodside Scope 1 and 2 emissions Abatement options for typical LNG Possible implementation timeframe (LNG/non LNG)1 emissions sources2 Pre-2030 Post-2030 100 For personal use only Post combustion capture + carbon sequestration Mechanical Electrification ~50% drives 75 H2 fu
Slide 67: New Energy
For personal use only NEW ENERGY Shaun Gregory Executive Vice President New Energy
Slide 68: Value focused new energy and lower carbon services strategy
Value focused new energy and lower carbon services strategy For personal use only CUSTOMER COLLABORATION NEW ENERGY INTEGRATED CARBON SOLUTIONS Working with customers to catalyze Targeting hydrogen, ammonia and Developing carbon credits, CCS and carbon demand and develop the value chain for emerging
Slide 69: Strategically located to serve growing markets
Strategically located to serve growing markets Woodside new energy portfolio and potential trade flows2 APAC Europe ▪ Collaborations in hydrogen and carbon value chain For personal use only between Japan, Korea, Singapore and Australia1 Multiple targets across APAC ▪ Building opportunities to delive
Slide 70: Hydrogen and ammonia solutions
Hydrogen and ammonia solutions NEW ENERGY STRATEGY Develop new energy solutions to assist our customers with their decarbonisation pathways1 For personal use only INDUSTRIALS HEAVY DUTY SHIPPING AND POWER AND TRANSPORT AVIATION CHEMICALS Decarbonise mobility Decarbonise coal- Decarbonise Provide low
Slide 71: Aligning H2OK with market demand
Aligning H2OK with market demand LAND, POWER Purchased 94 acres of land in Ardmore, Oklahoma For personal use only & WATER Power and water supply terms finalised ENGINEERING Technical work progressing with ongoing design optimisation DESIGN Estimated capital expenditure range of US$0.8-$1.0B Working
Slide 72: Portfolio of new energy opportunities
Portfolio of new energy opportunities H2OK ▪ Targeting up to 60 tpd of liquid hydrogen ▪ Leverages existing transport network For personal use only ▪ Centrally located for US truck market Heliogen Southern Green Hydrogen ▪ Proposal for renewable ammonia ▪ Initial 5 MW concentrated solar production f
Slide 73: Developing the integrated carbon solutions business
Developing the integrated carbon solutions business For personal use only ENABLE BASE BUSINESS SUPPORT GROWTH UNLOCK VALUE Today Tomorrow Future Leverage experience and capability CCS and carbon utilisation Exploring options to scale and grow developed since 2018 carbon solutions as a service Cost e
Slide 74: Integrated carbon solutions
Integrated carbon solutions CARBON SOLUTIONS Develop carbon solutions to enable our base business, support growth and deliver future value STRATEGY For personal use only CARBON CREDITS CARBON CAPTURE AND CARBON UTILISATION STORAGE (CCS) Originate carbon credits Invest in technologies to Secure high
Slide 75: Diverse portfolio of >20 million carbon credits
Diverse portfolio of >20 million carbon credits1,2 Woodside's portfolio by method6 Woodside's portfolio by geography6 For personal use only Geographically diverse portfolio Renewables, energy ~35% efficiency and waste management Australia Average cost of supply <$20/t3 ~50% Invested >$150 million wi
Slide 76: Assessing CCS opportunities
Assessing CCS opportunities Bonaparte CCS For personal use only Browse CCS Positioning to decarbonise operations Potential to store >3 Mtpa CO2 by 20301 Future growth projects with potential to store customer emissions Leveraging subsurface knowledge, advantaged asset base South East and full value
Slide 77: Close
For personal use only CLOSE Meg O’Neill Chief Executive Officer and Managing Director
Slide 78: Thrive through the energy transition
Thrive through the energy transition 1 2 3 For personal use only PROVIDE ENERGY FOR CREATE AND RETURN CONDUCT OUR BUSINESS FUTURE DEMAND VALUE SUSTAINABLY OPTIMISE VALUE AND SHAREHOLDER RETURNS 75
Slide 79: Distinctive investment differentiation
Distinctive investment differentiation 1 STRONG MARGIN 2 HIGH DIVIDEND YIELD 3 GAS WEIGHTED For personal use only EBITDA margin (%)1 Last 12 months yield2 % gas in portfolio3 80% 15% Dividend yield Buyback contribution 90% 60% 10% 60% 40% 5% 30% 20% 0% 0% 0% Dataset: Woodside versus industry peers (
Slide 80: The investment case – a global energy supplier
The investment case – a global energy supplier HIGH QUALITY DISCIPLINED CAPITAL POSITIONED FOR THE For personal use only PORTFOLIO MANAGEMENT ENERGY TRANSITION Advantaged locations and markets Resilient cash flow On track to deliver net emissions Conventional asset base Committed to shareholder retu
Slide 81: Break
For personal use only BREAK
Slide 82: Question & Answer
For personal use only QUESTION & ANSWER
Slide 83: Appendix
For personal use only APPENDIX
Slide 84: Glossary
Glossary $, $m, $B US dollar unless otherwise stated, millions of dollars, billions of dollars cps Cents per share 2P Proved plus Probable reserves To avoid, reduce or offset greenhouse gas emissions. It can apply to both the production Decarbonise and the use of products and services 2C Best Estima
Slide 85: Glossary
Glossary Wood Mackenzie defines low carbon hydrogen in its Q3 2023 Global Hydrogen Market Woodside has set its Scope 1 and 2 greenhouse gas emissions reduction targets on a net Tracker. There are three categories within the low carbon definition. Net greenhouse basis, allowing for both direct emissi
Slide 86: Glossary
Glossary Oil and gas joint venture participants will typically appoint one company as the operator, References to sustainability (including sustainable and sustainably) are used in the context which will hold the contractual authority to manage joint venture activities on behalf of the of Woodside’s
Slide 87: Head Office
Head Office: For personal use only Woodside Energy Group Ltd Mia Yellagonga 11 Mount Street Perth WA 6000 Postal Address: GPO Box D188 Perth WA 6840 Australia T: +61 8 9348 4000 F: +61 8 9214 2777 E: companyinfo@woodside.com Woodside Energy Group Ltd ABN 55 004 898 962 woodside.com