Woodside Energy Capital Markets Day 2026
Woodside Energy outlined its Capital Markets Day 2026 strategy, targeting a 12-15% return on average capital employed by the mid-2030s under a new capital framework. The company introduced a distribution policy of 20-40% of adjusted operating cash flow, prioritizing a 20% base dividend with up to 20% more available for additional dividends or buybacks, and is targeting US$400 million in annual structural cost reductions from 2028.
Key figures
- Guidance
- ROACE target 12-15% by mid-2030s; sales volume growth >30% to ~280 MMboe in 2032; >US$40B adjusted operating cash flow 2027-2032; US$400M annual structural cost reductions from 2028; distribution policy 20-40% of adjusted operating cash flow
- Roace target
- 12-15% by mid-2030s
- Volume growth
- >30%
- Trion first oil
- 2028
- Distribution policy
- 20-40% of adjusted operating cash flow (20% base dividend, up to 20% additional dividends/buybacks)
- Ghg intensity target
- 30% below 2025 baseline by 2035 (baseline 33.3 kg CO2-e/boe)
- Scarborough completion
- 99%
- Louisiana lng first lng
- 2029
- Sales volume 2032 mmboe
- 280
- Operating cash flow 2027 2032
- US$40 billion
- Shareholder returns since 2022
- nearly US$13 billion
- Annual cost reduction target usd
- 400000000
AI analysis
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