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Woodside Petroleum
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2023 Investor Briefing Day
| Meg O'Neill | Page 1 of 11 |
September 11, 2026
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Page 1 of 3 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 Wednesday, 8 November 2023 INVESTOR BRIEFING DAY 2023 Woodside CEO Meg O’Neill today outlined the company’s strategy to continue to thrive through the energy transition by supplying affordable, reliable and lower carbon energy to a world that needs it. “Woodside has a high quality global portfolio with low cost and high margin operating assets. We have three world-class projects in execution in Australia, Senegal and Mexico. The combination of the strong base business and these new investments will generate strong future cash flows and returns for our shareholders across the price cycle. “The world’s demand for Woodside’s products is expected to be resilient in the coming decades as populations and economies grow, with our target markets in Asia driving primary energy demand. “Growth in demand for LNG in particular is expected to continue as buyers seek to secure supplies to support renewables in the power mix as they decarbonise. Woodside’s LNG-weighted portfolio is well suited to capitalise on that demand. “Woodside’s strategy is value focused and underpinned by our disciplined approach to capital management. We have both organic and inorganic growth opportunities that we are looking to progress and in new energy, we’re aiming to develop projects that we can scale up in line with customer demand. “Our balance sheet remains strongly positioned to deliver both growth and returns. We maintained our dividend payout ratio at 80% in the first half of this year and have now returned a total of $6.3 billion to shareholders since our merger with BHP Petroleum. “Woodside is executing three major projects: Sangomar in Senegal, Scarborough in Australia and Trion in Mexico. Sangomar is targeting first oil in mid-2024 and will produce a crude that is well suited to European refineries. “The recent sell down of a 10% non-operating interest in Scarborough to LNG Japan demonstrated the value of the project to our customers. 1 Once operational, Scarborough would be among the lowest carbon intensity sources of LNG when delivered into north Asia. 1 Subject to completion of the transaction, expected in Q1 2024.