Morningstar

Woodside Energy Group Ltd

WDS: XASX (AUS)

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Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Woodside Energy's Pluto Project Back Online After Maintenance

Oct 21, 2026

Business Strategy and Outlook

As Australia’s premier oil player, Woodside Energy operates in liquid natural gas, natural gas, condensate, and crude oil. However, LNG interests in the North West Shelf Joint Venture, and Pluto offshore Western Australia are the mainstay, and the low-cost advantage of these assets forms the foundation for Woodside. Future LNG development, particularly relating to the Pluto project, encompasses a material percentage of this company's hydrocarbon production volumes.

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