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Woodside Petroleum

Woodside is a publicly listed integrated company headquartered in Australia. In 2020, it had USD 3.60 billion in revenue and a reported 3,500 employees*. The company is Australia's main producer of liquefied natural gas (LNG), and has the majority of its oil and gas assets in Australia, with some assets in Canada. At present, the company is inadequately prepared for the low-carbon transition.

Ranking position
#69/100
Total score
2.9/100
Performance score
1.2/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-100)

Targets

0.0 /100 #38

Material Investment

0.0 /100 #84

Intangible Investment

0.0 /100 #20

Sold products

0.1 /100 #53

Management

37.7 /100 #38

Supplier Engagement

0.0 /100 #57

Client Engagement

5.0 /100 #39

Policy Engagement

39.0 /100 #21

Business Model

0.0 /100 #52

Leading practices

Risks and opportunities

Trend

Woodside receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Although Woodside has set emissions reduction targets, these are not aligned with the company’s 1.5°C pathway and are inadequate to keep pace with the rate of change that the company should be undertaking.
Woodside’s plans to invest in green hydrogen and CCUS projects can improve its alignment with its 1.5°C pathway, but the company is yet to substantiate these plans with a clear deployment strategy and adequate capital expenditure in low-carbon and mitigation technologies.

Progress towards the Paris Agreement

More about the company

Headquarters
Perth, Perth, Australia
Group revenue
USD 3.60 billion
Ownership structure
Publicly listed
Number of employees
3,500
Scope of activity
Integrated
Website
https://www.woodside.com.au/