Woodside Energy Reports 5% Drop in Q4 Production

Woodside Energy Group Ltd. (ASX: WDS) reported a 5% year-over-year decline in fourth-quarter production on January 28, 2026, primarily due to unplanned maintenance and field decline across its portfolio. The Australian energy producer's quarterly output fell to 47.1 million barrels of oil equivalent (MMboe) from 49.6 MMboe in the same period last year. Sales volume decreased 6% to 49.5 MMboe, while revenue dropped 18% to $3.08 billion amid lower realized prices. The company maintained its full-year production guidance of 185-190 MMboe. CEO Meg O'Neill cited "planned turnaround and maintenance activities" as contributing factors to the quarterly decline while emphasizing progress on key growth projects.