Woodside Fact Checker
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- 11.4 MTPA Project capacity LNG/LPG and domestic gas (100% of project)
- A$56.2 billion In taxes, royalties and excise estimated, including approximately A$19.8 billion in Petroleum Resource Rent Tax (PRRT).
- 4,760 Direct and indirect full-time equivalent jobs estimated at peak operations.
- A$141 billion Estimated uplift in Gross Domestic Product (GDP).
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FACT:
Our Contribution to Australia
Woodside has provided reliable and affordable energy to Australian homes and businesses for decades and we continue to deliver strong economic value and positive outcomes for our local communities. We're proud of the contributions we make to the place we call home.
Woodside is transparent about all of its business activities
Get the information on Woodside's key business activities, including its climate approach, the Scarborough project, Australian cultural heritage management, its tax contribution and more.
Taxes paid and benefits to the Australian economy
- ~A$2 billion Australian taxes, royalties and levies paid by Woodside in 2025
- 44% All-in effective tax rate in respect of Woodside's global profits (excluding exceptional items) in 2025
- >A$42 billion Federal royalties and excise paid by the Woodside-operated North West Shelf Project since starting production to 2025 (100% venture)
- ~A$22 billion Petroleum resource rent tax (PRRT) paid by Woodside across its merged portfolio, since the PRRT has applied to 2025
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North West Shelf Project Extension
- A$42 billion The project has paid over A$42 billion in royalties and excise
- >6,000 petajoules The project has contributed over 6,000 petajoules of domestic gas to Western Australia
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Domestic gas supplied to Western Australia
- >3,900 petajoules of domestic gas supplied to Western Australia since 1984
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The Scarborough Energy Project
- A$55.5 billion Taxation and royalty payments estimated to be generated in Australia between 2021 and 2056
- A$260 million Together with its contractors, Woodside has invested more than A$260 million with over 200 Pilbara-based businesses
- A$5.4 billion It is estimated the project will spend more than A$5.4 billion in WA during the development phase
- 8.5 million Expected to be large enough to power more than 8.5 million homes for more than 30 years*
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The oil and gas industry's contribution to the economy
- A$21.9 billion paid in taxes and royalties in 2024–25
- A$105 billion contributed to the national economy
- 3.7% of GDP comes from the oil and gas industry's direct economic contribution
- 215,000 people employed across the economy
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The role of gas in Australia
- 23.5% Forecast increase in WA annual average daily gas consumption between 2025 and 2030, under the Step Change scenario^
- 2029 Southern states are forecast to face gas shortfall risks during extreme peak demand conditions from 2029 and some seasonal supply gaps during winter**
- 2030 Gas supply deficit is expected to become more pronounced in WA from 2030^^
- -5.3% Projected average annual rate of decline in WA potential gas supply after 2030, unless new supply projects come on onstream*^
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Managing environmental impacts
- 30 years 30 years of scientific research
- 2023 Awarded the Environment Project Excellence Award at APPEA
- 20 papers Funded research has resulted in over 20 papers in international peer-reviewed scientific journals
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Scope 3 targets
- US$5 billion Invest US$5 billion in new energy products** and lower-carbon services* by 2030
- 5 Mtpa carbon dioxide-equivalent Take final investment decisions on new energy products** and lower-carbon services* with a total abatement capacity of 5 million tonnes per annum (Mtpa) carbon dioxide-equivalent by 2030
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Woodside Statement on Activism
Woodside is building a lower-carbon business and wants to be part of an honest conversation about Australia’s energy needs now and into the future. Woodside fully supports respectful debate, including in relation to complex challenges like climate change.
