About the company
Woodside is an Australian energy company that was incorporated in 1954. The company was named after the small Victorian town of Woodside, which holds historical significance in the country's energy industry. Initially, Woodside's exploration efforts were primarily focused on Victoria's Gippsland Basin. However, as the company grew, it shifted its focus to the vast resources found in Western Australia's Carnarvon Basin. Woodside achieved a significant milestone in 1984 when it began the production of liquefied natural gas (LNG) from the North West Shelf project. This groundbreaking project positioned Woodside as a leading player in the LNG market. At that time, BHP Billiton and Shell held equal 40% shareholdings in Woodside. However, as the years passed, the ownership structure of Woodside underwent several changes. In 1994, BHP Billiton made the decision to sell its entire shareholding in the company, further solidifying Shell's position as a major stakeholder. Subsequently, Shell also reduced its shareholding to 34%. Then, in 2010, Shell took another step to decrease its ownership to 24%, showing a strategic shift in their investment priorities. Despite these ownership changes, Woodside has consistently demonstrated its potential to become the most LNG-leveraged company globally. The company possesses an extensive reserve base and a diverse portfolio of LNG projects, which positions it favorably for growth in the global market. Woodside's focus on LNG has proven to be strategic, as natural gas has emerged as a cleaner and more sustainable alternative to traditional fossil fuels. The company's commitment to responsible and environmentally friendly practices in its operations has also contributed to its growth and success. Woodside's expansion plans include the development of new LNG projects and partnerships with other international energy companies. Their vision is to leverage their expertise and experience in LNG production to capitalize on the increasing demand for natural gas worldwide. Woodside's dedication to innovation and technological advancements is evident in its ongoing efforts to improve operational efficiency and reduce environmental impact. The company is actively exploring opportunities to incorporate renewable energy sources into its operations while maintaining a strong focus on safety and sustainability. As Woodside moves forward, it continues to be a driving force in the global energy industry. With its rich history and strong foundation, the company is well-positioned to navigate the evolving energy landscape and remain a significant player in the LNG market.
Website: https://www.woodside.com
Data updated: June 2, 2026
