Woodside Energy Group (WDS) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional land custodians and confirmation of quorum; all board members and auditors present.

• Agenda included financial and sustainability reports, director elections, remuneration, and shareholder proposals.

Financial performance review

• Achieved record annual production in 2025, exceeding guidance, with strong operational and financial results.

• Returned approximately AUD 12 billion in dividends since the BHP petroleum merger, maintaining a strong balance sheet.

• Paid AUD 2 billion in Australian taxes in 2025, with an effective tax rate of 44%.

• Significant investments in major projects, including Scarborough Energy Project and Beaumont New Ammonia.

Board and executive committee updates

• Liz Westcott appointed CEO and Managing Director, following Meg O’Neill’s departure.

• Mark Cutifani elected as a new director; four directors re-elected; Ian Macfarlane retired.

• Board composition now 40% female, moving to 60/40 male/female split after the meeting.