The Woodside Energy Group Ltd (ASX: WDS) share price is up 4% after providing its September 2025 quarter update.
Woodside is a major oil and gas business with projects around the world.
September 2025 quarter update
Let’s take a look at how the energy business performed in the three months to September 2025.
It delivered quarterly production of 50.8 million barrels of oil equivalent (MMboe), up 1% from the second quarter of 2025.
As a result of this, full-year 2025 production guidance has been revised to between 192 MMboe to 197 MMboe. This was an upgrade from prior guidance of between 188 MMboe to 195 MMboe.
It also changed its unit production cost has been positively changed to between 7.6 MMboe to 8.1 MMboe, down from between 8 MMboe to 8.5 MMboe.
Woodside highlighted continued exceptional performance from Sangomar, with US$477 million of revenue for the quarter produced. The company also noted it achieved “outstanding Pluto LNG reliability of 100% for the quarter”.
The energy business said it achieved an average realised quarterly price of US$60 for BOE for the quarter, which benefited from diversified pricing and optimisation. The price can affect the Woodside share price.
Project progress
The company said that the Scarborough energy project was 91% complete and is on track for the first LNG in the second half of 2026.
Woodside said the Beaumont New Ammonia project was 97% complete, with phase 1 targeting first ammonia production from late 2025.
The Trion project was 43% complete and it’s targeting first oil in 2028.
The Louisiana LNG project, comprising three trains, was 19% complete. Train 1 was 25% complete and is targeting the first LNG in 2029.
It also noted that it received the first environmental approval from the Australian government on the North West Shelf project extension, enabling continued operations beyond 2030.
Woodside also said it has agreed to assume operatorship of the Bass Strait assets, unlocking potential development of additional gas resources, with completion targeted in 2026.
Finally, the energy business noted it completed the divestment of the Greater Angostura assets, receiving cash of $259 million.
Final thoughts on the Woodside share price
The business says customer demand remains robust and it announced another sale agreement with PETRONAS and a heads of agreement with BOTAS to supply LNG.
I like to buy resource businesses when the price is low, rather than when investors are excited about the business. So, I think it’s a good idea to wait for a better price.
