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Subsidiaries (Tables)
 12 Months Ended
Dec. 31, 2023
Disclosure of subsidiaries [abstract]  
Summary of subsidiaries
(a) Subsidiaries
 
 
 
 
 
 
 
 
 
 
Name of entity
   
Country of
incorporation
19
   
  Notes 
Ultimate Parent Entity
                  
Woodside Energy Group Ltd
   
 
Australia
 
   
 
(1,2,3
) 
Subsidiaries
                  
Company name
                  
     
Woodside Energy Ltd
   
 
Australia
 
   
 
(2,3,4
) 
Woodside Browse Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Burrup Pty Ltd
   
 
Australia
 
   
 
(2,3,4
) 
Burrup Facilities Company Pty Ltd
   
 
Australia
 
   
 
(5
) 
Burrup Train 1 Pty Ltd
   
 
Australia
 
   
 
(5
) 
Pluto LNG Pty Ltd
   
 
Australia
 
   
 
(5
) 
Woodside Burrup Train 2 A Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Burrup Train 2 B Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy (LNG Fuels and Power) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy (Domestic Gas) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
 
 
 
 
 
 
 
 
 
 
 
Name of entity
   
Country of
incorporation
19
   
  Notes 
Woodside Energy (Algeria) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy Australia Asia Holdings Pte Ltd
   
 
Singapore
 
   
 
(4
) 
Woodside Energy Holdings International Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy International (Canada) Limited
   
 
Canada
 
   
 
(4
) 
Woodside Energy (Canada LNG) Limited
   
 
Canada
 
   
 
(4
) 
Woodside Energy (Canada PTP) Limited
   
 
Canada
 
   
 
(4
) 
KM LNG Operating General Partnership
   
 
Canada
 
   
 
(9
) 
KM LNG Operating Ltd
   
 
Canada
 
   
 
(4
) 
Woodside Energy Holdings Pty Ltd
   
 
Australia
 
   
 
(2,3,4
) 
Woodside Energy Holdings (USA) Inc
   
 
United States
 
   
 
(4
) 
Woodside Energy (USA) Inc
   
 
United States
 
   
 
(4
) 
Gryphon Exploration Company
   
 
United States
 
   
 
(4
) 
PT Woodside Energy Indonesia
   
 
Indonesia
 
   
 
(6
) 
Woodside Energy (Cameroon) SARL
   
 
Cameroon
 
   
 
(4
) 
Woodside Energy (Gabon) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy (Indonesia) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy (Indonesia II) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy (Malaysia) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy (Ireland) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy (Korea) Pte Ltd
   
 
Singapore
 
   
 
(4
) 
Woodside Energy (Korea II) Pte Ltd
   
 
Singapore
 
   
 
(4
) 
Woodside Energy (Myanmar) Pte Ltd
   
 
Singapore
 
   
 
(4
) 
Woodside Energy (Morocco) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy (New Zealand) Limited
   
 
New Zealand
 
   
 
(4
) 
Woodside Energy Holdings (New Zealand) Limited
   
 
New Zealand
 
   
 
(4
) 
Woodside Energy (Peru) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy (Senegal) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy (Tanzania) Limited
   
 
Tanzania
 
   
 
(7
) 
Woodside Energy Holdings II Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Power Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Power (Generation) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy Holdings (South America) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energia (Brasil) Apoio Administrativo Ltda
   
 
Brazil
 
   
 
(8
) 
Woodside Energy Holdings (UK) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy (UK) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy Finance (UK) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy (Congo) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy (Bulgaria) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy Holdings (Senegal) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy (Senegal) B.V.
   
 
Netherlands
 
   
 
(4
) 
Woodside Energy (France) SAS
   
 
France
 
   
 
(4
) 
Woodside Energy Iberia S.A.
   
 
Spain
 
   
 
(4
) 
Woodside Energy (N.A.) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy Services (Qingdao) Co Ltd
   
 
China
 
   
 
(4
) 
Woodside Energy Julimar Pty Ltd
   
 
Australia
 
   
 
(2,3,4
) 
Woodside Energy (Norway) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy Technologies Pty Ltd
   
 
Australia
 
   
 
(2,4,14
) 
Woodside Technology Solutions Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy Scarborough Pty Ltd
   
 
Australia
 
   
 
(2,3,4
) 
Woodside Energy Carbon Holdings Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy Carbon (Assets) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy Carbon (Services) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy (Financial Advisory Services) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy Trading Singapore Pte Ltd
   
 
Singapore
 
   
 
(4
) 
WelCap Insurance Pte Ltd
   
 
Singapore
 
   
 
(4
) 
Woodside Energy Shipping Singapore Pte Ltd
   
 
Singapore
 
   
 
(4
) 
Metasource Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Mermaid Sound Port and Marine Services Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Finance Limited
   
 
Australia
 
   
 
(2,4
) 
Woodside Petroleum (Timor Sea 19) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
 
 
 
 
 
 
 
 
 
 
 
Name of entity
   
Country of
incorporation
19
   
  Notes 
Woodside Petroleum (Timor Sea 20) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Petroleum Holdings Pty Ltd
   
 
Australia
 
   
 
(2,4,15
) 
Woodside Energy Global Holdings Pty Ltd
   
 
Australia
 
   
 
(2,3,4
) 
Woodside Energy Global Pty Ltd
   
 
Australia
 
   
 
(2,3,4
) 
Perdido Mexico Pipeline Holdings, S.A. de C.V.
   
 
Mexico
 
   
 
(10
) 
Perdido Mexico Pipeline, S. de R.L. de C.V.
   
 
Mexico
 
   
 
(10
) 
Woodside Energy Investments Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energia Brasil Investimentos Ltda.
   
 
Brazil
 
   
 
(11
) 
Woodside Energia Brasil Exploração e Produção Ltda.
   
 
Brazil
 
   
 
(11
) 
Woodside Energy (Great Britain) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy (North West Shelf) Pty Ltd
   
 
Australia
 
   
 
(2,3,4
) 
Woodside Energy (Trinidad) Holdings Ltd
   
 
Saint Lucia
 
   
 
(4
) 
Woodside Energy
(Trinidad-3A)
Ltd
   
 
R. of Trinidad and Tobago
 
   
 
(4
) 
Woodside Energy USA Operations Inc
   
 
United States
 
   
 
(12
) 
Hamilton Brothers Petroleum Corporation
   
 
United States
 
   
 
(4
) 
Hamilton Oil Company LLC
   
 
United States
 
   
 
(4
) 
Woodside Energy Boliviana Inc.
   
 
United States
 
   
 
(4
) 
Woodside Energy (North America) LLC
   
 
United States
 
   
 
(4
) 
Woodside Energy (Americas) Inc.
   
 
United States
 
   
 
(4
) 
Woodside Energy (GOM) Inc.
   
 
United States
 
   
 
(4
) 
Woodside Energy Hawaii Inc.
   
 
United States
 
   
 
(4,16
) 
Woodside Energy Resources Inc.
   
 
United States
 
   
 
(4
) 
Woodside Energy Holdings (Resources) Inc.
   
 
United States
 
   
 
(4
) 
Woodside Energy USA Services Inc.
   
 
United States
 
   
 
(4
) 
Woodside Energy Marketing Inc.
   
 
United States
 
   
 
(4
) 
Woodside Energy (Deepwater) Inc.
   
 
United States
 
   
 
(4,17
) 
Woodside Energy (USA New Energy Holdings) LLC
   
 
United States
 
   
 
(4,18
) 
Woodside Energy (H2 Oklahoma) LLC
   
 
United States
 
   
 
(4,18
) 
Woodside Energy (Foreign Exploration Holdings) LLC
   
 
United States
 
   
 
(4
) 
Woodside Energy (Trinidad Block 3) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy (Trinidad Block 5) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy (Trinidad Block 6) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy (Trinidad Block 7) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy (Trinidad Block 14) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy (Trinidad Block 23A) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy (Trinidad Block 23B) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy (Trinidad Block 28) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy (Trinidad Block 29) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy (Bimshire) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy (South Africa 3B/4B) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy (Egypt) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy (Carlisle Bay) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energy (Mexico) Limited
   
 
United Kingdom
 
   
 
(4
) 
Woodside Energía Servicios Administrativos,S. de R.L. de C.V.
   
 
Mexico
 
   
 
(13
) 
Woodside Energía Servicios de México, S. de R.L. de C.V.
   
 
Mexico
 
   
 
(13
) 
Woodside Energy (Mexico Holdings) LLC
   
 
United States
 
   
 
(4
) 
Operaciones Conjuntas, S. de R.L. de C.V.
   
 
Mexico
 
   
 
(13
) 
Woodside Energía Holdings de México, S. de R.L. de C.V.
   
 
Mexico
 
   
 
(13
) 
Woodside Petróleo Operaciones de México, S. de R.L. de C.V.
   
 
Mexico
 
   
 
(13
) 
Woodside Energy (Australia) Pty Ltd
   
 
Australia
 
   
 
(2,3,4
) 
Woodside Energy (International Exploration) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy (Bass Strait) Pty Ltd
   
 
Australia
 
   
 
(2,3,4
) 
Woodside Energy (Victoria) Pty Ltd
   
 
Australia
 
   
 
(2,4
) 
Woodside Energy Holdings LLC
   
 
United States
 
   
 
(2,4,19
) 
Woodside Energy
(Trinidad-2C)
Ltd
   
 
Canada
 
   
 
(4
) 
Woodside Energy (Canada) Corporation
   
 
Canada
 
   
 
(4
) 
 
1.
Woodside Energy Group Ltd is the ultimate holding company and the head entity within the tax consolidated group.
2.
These companies were members of the Australian tax consolidated group at 31 December 2023.
 
 
3.
For the year ended 31 December 2022, Woodside Energy Group Ltd and Woodside Energy Ltd were parties to a Deed of Cross Guarantee. In November 2023, Revocations Deeds were entered into with respect to the previous Deed of Cross Guarantee (with the revocation to take effect in May 2024). In December 2023, a new Deed of Cross Guarantee was entered into between Woodside Energy Group Ltd, Woodside Energy Ltd, Woodside Energy Global Holdings Pty Ltd, Woodside Burrup Pty Ltd, Woodside Energy Julimar Pty Ltd, Woodside Energy Scarborough Pty Ltd, Woodside Energy Holdings Pty Ltd, Woodside Energy Global Pty Ltd, Woodside Energy (Australia) Pty Ltd, Woodside Energy (Bass Strait) Pty Ltd and Woodside Energy (North West Shelf) Pty Ltd.
4.
All subsidiaries are wholly owned except those referred to in Notes 5 to 13.
5.
Kansai Electric Power Australia Pty Ltd and Tokyo Gas Pluto Pty Ltd each hold a 5% interest in the shares of these subsidiaries. These subsidiaries are controlled.
6.
As at 31 December 2023, Woodside Energy Holdings Pty Ltd held a 99% interest in the shares of PT Woodside Energy Indonesia. Woodside Energy Ltd held the remaining 1% interest.
7.
As at 31 December 2023, Woodside Energy Holdings Pty Ltd held >99.99% interest in the shares of Woodside Energy (Tanzania) Limited and Woodside Energy Ltd held the remaining interest.
8.
As at 31 December 2023, Woodside Energy Holdings (South America) Pty Ltd held >99.99% interest in the shares of Woodside Energia (Brasil) Apoio Administrativo Ltda and Woodside Energy Ltd held the remaining interest.
9.
As at 31 December 2023, Woodside Energy International (Canada) Limited and Woodside Energy (Canada LNG) Limited were the general partners of the KM LNG Operating General Partnership holding a 99.99% and 0.01% partnership interest, respectively.
10.
As at 31 December 2023, Woodside Energy Global Holdings Pty Ltd held a 99.99% interest in shares of Perdido Mexico Pipeline Holdings, S.A. de C.V. and Perdido Mexico Pipeline, S. de R.L. de C.V. Woodside Energy Investments Pty Ltd held the remaining 0.01% interest.
11.
As at 31 December 2023, Woodside Energy Investments Pty Ltd held a 99.97% interest in shares of Woodside Energia Brasil Investimentos Ltda. Woodside Energy Global Holdings Pty Ltd held the remaining 0.03% interest. As at 31 December 2023, Woodside Energia Brasil Investimentos Ltda. held >99.99% interest in shares of Woodside Energia Brasil Exploração e Produção Ltda. Woodside Energy Global Holdings Pty Ltd held the remaining interest.
12.
As at 31 December 2023, Woodside Energy Global Holdings Pty Ltd held 90% voting interest and 37.67% interest in shares of Woodside Energy USA Operations Inc. Woodside Energy Holdings LLC held the remaining 10% voting interest and 62.33% interest in shares.
13.
As at 31 December 2023, Woodside Energy (Mexico) Limited held a 99% interest in shares of Woodside Energía Servicios Administrativos, S. de R.L. de C.V., Woodside Energía Servicios de México, S. de R.L. de C.V., Operaciones Conjuntas, S. de R.L. de C.V. and Woodside Petróleo Operaciones de México, S. de R.L. de C.V. and 99.99% interest in shares of Woodside Energía Holdings de México, S. de R.L. de C.V. Woodside Energy (Mexico Holdings) LLC held the remaining
0.01%-1%
interest.
14.
As at 31 December 2023, Woodside Energy Technologies Pty Ltd held 28.5% of the shares in Blue Ocean Seismic Services Limited which is accounted for as an investment in associate.
15.
As at 31 December 2023, Woodside Energy (North West Shelf) Pty Ltd and Woodside Petroleum Holdings Pty Ltd each held 16.67% of the shares in International Gas Transportation Company Limited. This investment has been accounted for as an investment in associate.
16.
As at 31 December 2023, Woodside Energy Hawaii Inc held 14.96% of the shares in Iwilei District Participating Parties LLC which is accounted for as an investment in associate.
17.
As at 31 December 2023, Woodside Energy (Deepwater) Inc held 25% of the shares in Caesar Oil Pipeline Company LLC, 22% of the shares in Cleopatra Gas Gathering Company LLC and 10%
of the shares in Marine Well Containment Company LLC. These are accounted for as investments in associates.
18.
Woodside Energy (USA New Energy Holdings) LLC and Woodside Energy (H2 Oklahoma) LLC were incorporated on 1 August 2023.
19.
All subsidiaries are tax residents in their place of incorporation.
Summary of financial information of subsidiaries with material noncontrolling interest
(b) Subsidiaries with material
non-controlling
interests
The Group has two Australian subsidiaries with material
non-controlling
interests (NCI).
 
 
 
 
 
 
 
 
 Name of entity
   
Principal place of business
   
           % held by NCI 
  
 Burrup Facilities Company Pty Ltd
   
Australia
   
 
10% 
 
 Burrup Train 1 Pty Ltd
   
Australia
   
 
10% 
 
Summary of consolidated income statement and statement of financial position of the members of the closed group
The summarised financial information (including consolidation adjustments but before intercompany eliminations) of subsidiaries with material NCI is as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
       
   
2023
    
2022
    
2021
  
    
   US$m
    
    US$m
    
     US$m
  
       
Burrup Facilities Company Pty Ltd
                        
       
Current assets
  
 
513
 
  
 
567
 
  
 
518
 
       
Non-current
assets
  
 
5,020
 
  
 
5,047
 
  
 
5,038
 
       
Current liabilities
  
 
(58)
 
  
 
(68)
 
  
 
(71)
 
       
Non-current
liabilities
  
 
(568)
 
  
 
(528)
 
  
 
(528)
 
       
Net assets
  
 
4,907
 
  
 
5,018
 
  
 
4,957
 
       
Accumulated balance of NCI
  
 
491
 
  
 
502
 
  
 
496
 
       
Revenue
  
 
839
 
  
 
889
 
  
 
858
 
       
Profit
  
 
400
 
  
 
489
 
  
 
328
 
       
Profit allocated to NCI
  
 
40
 
  
 
49
 
  
 
33
 
       
Dividends paid to NCI
  
 
(51)
 
  
 
(43)
 
  
 
(40)
 
       
Operating
  
 
570
 
  
 
601
 
  
 
633
 
       
Investing
  
 
(58)
 
  
 
(45)
 
  
 
(111)
 
       
Financing
  
 
(512)
 
  
 
(556)
 
  
 
(522)
 
       
Net increase/(decrease) in cash and cash equivalents
  
 
-
 
  
 
-
 
  
 
-
 
       
Burrup Train 1 Pty Ltd
                        
       
Current assets
  
 
453
 
  
 
429
 
  
 
435
 
       
Non-current
assets
  
 
2,806
 
  
 
2,900
 
  
 
2,915
 
       
Current liabilities
  
 
(121)
 
  
 
(119)
 
  
 
(110)
 
       
Non-current
liabilities
  
 
(341)
 
  
 
(325)
 
  
 
(345)
 
       
Net assets
  
 
2,797
 
  
 
2,885
 
  
 
2,895
 
       
Accumulated balance of NCI
  
 
280
 
  
 
289
 
  
 
290
 
       
Revenue
  
 
1,393
 
  
 
1,471
 
  
 
1,421
 
       
Profit
  
 
222
 
  
 
282
 
  
 
200
 
       
Profit allocated to NCI
  
 
22
 
  
 
28
 
  
 
20
 
       
Dividends paid to NCI
  
 
(31)
 
  
 
(29)
 
  
 
(27)
 
       
Operating
  
 
321
 
  
 
391
 
  
 
393
 
       
Investing
  
 
(80)
 
  
 
(55)
 
  
 
(4)
 
       
Financing
  
 
(241)
 
  
 
(336)
 
  
 
(389)
 
       
Net increase/(decrease) in cash and cash equivalents
  
 
-
 
  
 
-
 
  
 
-