<SEC-DOCUMENT>0000950123-22-000817.txt : 20220524
<SEC-HEADER>0000950123-22-000817.hdr.sgml : 20220524
<ACCEPTANCE-DATETIME>20220202125604
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950123-22-000817
CONFORMED SUBMISSION TYPE:	DRSLTR
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20220202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WOODSIDE PETROLEUM LTD
		CENTRAL INDEX KEY:			0000844551
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DRSLTR

	BUSINESS ADDRESS:	
		STREET 1:		11 MOUNT STREET
		STREET 2:		PERTH
		CITY:			WESTERN AUSTRALIA
		STATE:			C3
		ZIP:			6000
		BUSINESS PHONE:		(618) 9348 5036

	MAIL ADDRESS:	
		STREET 1:		11 MOUNT STREET
		STREET 2:		PERTH
		CITY:			WESTERN AUSTRALIA
		STATE:			C3
		ZIP:			6000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WOODSIDE PETROLEUM LTD
		DATE OF NAME CHANGE:	19881222
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<TYPE>DRSLTR
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 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Woodside Petroleum Ltd. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Mia Yellagonga, 11 Mount Street </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Perth, Western Australia 6000 Australia </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">February
2, 2022 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Office of
Energy&nbsp;&amp; Transportation </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">United States Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, N.E. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549-3561 </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">Re:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Woodside Petroleum Ltd. </P></TD></TR></TABLE>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Draft Registration Statement on Form <FONT STYLE="white-space:nowrap">F-4</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Submitted December&nbsp;17, 2021 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">CIK No.&nbsp;0000844551 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen:
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Set forth below are the responses of Woodside Petroleum Ltd. (the &#147;<B><I>Company,&#148; &#147;we,&#148; &#147;us&#148; or
&#147;our&#148;) to comments received from the staff of the Division of Corporation Finance (the &#147;Staff&#148;) of the U.S. Securities and Exchange Commission (the &#147;Commission&#148;) by letter dated January&nbsp;13, 2022, with respect to
Draft Registration Statement on Form <FONT STYLE="white-space:nowrap">F-4,</FONT> CIK No.&nbsp;0000844551, submitted on a <FONT STYLE="white-space:nowrap">non-public</FONT> basis to the Commission on December&nbsp;17, 2021 (the &#147;Draft
Registration Statement&#148;). In connection with this letter, we are submitting today on a <FONT STYLE="white-space:nowrap">non-public</FONT> basis via EDGAR Amendment No.&nbsp;1 to the Draft Registration Statement (&#147;DRS Amendment
No.&nbsp;1&#148;). </I></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For your convenience, each response is prefaced by the exact text of the Staff&#146;s corresponding comment in
bold, italicized text. All references to page numbers and captions correspond to the DRS Amendment No.&nbsp;1 unless otherwise specified. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Draft
Registration Statement on Form <FONT STYLE="white-space:nowrap">F-4</FONT> </U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Questions and Answers about the Merger </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>After the Merger, how much of the combined company will Participating BHP Shareholders own?, page 12 </U></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>1.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>We note the disclosure that upon Implementation, Participating BHP Shareholders will receive, in
aggregate, 901,523,720 New Woodside Shares representing approximately 48% of the outstanding Woodside Shares following the Merger (based on the number of Woodside Shares and BHP Shares outstanding on 22&nbsp;November 2021 and subject to adjustment
in certain circumstances). Please revise to describe here or at another appropriate section the adjustments and clarify whether the ownership percentages are capped at the referenced amounts. We note that the exchange ratio is fixed and your
disclosure at page&nbsp;95. </I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We have revised the Draft Registration Statement to describe the
calculation of the Share Consideration and adjustments that may be made to the total number of Woodside Shares to be issued. Please see the Prospectus Cover and pages&nbsp;11, 12, 19, 23, 31, 42, 67 and 266 of DRS Amendment No.&nbsp;1. </P>
<P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">February 2, 2022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page&nbsp;2 </P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Is the obligation of each of Woodside and BHP to complete the Merger subject to any conditions?, page 13
</U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>2.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>Please disclose the percentage of Woodside shareholder approval that is required to approve the merger
transaction. </I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We have revised the Draft Registration Statement to disclose the percentage of
Woodside shareholder approval that is required to approve the merger transaction. Please see page 13 of DRS Amendment No.&nbsp;1. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>The Merger
</U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Background of the merger, page 79 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>3.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>Leading up to the submission of the <FONT STYLE="white-space:nowrap">non-binding</FONT> indicative offer,
you disclose that on June&nbsp;14, 2021 Woodside&#146;s board held a meeting with its financial advisor which presented an overview of the valuation framework and methodology for determining the relative valuation of Woodside&#146;s and BHP&#146;s
portfolio using a common suite of assumptions to determine the merger ratio. Please explain the valuation framework and methodology for determining the valuation of Woodside and BHP portfolio discussed at this meeting, and the assumptions used to
determine the merger ratio. </I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We have revised the Draft Registration Statement to explain the
valuation framework and methodology and the assumptions used to determine the merger ratio. Please see page 79 of DRS Amendment No.&nbsp;1. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>4.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>On June&nbsp;17, 2021, Woodside sent the initial <FONT STYLE="white-space:nowrap">non-binding</FONT>
indicative offer (NBIO) to BHP. BHP Chief Executive Mr.&nbsp;Henry indicated that the merger ratio implied by the NBIO did not meet BHP&#146;s value expectations, and was inferior to BHP&#146;s alternatives for BHP&#146;s petroleum business
(particularly their demerger option). Please disclose the merger ratio in the initial NBIO as the description of the revised NBIO suggests changed terms. Please also revise to discuss in greater detail the alternatives BHP considered for its
petroleum assets. </I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We have revised the Draft Registration Statement to disclose the merger ratio
included in the initial NBIO. Please see page 79 of DRS Amendment No.&nbsp;1. </P>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">February&nbsp;2, 2022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page&nbsp;3 </P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">With respect to the alternatives BHP considered for its petroleum assets, we respectfully submit
that the requested additional disclosure is not required. Item 6 of Form <FONT STYLE="white-space:nowrap">F-4</FONT> requires us to, &#147;Describe any past, present or proposed material contracts, arrangements, understandings, relationships,
negotiations or transactions during the periods for which financial statements are presented or incorporated by reference pursuant to Part I. B. or C. of [Form <FONT STYLE="white-space:nowrap">F-4]</FONT> between the company being acquired or its
affiliates and the registrant or its affiliates, such as those concerning: a merger, consolidation or acquisition; a tender offer or other acquisition of securities; an election of directors; or a sale or other transfer of a material amount of
assets.&#148; The information requested by the Staff was not a part of the negotiations between BHP or its affiliates, on the one hand, and Woodside or its affiliates, on the other hand. Woodside&#146;s negotiations and material contracts with BHP
and its affiliates are described in the Form <FONT STYLE="white-space:nowrap">F-4.</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BHP has informed Woodside that it concurs with
this analysis and believes it would not be appropriate to require a parent company of an acquired company to disclose such information to an acquirer in connection with the registration of shares to be issued by an acquiror in a merger when such
information was not referenced by the acquiror&#146;s board of directors. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Unaudited Combined Forecasted Financial and Operating Information, page
83 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>5.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>We note the disclosure that the forecasted information was prepared with the primary purpose of
describing certain factors considered as part of Woodside&#146;s approval of the Merger and disclosed initially in the lead up to the joint ASX announcement for execution of the Merger Commitment Deed on 17&nbsp;August 2021 and that the information
does not take into account any circumstances or events occurring after the date it was prepared. Please revise to discuss any material circumstances or events in subsequent periods which might impact the forecasted information.
</I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We have revised the Draft Registration Statement to discuss certain circumstances or events
that might impact the forecasted information. Please see page 84 of DRS Amendment No.&nbsp;1. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Woodside&#146;s Reasons for the Merger </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Shared values and focus on sustainable operations, carbon management and ESG leadership, page 89 </U></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>6.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>We note your disclosure that you plan to build on Woodside&#146;s existing targets for the Merged Group
to reduce net equity Scope 1 and Scope 2 emissions by 15% and 30% by 2025 and 2030, respectively. From your chart on page 90, it appears a significant part of such emission reductions will stem from carbon offsets. In terms of various uncertainties
inherent in estimating the quality and quantity of offsets generated by any carbon offset project, which you discuss in a risk factor on page 63, please discuss how you estimate the quality and quantity of carbon offsets that you purchase and if you
are able to compare actual results to your estimates. </I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We have revised the Draft Registration
Statement as requested. Please see pages&nbsp;173 and 174 of DRS Amendment No.&nbsp;1. </P>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">February&nbsp;2, 2022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page&nbsp;4 </P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Independent Expert Conclusion, page 92 </U></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>7.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>Once available, please expand to describe the findings and conclusion of the independent expert&#146;s
report. </I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We acknowledge the Staff&#146;s comment and will include in a future filing a
description of the findings and conclusion of the independent expert&#146;s report. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>The Share Sale Agreement and Related Agreements </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Conditions, page 94 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>8.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>Please revise to disclose which conditions may be waived by the parties to the share sale agreement.
</I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We have revised the Draft Registration Statement to disclose which conditions may be waived by
the parties to the share sale agreement. See pages 96 and 97 of DRS Amendment No.&nbsp;1. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Unaudited Pro Forma Condensed Combined Financial
Statements </U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Unaudited Pro Forma Condensed Combined Statement of Profit and Loss, page 121 </U></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>9.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>We understand that as Woodside and BHP Petroleum have different fiscal year ends, you have added BHP
Petroleum&#146;s unaudited historical financial information for the half year ended 30&nbsp;June 2020 to the half year ended 31&nbsp;December 2020 to present an annual period for BHP Petroleum that ends within 93 days of Woodside&#146;s latest
annual fiscal period in your pro forma financial statements. However, we note that these half year periods are not provided in the financial statements you have included in your filing. To provide investors with a clear understanding of how the
amounts in the &#147;BHP Petroleum 31&nbsp;December 2020&#148; column are derived, please include a separate footnote showing in separate columnar format, the financial results of BHP Petroleum for the half year ended 30&nbsp;June 2020 and the half
year ended 31&nbsp;December 2020 with totals that agree to the amounts presented on the face of your pro forma condensed combined statements of profit and loss and cash flows. </I></B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We acknowledge the Staff&#146;s comment and, in a future filing, we will update the financial information included in the
Draft Registration Statement to present financial information as of and for the year ended 31&nbsp;December 2021. In that future filing, we will include, as requested, a footnote showing in separate columnar format the financial results of BHP
Petroleum for the year ended 31&nbsp;December 2021, calculated by taking (i)&nbsp;the results for the fiscal year ended 30&nbsp;June 2021, <I>minus</I> (ii)&nbsp;the results for the six months ended 31&nbsp;December 2020, <I>plus</I> (iii)&nbsp;the
results for the six months ended 31&nbsp;December 2021, with totals that agree to the amounts presented on the face of the pro forma condensed combined statements of profits and loss and cash flows. We respectfully advise that we reasonably believe
that the requested detail in respect of the period ended 31&nbsp;December 2020 will not be required to be presented separately at the time of effectiveness. </P>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">February&nbsp;2, 2022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page&nbsp;5 </P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>

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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>10.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>We note footnote 3(b) indicates that you have adjusted depreciation, depletion and amortization
(&#147;DD&amp;A&#148;) expense based on the preliminary purchase price allocation. As the recorded amount of BHP Petroleum&#146;s oil and gas properties will increase as a result of your application of the acquisition method to the transaction,
please explain why the adjustment decreases the amount of DD&amp;A expense recorded in your pro forma results. In addition, please explain why the adjustment of $277&nbsp;million reported in the pro forma statement of profit and loss does not agree
to the adjustment reported in the pro forma cash flow statement. </I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We acknowledge the
Staff&#146;s comment and respectfully advise that the net decrease in the DD&amp;A expense is primarily due to adjustments to conform BHP Petroleum&#146;s accounting policy for DD&amp;A to Woodside&#146;s policy. Under BHP Petroleum&#146;s
accounting policy (as outlined on page <FONT STYLE="white-space:nowrap">F-117</FONT> of DRS Amendment No.&nbsp;1), depreciation of assets other than land, assets under construction and capitalised exploration and evaluation assets that are not
depreciated, is calculated using either the straight-line (SL) method or units of production (UOP) method, net of residual values, over the estimated useful lives of specific assets. BHP Petroleum uses the proved reserves (1P) for these petroleum
assets to determine the UOP depreciation. Under Woodside&#146;s accounting policy (as outlined on page <FONT STYLE="white-space:nowrap">F-29</FONT> of DRS Amendment No.&nbsp;1), transferred exploration and evaluation and offshore plant and equipment
are depreciated using the UOP basis over proved plus probable reserves (2P) or proved reserves (1P) for late life assets, while onshore plant and equipment is depreciated using a straight-line basis over the lesser of useful life and the life of
proved plus probable reserves (2P); all other items of oil and gas properties are depreciated using the straight-line method over their useful life. BHP Petroleum&#146;s accounting policy of using the proved reserve (1P) methodology to determine the
UOP depreciation resulted in higher DD&amp;A expenses recorded historically as compared to the DD&amp;A expenses that would have been recorded if the UOP depreciation had been calculated using proved plus probable reserves (2P). As such, the
adjustment to conform BHP Petroleum&#146;s accounting policy to Woodside&#146;s accounting policy resulted in a decrease of $323&nbsp;million in DD&amp;A expense due to different reserves bases being used in the respective UOP calculations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, we respectively advise the Staff that in the pro forma statement of profit and loss, the adjustment of $277&nbsp;million
previously reflected the net adjustments of the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the decrease in DD&amp;A expense of $323&nbsp;million described above, offset by </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a net increase in cost of sales of $46&nbsp;million to conform BHP Petroleum&#146;s accounting for underlift and
overlift to Woodside&#146;s accounting policy. Specifically, Woodside&#146;s accounting policy is to not account for the effects of volumetric imbalances. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We further respectfully advise the Staff that the $323&nbsp;million decrease in DD&amp;A expenses has been presented as a <FONT
STYLE="white-space:nowrap">non-cash</FONT> adjustment within the <FONT STYLE="white-space:nowrap">&#145;non-cash</FONT> items &#150; depreciation and amortisation&#146; in the pro forma statement of cash flow. Additionally, the net increase in cost
of sales of $46&nbsp;million has been presented in the changes in assets and liabilities section of the Unaudited Pro Forma Combined Statement of Cash Flows as the net adjustment represents changes in trade and other receivables and trade and other
payables. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have revised the Draft Registration Statement to provide additional detail regarding the adjustment to DD&amp;A. Please see
page&nbsp;130 of DRS Amendment No.&nbsp;1. </P>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">February&nbsp;2, 2022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page&nbsp;6 </P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Unaudited Pro Forma Condensed Combined Statement of Financial Position, page 122 </U></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>11.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>Footnote 3(i) indicates that you recorded an adjustment in the amount of $2,424&nbsp;million representing
goodwill arising from the preliminary purchase price allocation adjustments. We note that you also reduced provisions by $113&nbsp;million related to this adjustment. Please explain how this reduction in provision relates to adjustments recorded to
goodwill. </I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We acknowledge the Staff&#146;s comment and respectfully advise that the <FONT
STYLE="white-space:nowrap">pro-forma</FONT> adjustment of $113&nbsp;million has been amended to reference to note 3(j). Please see page 124 of DRS Amendment No.&nbsp;1. We further clarify that the preliminary purchase price allocation adjustments
included an adjustment to record the estimated fair value of the assumed BHP Petroleum asset retirement obligation. As part of its preliminary Purchase Price Allocation process, the Company estimated the amount of the closure and rehabilitation cash
flows expected to be incurred in the next 12 months and decreased the current provision by $113&nbsp;million and increased the <FONT STYLE="white-space:nowrap">non-current</FONT> provision by $1,452&nbsp;million. The increase of $1,452&nbsp;million
forms part of the transaction accounting adjustment to <FONT STYLE="white-space:nowrap">non-current</FONT> provision of $1,508. The net corresponding increase was recorded in goodwill. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>12.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>We note you have adjusted &#147;Trade and other payables-intercompany&#148; in the amount of
$10,346&nbsp;million to reflect settlement of BHP Petroleum&#146;s intercompany loan balances. Please explain why you also referenced this adjustment to footnote 3(a) which reflected reclassifications made to BHP Petroleum&#146;s historical
presentation to conform to Woodside&#146;s presentation. </I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We acknowledge the Staff&#146;s
comment and respectfully advise that the footnote was referenced in error. We have revised the Draft Registration Statement to remove the erroneously referenced footnote. Please see page&nbsp;124 of DRS Amendment No.&nbsp;1. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>13.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>We note you recorded an adjustment of $1,429&nbsp;million to &#147;Issued and fully paid shares&#148; and
understand that this adjustment has been made to reflect the New Woodside Shares issued as share consideration and the elimination BHP Petroleum&#146;s historical stockholders&#146; equity and transaction costs. Please explain why you also reference
this adjustment to footnote 3(f) which relates to settlement of BHP Petroleum&#146;s intercompany loans. </I></B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We acknowledge the Staff&#146;s comment and respectfully advise that the footnote was referenced in error. We have revised the
Draft Registration Statement to remove the erroneously referenced footnote. Please see page 124 of DRS Amendment No.&nbsp;1. Additionally, the remaining note 3(l) has been amended to provide additional information on the settlement of BHP
Petroleum&#146;s intercompany loan balances and tax payable. Please see page 132 of DRS Amendment No.&nbsp;1. </P>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">February&nbsp;2, 2022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page&nbsp;7 </P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Beneficial Ownership of Woodside Securities, page 131 </U></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>14.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>Please revise your disclosure to identify the natural person or persons who have voting and investment
control of the shares held by Blackrock Group. </I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We acknowledge the Staff&#146;s comment and
respectfully advise the Staff that the information regarding shares held by Blackrock Group (&#147;<B><I>Blackrock</I></B>&#148;) and State Street Corporation (&#147;<B><I>State Street</I></B>&#148;) were derived from filings made by Blackrock and
State Street with the Australian Stock Exchange. The Notice of Change of Interests of Substantial Holder (the &#147;<B><I>Notice of Change</I></B>&#148;) and Notice of Initial Substantial Holder (the &#147;<B><I>Notice of Initial Substantial
Holder</I></B>&#148;) filed with the Australian Stock Exchange, respectively, are similar to a domestic filing of a Schedule 13D or Schedule 13G with the SEC, and relates to the ownership of our ordinary shares. In the most recent Notices of Change
filed by Blackrock and Notice of Initial Substantial Holder filed by State Street, neither shareholder discloses natural persons who have voting and investment control of our ordinary shares they hold. As such, we are unable to identify any natural
person or persons that have voting and investment control of the shares held by Blackrock and State Street. We have, however, revised the disclosure to expand upon the disclosure currently in the Draft Registration Statement with the limited
additional information we were able to ascertain from the Notice of Change and Notice of Initial Substantial Holder, respectively. Please see pages 336 and 337 of DRS Amendment No.&nbsp;1. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Business and Certain Information About Woodside </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Reserves and Resources </U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Drilling and Other
Exploratory and Development Activities, page 162 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>15.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>Expand the disclosure of your drilling activities to provide the number of gross and net wells in the
process of being drilled, completed, or waiting on completion and any other related activities of material importance at fiscal <FONT STYLE="white-space:nowrap">year-end.</FONT> Refer to Item&nbsp;1206 of Regulation
<FONT STYLE="white-space:nowrap">S-K.</FONT> This comment also applies to the disclosure of BHP&#146;s drilling activities on <FONT STYLE="white-space:nowrap">page&nbsp;F-159.</FONT> </I></B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: With respect to Woodside&#146;s drilling activities, we have revised the Draft Registration Statement to disclose present
development activities continuing as of 31&nbsp;December 2020. See page 164 of DRS Amendment No.&nbsp;1. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">With respect to BHP&#146;s
drilling activities, we acknowledge the Staff&#146;s comment and respectfully advise that the disclosure regarding BHP&#146;s drilling activities initially included in the Draft Registration Statement under the heading &#147;Drilling&#148; on page
287 of the Draft Registration Statement has also been included on page 292 of DRS Amendment No.&nbsp;1. This disclosure provides the number of wells (gross and net) in process of being drilled split by region and activity type (exploration,
development) as of the date indicated. </P>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">February&nbsp;2, 2022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page&nbsp;8 </P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Woodside Petroleum Reserves, page 165 </U></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>16.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>Expand the disclosure of the net quantities of proved developed and undeveloped reserves, by individual
product type and geographic area, as of the beginning and the end of each year and the changes therein consistent with each of the periods for which you disclose estimates of the standardized measure on pages
<FONT STYLE="white-space:nowrap">F-73</FONT> through <FONT STYLE="white-space:nowrap">F-74.</FONT> Refer to FASB ASC
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">932-235-50-4,</FONT></FONT></FONT> <FONT STYLE="white-space:nowrap">50-5</FONT> and Example&nbsp;1 in <FONT STYLE="white-space:nowrap">55-2.</FONT>
</I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We have revised the Draft Registration Statement to disclose net quantities of Woodside&#146;s
proved developed and undeveloped reserves by product type and geographic area as of the beginning and the end of 2018, 2019 and 2020, and the changes therein. Please see pages <FONT STYLE="white-space:nowrap">167-169</FONT> of DRS Amendment
No.&nbsp;1. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Proved Undeveloped Reserves (PUD) Reconciliation (MMBoe), page 166 </U></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>17.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>You disclose 136.7 MMBoe in total future proved undeveloped reserves as of December&nbsp;31, 2020 which
will be converted to developed status. You also disclose that you converted no proved undeveloped reserves to developed status during the year ended December&nbsp;31, 2020. Expand your disclosure to discuss the progress made during 2020, any capital
expenditures incurred, and the factors that impacted progress in converting proved undeveloped reserves to developed status. Refer to Item 1203(c) of Regulation <FONT STYLE="white-space:nowrap">S-K.</FONT> </I></B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We have revised the Draft Registration Statement as requested. Please see page 170 of DRS Amendment No.&nbsp;1. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>18.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>Expand your disclosure to clarify, if true, that the proved undeveloped reserves as of December&nbsp;31,
2020 are part of a development plan adopted by management including approval by the Board, if approval is required, that results in converting your proved undeveloped reserves to developed status within five years of initial disclosure at
December&nbsp;31, 2020. Refer to Rule <FONT STYLE="white-space:nowrap">4-10(a)(31)(ii)</FONT> of Regulation <FONT STYLE="white-space:nowrap">S-X</FONT> and the Question 131.04 in the Compliance and Disclosure Interpretations (C&amp;DIs).
</I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We have revised the Draft Registration Statement to clarify that Woodside&#146;s proved
undeveloped reserves are part of a development plan discussed with Woodside&#146;s Executive Committee (including Executive Directors) annually and approved by the Chief Executive Officer. Please see page 170 of DRS Amendment No.&nbsp;1. We
respectfully advise the Staff that board approval of such development plan is not required under Australian law. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>19.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>If there are material amounts of proved undeveloped reserves that are not scheduled to be developed
within five years, expand your disclosure to explain the reasons for the delay. Refer to Item 1203(d) of Regulation <FONT STYLE="white-space:nowrap">S-K</FONT> and Question 131.03 in the Compliance and Disclosure Interpretations (C&amp;DIs).
</I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We have revised the Draft Registration Statement as requested. Please see page 170 of DRS
Amendment No.&nbsp;1. </P>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">February&nbsp;2, 2022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page&nbsp;9 </P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Business and Certain Information about BHP Petroleum </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Recent Financial and Operating Information, page 173 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>20.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>We note you disclose EBITDA in the table under this heading, however the amounts disclosed appear to
represent Underlying EBITDA. Please change the labelling of this measure or provide a reconciliation and discussion about this <FONT STYLE="white-space:nowrap">non-GAAP</FONT> measure that complies with Item 10(e) of Regulation <FONT
STYLE="white-space:nowrap">S-K.</FONT> </I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We have revised the Draft Registration Statement to
refer to Underlying EBITDA. Please see page 179 of DRS Amendment No.&nbsp;1. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Management&#146;s Discussion and Analysis of Financial Condition and
Results of Operations of Woodside </U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U><FONT STYLE="white-space:nowrap">Non-GAAP</FONT> Financial Measures, page 274 </U></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>21.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>We note that your EBITDA measure includes adjustments for impairment charges. Please note that EBITDA, by
definition, should only reflect adjustments for interest, taxes, depreciation and amortization. Please either remove the adjustment for impairment from your calculation of EBITDA or revise the title to distinguish it from EBITDA. Refer to Question
103.01 of the SEC&#146;s Compliance and Disclosure Interpretations on <FONT STYLE="white-space:nowrap">Non-GAAP</FONT> Financial Measure for further guidance. </I></B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We have revised the Draft Registration Statement to rename this measure &#147;Underlying EBITDA&#148;. Please see pages v, vi,
145 and 280 of DRS Amendment No.&nbsp;1. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>22.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>Please reconcile EBIT and EBITDA to profit/(loss) after tax as presented in your statement of
comprehensive income. Refer to question 103.02 of the SEC&#146;s Compliance and Disclosure Interpretations on <FONT STYLE="white-space:nowrap">Non-GAAP</FONT> Financial Measure for further guidance. </I></B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We have revised the Draft Registration Statement as requested. Please see page 280 of DRS Amendment No.&nbsp;1. </P>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">February&nbsp;2, 2022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page&nbsp;10 </P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations of BHP Petroleum
</U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Business Overview, Strategy and Key Performance Drivers </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>BHP Petroleum costs, page 284 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>23.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>We note you present net costs in the table under this heading and define net cost as revenue less
Underlying EBITDA excluding freight and other costs, depending on the nature of each asset. Please identify net costs as a <FONT STYLE="white-space:nowrap">non-GAAP</FONT> measure and provide a reconciliation of net costs to the most directly
comparable GAAP measure to comply with Item 10(e)(1)(i)(B) of Regulation <FONT STYLE="white-space:nowrap">S-K</FONT> or tell us why this guidance does not apply to you. </I></B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We have revised the Draft Registration Statement to identify net costs as a <FONT STYLE="white-space:nowrap">non-GAAP</FONT>
financial measure and provide a reconciliation of net costs to the most directly comparable GAAP financial measure. Please see pages vi, 178 and 289 of DRS Amendment No.&nbsp;1. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Executive Compensation </U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Total Senior
Executives&#146; Remuneration and Benefits, page 298 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>24.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>Please revise to disclose compensation information for your last completed financial year. See Item 6.B
of Form <FONT STYLE="white-space:nowrap">20-F.</FONT> </I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We acknowledge the Staff&#146;s comment
and in a future filing will include compensation information for our last completed financial year. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Audited Consolidated Financial Statements of
Woodside Petroleum Ltd. </U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Notes to the Consolidated Financial Statements </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>B.3 Oil and gas properties </U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Depreciation and
amortisation, page <FONT STYLE="white-space:nowrap">F-29</FONT> </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>25.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>Your accounting policy states that transferred exploration and evaluation and offshore plant and
equipment are depreciated using the unit of production basis over proved plus probable reserves. Please disclose whether costs subject to depletion include estimated future development costs necessary to bring probable reserves into production and
how these costs are estimated. </I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We acknowledge the Staff&#146;s comment and respectfully advise
that our accounting policy does not include estimated future development costs necessary to bring probable reserves into production. This is consistent with our interpretation of International Accounting Standard 16 Property, Plant and Equipment
which does not prescribe what basis should be used for depreciation on a units of production basis. In a future filing, when we include financial statements as of and for the year ended 31 December 2021, the footnotes to such financial statements
will include the following additional information regarding costs subject to depletion: &#147;The depreciable amount for the unit of production basis excludes future development costs necessary to bring probable reserves into production.&#148; </P>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">February&nbsp;2, 2022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page&nbsp;11 </P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>26.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>We note that your accounting policy related to the calculation of depreciation and amortisation differs
from BHP Petroleum&#146;s policy at page <FONT STYLE="white-space:nowrap">F-116,</FONT> which states that proved reserves for petroleum assets are used to determine units of production depreciation. Please tell us how this difference in policy has
impacted the adjustments made to depreciation and amortisation in your unaudited pro forma financial statements. </I></B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: Please see our response to Comment 10 above for a discussion of the differences between BHP Petroleum&#146;s and
Woodside&#146;s respective accounting policies for DD&amp;A and the impact of these differences on the unaudited pro forma financial statements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Combined Financial Statements as of and for the Years Ended 30&nbsp;June 2021, 2020, and 2019 of BHP Petroleum Assets </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Supplementary Oil and Gas Information-Unaudited </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves (Standardized Measure), page <FONT
STYLE="white-space:nowrap">F-157</FONT></U></B><B><I><U> </U></I></B><B><U> </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>27.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>Expand the discussion accompanying the presentation of the standardized measure to clarify, if true, that
all estimated future costs to settle your asset retirement obligations have been included in your calculation of the standardized measure for each period presented. Refer to the disclosure requirements in FASB ASC <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">932-235-50-36.</FONT></FONT></FONT> This comment also applies to the disclosure of the standardized measure for BHP Petroleum at December&nbsp;31, 2020 presented on page 134.
</I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We have revised the Draft Registration Statement to clarify that the standardized measure
includes cost for future dismantlement, abandonment, and rehabilitation obligations. Please see pages 136 and <FONT STYLE="white-space:nowrap">F-158</FONT> of DRS Amendment No.&nbsp;1. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>28.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>If the estimated future costs to settle your asset retirement obligations, including the costs related to
your proved undeveloped reserves, have not been included, tell us the dollar amounts, both undiscounted and discounted at ten percent, for each of the periods presented. Explain to us your rationale for excluding these costs from your calculation of
the standardized measure, or revise your disclosure to include these costs. Refer to the definition of &#147;Discounted Future Net Cash Flows Related to Proved Oil and Gas Reserves&#148; under Amendments to the XBRL Taxonomy, Accounting Standards
Update <FONT STYLE="white-space:nowrap">2010-03,</FONT> Extractive <FONT STYLE="white-space:nowrap">Activities-Oil</FONT> and Gas (Topic 932), Oil and Gas Reserve Estimation and Disclosures, January 2010. </I></B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We have revised the Draft Registration Statement to clarify that the standardized measure includes cost for future
dismantlement, abandonment, and rehabilitation obligations. Please see pages 136 and <FONT STYLE="white-space:nowrap">F-158</FONT> of DRS Amendment No.&nbsp;1. </P>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">February&nbsp;2, 2022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page&nbsp;12 </P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>General </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>29.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>You disclose in the Explanatory Note that Woodside Petroleum will acquire all of the ordinary shares in
BHP Petroleum International Pty Ltd (&#147;BHP Petroleum&#148;), a wholly owned subsidiary of BHP Group Ltd that will hold the oil and gas assets of BHP in exchange for Cash Consideration and the issuance of new ordinary shares of Woodside. You
further disclose that prior to the closing of the Merger, BHP will determine whether the Share Consideration will be issued by Woodside directly to eligible holders of BHP Shares or distributed by BHP to those eligible holders. Please clarify how
BHP will make its determination. </I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>: We note that BHP has indicated that it will provide written
notice, in accordance with the terms of the Share Sale Agreement, stating that it directs Woodside to issue the New Woodside Shares to BHP. BHP will distribute the New Woodside Shares to its shareholders via an
<FONT STYLE="white-space:nowrap">in-specie</FONT> dividend. Accordingly, we have amended the Draft Registration Statement to reflect the expected position at the time the final Registration Statement is lodged with the Commission. Please see the
Explanatory Note, the Prospectus Cover and pages 11, 12, 23, 24, 75, 76, 96 and 266 of DRS Amendment No.&nbsp;1. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>30.</I></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>We note that Woodside and BHP entered into an integration and transition services agreement in connection
with this transaction. Please file such agreement as an exhibit to your registration statement. </I></B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>RESPONSE</U>:
In response to the Staff&#146;s comments, we have filed the Integration and Transition Services Agreement. Please see Exhibit 2.2 to DRS Amendment No.&nbsp;1. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;* </P>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">February&nbsp;2, 2022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page&nbsp;13 </P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Please direct any questions that you have with respect to the foregoing or if any additional
supplemental information is required by the Staff, please contact Scott D. Rubinsky of Vinson&nbsp;&amp; Elkins L.L.P. at <FONT STYLE="white-space:nowrap">(713)&nbsp;758-3287.</FONT> </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Very truly yours,</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">WOODSIDE PETROLEUM LTD.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Meg O&#146;Neill</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Meg O&#146;Neill </P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Chief Executive Officer and Managing Director </P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Enclosures </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">cc:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Scott D. Rubinsky, Vinson&nbsp;&amp; Elkins L.L.P. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Robert Kimball, Vinson&nbsp;&amp; Elkins L.L.P. </P>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
