The Woodside Energy Group Ltd (ASX: WDS) share price is in the spotlight after reporting its 2025 second quarter production.
Woodside is a very large oil and gas producer in the Asia Pacific and North American regions.
Woodside 2025 second quarter
The business reported that in the three months to June 2025, it produced 50.1 million barrels of oil equivalent (MMboe), up 2% compared to the first quarter of 2025.
Woodside highlighted “exceptional performance” from the Sangomar project, contributing $510 million of revenue for the quarter.
The energy business also reported that it achieved a “strong” realised quarterly price of US$62 per barrel of oil equivalent (BOE) for produced LNG. Woodside said it benefited from diversified pricing and optimisation.
Woodside revealed that it sold 23.1% of produced LNG at prices linked to gas hub indices in the quarter.
In terms of customer contracts, the business entered into two sale and purchase agreements with Uniper for long-term supply of LNG.
The business decided that after its outstanding production performance, it updated its full-year production guidance to 188 MMboe to 195 MMboe
On the cost side of things, the company reduced its full-year unit production cost range to between $8 per BOE to $8.5 per BOE after strong production and cost performance in the first half of 2025.
Project progress and other financial highlights
Woodside said that the Scarborough project was 86% complete at the end of the quarter and remains on track for its first LNG cargo in the second half of 2026.
The Trion project was 35% complete and remains on track for first oil production in 2028.
The Beaumont ammonia project was 95% complete, with phase one of the project targeting first ammonia production from late 2025.
Woodside also noted that it completed the sale of a 40% interest in Louisiana LNG Infrastructure to Stonepeak, receiving US$1.9 billion.
After the quarter, the business completed the Greater Angostura assets sale for $259 million.
Final thoughts on the Woodside share price
Clearly, the business is performing strongly on the operational side of things. It can’t control energy prices, but it can control how much it produces.
The business has recovered since April, so I wouldn’t say it’s a cheap buy today. Ignoring any environmental thoughts, there are other ASX dividend shares I’d rather buy first.
