Woodside Energy Sees 50% Growth in Oil and Gas Sales by 2032

Woodside Energy expects a 50% increase in sales of crude oil and natural gas by 2032, driven by growing demand for energy in Asia. Sales are projected to reach 300 million barrels of oil equivalent in 2032, with net operating cash flow increasing to $9 billion. The company plans to add 40 million tons in annual LNG production capacity, with 8 million tons from the Scarborough facility in 2026 and 16.5 million tons from the Louisiana LNG plant between 2029 and 2031.