Sydney, Feb 18, 2026, 17:22 (AEDT) — Trading ended for the session as the market closed.
- Woodside closed up 0.4% at A$25.94 after trading between A$25.67 and A$26.02.
- The annual statement showed proved reserves down by the end of 2025. Still, technical revisions and fresh project approvals did add some barrels.
- Full-year results and the investor briefing are scheduled for Feb. 24—the next key event.
Woodside Energy Group Ltd finished Wednesday at A$25.94, a gain of 11 cents. Trading volume hit about 3.8 million shares. Investors reacted to the company’s annual reserves update, which dropped after the close.
This reserves snapshot lands just before Woodside drops full-year results. Guidance and project updates are lined up to hit the stock hard, or lift it, right now.
Australian energy shares are still shadowing oil, which steadied Wednesday after sliding the previous session. Brent edged up 23 cents to $67.65 a barrel. U.S. WTI saw a 19-cent lift, closing at $62.52. Market attention sticks on the latest twists in U.S.-Iran talks and fresh inventory data.
Woodside on Tuesday said proved reserves totaled 1,882.1 million barrels of oil equivalent (MMboe) at year-end, a drop from 1,975.7 MMboe the year before, according to its latest ASX filing. Proved-plus-probable (2P) reserves landed at 2,999.5 MMboe, with contingent resources (2C) reported at 5,795.7 MMboe. Adjusting for production and assets sold, proved reserves were up by 134.1 MMboe, while 2P reserves ticked higher by 141.0 MMboe—numbers Woodside linked to technical revisions at Pluto and Sangomar, along with new green lights for Greater Western Flank 4, Turrum Phase 3, and an Atlantis expansion. For 2025, production hit 211.4 MMboe. The reserves tally excludes the pending Chevron asset swap, Woodside said. Acting CEO Liz Westcott pointed to the “strength and resilience” of the portfolio, spotlighting sanctioned Louisiana LNG as central for steady cash flow. Woodside
Pluto LNG and the North West Shelf anchor Woodside’s major projects in Australia. Beyond home turf, its reach extends to Senegal’s Sangomar development and a piece of Woodside Louisiana LNG in the U.S. The company ranks among top LNG and liquids producers.
Investors usually look past the headline reserves number. They want to know how much of that listed volume is actually tied to projects underway, and what it will take—in terms of upfront spending and timeline—to turn those underground barrels into actual money.
Even so, those reserve and resource figures aren’t locked down. Woodside flagged the standard caveat: any of it could change. Shifting project schedules, fluctuating costs, volatile markets, or unexpected factors might all move the numbers.
Tuesday, Feb. 24, is circled on investors’ calendars: that’s when Woodside drops its 2025 annual report and unveils a fresh climate and sustainability update, both set to coincide with an investor briefing. Expect Westcott and CFO Graham Tiver to take questions at a 10:00 AEDT results call.
