Woodside Energy Ltd – H1 2026 Financial Results
Woodside Energy Ltd (ASX:WDS) reported that underlying profit for the first half of 2026 increased 7% year‑on‑year to US$1.33 billion, reflecting the impact of higher realised oil prices and robust domestic demand. Operating revenue for the period rose 14% to US$7.45 billion. Production volumes declined to 86.5 million barrels of oil equivalent (boe) compared with 99.2 million boe in the same period a year earlier, indicating softer output that was more than offset by price gains. The company achieved an average realised oil price of US$74 per boe, up sharply from US$61.7 per boe a year earlier. The price uplift is attributed to a sharp rise in global oil prices following supply disruptions linked to the U.S.–Iran conflict, which constrained shipping through the Strait of Hormuz. Woodside declared an interim dividend of 57 cents per share, up from 53 cents per share in H1 2025. Market reaction showed Woodside shares up 1.52% and the LCO benchmark up 0.23% on the day of the release.