Woodside is an Australian oil and gas company focused on LNG production and export. Woodside produces natural gas, liquefies it into LNG, and sells it under long-term contracts primarily to Asian utilities and energy companies. LNG pricing is indexed to either oil benchmarks or gas hub prices, and Woodside actively manages its mix across both. The company also runs a marketing and trading operation that optimizes cargo placement globally. Woodside's Australian asset base includes North West Shelf, a legacy LNG facility it is working to extend and backfill with new gas resources; Pluto LNG, which it is expanding via the Scarborough development targeting first LNG in H2 2026; and Bass Strait, a mature gas and oil region where Woodside is taking over operatorship from ExxonMobil. Outside Australia, Woodside produces oil at Sangomar in Senegal and holds non-operating interests in deepwater U.S. Gulf of Mexico fields. Woodside is in a major capital investment phase, with its Louisiana LNG project in the U.S. Gulf Coast (FID taken April 2025, first LNG targeted 2029) and Trion deepwater oil in Mexico (first oil targeted 2028) as key growth projects. Woodside's typical approach is to sell down equity stakes in projects to share capital costs and manage balance sheet gearing while retaining economics. Management targets roughly 4–5% compound annual production growth through 2030.