Woodside Energy Group stock closed at AUD 31.240 as earnings rise

Published on 10/07/2026 at 02:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Woodside Energy Group stock delivered USD 1.334 billion in underlying first-half profit, up 7 percent on 2025. Scarborough was 98 percent complete, while 2026 production guidance stayed at 174-185 MMboe.

Woodside, AU0000224040, Illustration mit AI erstellt.

Woodside Energy Group (ISIN AU0000224040) closed at AUD 31.240 on the ASX on October 6, 2026, after a 0.06 percent daily gain. The company delivered USD 1.334 billion in underlying first-half net profit, up 7 percent from the prior corresponding period, according to Motley Fool Australia in its September 29, 2026 report.

Revenue rises as volumes fall

Woodside's operating revenue reached USD 7.446 billion for the six months ended June 30, 2026, an increase of 13 percent year over year. The result came even as first-half production declined 13 percent to 86.5 million barrels of oil equivalent, according to TAMIM Asset Management in its September 9, 2026 analysis.

The contrast points to price rather than volume as the main earnings driver. Woodside's average realized price increased 20 percent to USD 74.0 per barrel of oil equivalent, while statutory net profit after tax rose 27 percent to USD 1.672 billion in the same half-year period, according to TAMIM Asset Management.

Scarborough becomes the next test

Scarborough was 98 percent complete at the half-year stage and remained on track for first LNG cargo in the fourth quarter of 2026. Woodside reaffirmed full-year production guidance of 174-185 million barrels of oil equivalent and kept capital expenditure guidance at USD 4.0-4.5 billion, according to TAMIM Asset Management.

That creates a clear operating checkpoint for investors. The first-half earnings increase was supported by higher realized prices, while Scarborough offers the prospect of additional production capacity once the project reaches first cargo.

Red Leaf Securities analyst John Athanasiou held a Buy view on Woodside in the September 29, 2026 report published by Motley Fool Australia. The same report identified lower crude oil prices after an easing of geopolitical tensions as a key risk to cash flow and dividends.

Stock stays below yearly high

Woodside stock closed at AUD 31.240 on October 6, 2026, with a session range of AUD 30.870 to AUD 31.340 and volume of 3.78 million shares. The close was 12.8 percent below the 52-week high of AUD 35.820 and 42.3 percent above the low of AUD 21.960.

For investors, the central reading is a combination of stronger realized prices, lower production and a major project nearing completion. The next phase of the story depends on whether Scarborough adds volume without eroding the cash generation that supported the first-half result.