Worley renews CNOOC framework and Worley stock gains 1.72 percent

Published on 10/02/2026 at 18:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY2026 revenue reached AUD 12.00 billion, up 2.30 percent. Worley stock costs EUR 5.90 on October 2, 2026 after EUR 5.80, plus 1.72 percent.

Worley, AU000000WOR2, Illustration mit AI erstellt.

Worley (ISIN AU000000WOR2) was trading at EUR 5.90 at Lang & Schwarz on October 2, 2026 at 6:03 p.m. CEST, plus 1.72 percent versus the prior close of EUR 5.80. IndexBox reported on September 28, 2026 that Worley renewed a five-year engineering, procurement and construction framework agreement with CNOOC International's UK business.

CNOOC renewal extends project access

The renewed arrangement covers offshore activities on the UK Continental Shelf and includes the Scott, Buzzard and Golden Eagle fields. Worley's scope spans engineering, procurement, construction, commissioning, completions and decommissioning services, giving the group a broad role across the project life cycle.

The renewal adds commercial visibility to a business that is rebuilding its earnings profile after a difficult fiscal year. It also reinforces Worley's exposure to energy infrastructure, where large projects can move from early engineering work into higher-volume delivery phases.

FY2026 earnings show the challenge

In the earnings call published on August 26, 2026, Yahoo Finance reported management's FY2026 figures: aggregated revenue was AUD 12.00 billion, broadly in line with FY2025, while constant-currency revenue reached AUD 12.30 billion, an increase of 2.30 percent. Underlying EBITA fell from AUD 823.00 million to AUD 734.00 million, a decline of 10.81 percent.

The operating backdrop was mixed. Bookings reached AUD 15.50 billion and backlog stood at AUD 13.80 billion at June 30, 2026, with more than 62.00 percent expected to be delivered during FY2027. That backlog provides a measurable bridge between contract wins such as CNOOC and future revenue, although project timing remains important.

Analyst target remains above market

MarketScreener lists an average target of AUD 11.67 from 10 analysts and an average recommendation of Outperform. That estimate belongs to the ASX quotation, not the euro reference price, but it highlights the gap between expectations for Worley's project pipeline and the weaker FY2026 earnings result.

Worley stock trades after Xetra close

Worley stock was trading at EUR 5.90 at Lang & Schwarz on October 2, 2026 at 6:03 p.m. CEST, in after-hours trading, plus 1.72 percent against the Lang & Schwarz prior close of EUR 5.80 dated October 1, 2026. The company's primary listing is on the ASX under ticker WOR.AX, where finance data showed market capitalization of AUD 4.8 billion as of October 2, 2026.