Woodside Energy Cuts 2026 Production Ceiling Amid Scarborough Project Timeline

Key Facts

1Woodside Energy narrowed its 2026 production guidance to 174-181 million barrels of oil equivalent, cutting the previous top end of 185 million.

Woodside Energy narrowed its 2026 production guidance to between 174 and 181 million barrels of oil equivalent. Proactive Investors reported that the company cut the previous top end of 185 million barrels as the timeline for the first LNG delivery from its flagship Scarborough gas project tightens.

WDS closed at $23.71 on October 19, 2026, while the company reported liquidity of approximately $7.8 billion at the end of September. Despite the adjusted guidance, September-quarter production rose 12% to 46.2 million barrels of oil equivalent, and operating revenue increased to $4.28 billion supported by stronger realized LNG prices.