Woodside Energy Group (WDS) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional land custodians and confirmation of quorum.

• Board, executive team, and auditors present; shareholders invited to participate in Q&A and voting.

• Voting procedures and agenda items outlined, including director elections, remuneration, and constitutional amendments.

Financial performance review

• Reported full-year net profit after tax of $3.6 billion and underlying net profit of $2.9 billion.

• $1.22 per share dividend declared for 2024, at the top end of the payout range.

• Over $9.7 billion returned to shareholders as dividends since the 2022 merger.

• Strong balance sheet supports ongoing capital expenditure and shareholder rewards.

Board and executive committee updates

• Six directors appointed since 2020, balancing new expertise with continuity.

• Three directors (Ann Pickard, Ben Wyatt, Tony O'Neill) stood for (re-)election, each highlighting their experience and commitment to sustainability and governance.

• Board committed to improving diversity, with ongoing reporting and focus on gender and minority representation.