Woodside Targets 12-15% Return on Average Capital Employed by Mid-2030s

• Woodside Energy expects more than US$40 billion in adjusted operating cash flow over 2027-2032, supported by committed projects and its base business.
• Sales volumes are forecast to rise more than 30% to approximately 280 million barrels of oil equivalent in 2032.
• Portfolio return on average capital employed is targeted at 12-15% by the mid-2030s, supported by project delivery, cost reductions and portfolio management.
• Annual structural cost reductions are targeted at US$400 million from 2028 through improved operational efficiency and productivity.
• A new distribution policy allocates 20% of adjusted operating cash flow to base dividends, with up to 20% more for dividends or buybacks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Woodside Energy Group Ltd. published the original content used to generate this news brief on November 04, 2026, and is solely responsible for the information contained therein.