{"product_id":"woodside-business-model-canvas","title":"Woodside Energy Group Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eWoodside's Business Model: A Deep Dive\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eUnlock the strategic blueprint behind Woodside Energy Group's operations with our comprehensive Business Model Canvas. Discover how they connect with key partners, deliver value to diverse customer segments, and manage their cost structure for sustained growth. This detailed analysis is essential for anyone looking to understand the drivers of success in the energy sector.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eJoint Venture Partners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eWoodside Energy Group actively forms joint ventures for significant energy developments, a strategy that allows for the sharing of substantial capital expenditures and operational risks. These collaborations are vital for tackling complex, high-cost ventures such as offshore gas fields and liquefied natural gas (LNG) facilities. By distributing the financial load and pooling diverse technical skills, Woodside enhances its project execution capabilities.\u003c\/p\u003e\n\u003cp\u003eIn 2024, Woodside's participation in the North West Shelf Project, a cornerstone of its Australian operations, continues to exemplify the benefits of joint venture partnerships. Similarly, the ongoing development of the Scarborough and Trion projects, both substantial undertakings, rely heavily on these strategic alliances to manage their immense capital requirements and technical complexities, underscoring the critical role of joint ventures in Woodside's business model.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTechnology and Service Providers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eWoodside Energy Group heavily relies on technology and service providers to drive innovation and operational excellence across its diverse energy portfolio. These partnerships are crucial for developing and deploying advanced exploration and production techniques, as well as for advancing new energy solutions like hydrogen and carbon capture. For instance, collaborations with specialized firms ensure access to cutting-edge drilling technologies and digital platforms that enhance efficiency and safety.\u003c\/p\u003e\n\u003cp\u003eIn 2024, Woodside continued to strengthen these ties, emphasizing partnerships for carbon capture, utilization, and storage (CCUS) technologies, a key component of its decarbonization strategy. These collaborations are vital for accessing specialized expertise and proprietary systems needed to implement complex projects, ensuring Woodside remains at the forefront of sustainable energy development.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOfftake and Supply Agreements\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eWoodside Energy Group's key partnerships are heavily reliant on offtake and supply agreements, particularly Sale and Purchase Agreements (SPAs) with international customers for its Liquefied Natural Gas (LNG) and natural gas. These long-term contracts are vital for guaranteeing future demand, thereby de-risking significant capital investments in major projects.\u003c\/p\u003e\n\u003cp\u003eFor instance, Woodside has secured SPAs with buyers for its Pluto Train 2 expansion, ensuring a market for the additional LNG produced. In 2024, the company continued to forge such partnerships, including agreements for LNG supply from its proposed Louisiana LNG export facility, demonstrating a consistent strategy to lock in revenue streams through these crucial customer relationships.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGovernment and Regulatory Bodies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eWoodside Energy Group actively collaborates with governments and regulatory bodies worldwide to secure essential licenses and environmental approvals. This engagement is crucial for maintaining its social license to operate and navigating complex legal landscapes, including tax transparency and project sanctioning processes. For instance, in 2024, Woodside continued its engagement with the Australian government on various policy matters affecting the energy sector.\u003c\/p\u003e\n\u003cp\u003eThese partnerships are fundamental for Woodside’s project development lifecycle, ensuring adherence to both local and international regulations. By working closely with these authorities, the company can mitigate risks associated with compliance and operational approvals.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eRegulatory Compliance:\u003c\/strong\u003e Ensuring adherence to all relevant energy, environmental, and safety regulations across operating jurisdictions.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eLicensing and Approvals:\u003c\/strong\u003e Securing and maintaining exploration permits, production licenses, and project development approvals.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePolicy Engagement:\u003c\/strong\u003e Participating in consultations and dialogues with governments on energy policy, taxation, and climate change initiatives.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eSocial License:\u003c\/strong\u003e Building and maintaining trust with communities and governments through transparent operations and responsible resource management.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancial and Investment Partners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eWoodside Energy Group actively cultivates relationships with a diverse array of financial and investment partners to support its extensive project portfolio. These collaborations are crucial for de-risking major capital expenditures and ensuring efficient capital allocation across its operations.\u003c\/p\u003e\n\u003cp\u003ePartnerships with institutions like private equity firms and investment banks provide substantial funding, enabling Woodside to undertake large-scale infrastructure developments. This strategic approach allows for effective balance sheet management while pursuing ambitious growth initiatives.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eFinancial Institutions:\u003c\/strong\u003e Collaborations with banks and investment firms secure project financing and optimize capital structure.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePrivate Equity:\u003c\/strong\u003e Partnerships with PE firms, such as Stonepeak, provide significant equity and co-investment opportunities, as seen in the Louisiana LNG project.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eInvestment Funds:\u003c\/strong\u003e Access to infrastructure funds and other specialized investment vehicles diversifies funding sources and shares project risk.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eStrategic Alliances:\u003c\/strong\u003e Joint ventures with other energy companies often involve shared financial commitments and risk mitigation strategies.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Partnerships Drive Innovation and Decarbonization\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eWoodside's key partnerships extend to technology and service providers, crucial for innovation and operational efficiency. These collaborations are vital for accessing cutting-edge exploration and production techniques, as well as for advancing new energy solutions like hydrogen and carbon capture. In 2024, Woodside continued to strengthen ties with specialized firms for carbon capture, utilization, and storage (CCUS) technologies, a key part of its decarbonization strategy.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003ePartner Type\u003c\/th\u003e\n\u003cth\u003eRole\u003c\/th\u003e\n\u003cth\u003e2024 Focus\/Example\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTechnology Providers\u003c\/td\u003e\n\u003ctd\u003eAccess to advanced exploration, production, and digital solutions\u003c\/td\u003e\n\u003ctd\u003eEnhancing drilling techniques and digital platforms for efficiency and safety\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eService Providers\u003c\/td\u003e\n\u003ctd\u003eSpecialized expertise for project execution and maintenance\u003c\/td\u003e\n\u003ctd\u003eSupporting offshore operations and new energy infrastructure development\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCCUS Specialists\u003c\/td\u003e\n\u003ctd\u003eDeveloping and deploying carbon capture technologies\u003c\/td\u003e\n\u003ctd\u003eCollaborations for proprietary systems in decarbonization efforts\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA comprehensive, pre-written business model tailored to Woodside Energy Group's strategy, covering customer segments, channels, and value propositions in full detail.\u003c\/p\u003e\n\u003cp\u003eReflects the real-world operations and plans of the featured company, organized into 9 classic BMC blocks with full narrative and insights.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eWoodside Energy Group's Business Model Canvas acts as a pain point reliever by providing a clear, visual framework to understand complex operational dependencies and identify areas for efficiency improvements, thereby mitigating risks associated with large-scale energy projects.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eExploration and Appraisal\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eExploration and appraisal are critical for Woodside Energy Group to find and assess new oil and gas reserves, ensuring the company’s future production. This involves extensive geological and geophysical studies, such as seismic surveys, to pinpoint potential resources. For instance, in 2024, Woodside continued its exploration efforts in frontier basins, aiming to add to its already substantial reserve base.\u003c\/p\u003e\n\u003cp\u003eThe process includes exploratory drilling to confirm the presence and quantity of hydrocarbons and evaluate their commercial feasibility. These activities are fundamental to replenishing the company's resource base and supporting long-term operational sustainability. Woodside’s strategic focus remains on high-quality exploration opportunities that align with its growth objectives.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDevelopment and Construction\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eWoodside Energy Group's development and construction activities are the backbone of its operations, encompassing the intricate planning, meticulous engineering, and rigorous construction of large-scale energy infrastructure. This includes everything from complex offshore platforms and vital subsea networks to extensive pipeline systems and sophisticated LNG processing plants. These endeavors are inherently capital-intensive, demanding substantial financial investment and a high degree of project management proficiency to successfully transition new energy fields from discovery to production.\u003c\/p\u003e\n\u003cp\u003eThe company's commitment to development and construction is evident in its portfolio of major projects. As of recent reporting, significant progress is being made on the Scarborough offshore gas project, a key contributor to future LNG supply. Additionally, Woodside is advancing the Trion deepwater oil field development in Mexico and the Louisiana LNG export facility in the United States, underscoring its strategic focus on expanding its global energy footprint and delivering essential energy resources.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProduction and Operations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eWoodside Energy Group's key activities center on the safe and efficient extraction of oil, natural gas, condensate, and liquefied natural gas (LNG) from its diverse portfolio of existing fields. This involves meticulous management of production facilities and the ongoing maintenance of critical infrastructure to ensure high operational reliability.\u003c\/p\u003e\n\u003cp\u003eThe company's strategy heavily relies on optimizing output from its high-quality, long-life assets, a core tenet of its operational approach. In 2023, Woodside reported a production of 186 million barrels of oil equivalent (MMboe), underscoring its substantial operational capacity.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMarketing and Trading\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eWoodside Energy Group actively markets and trades its hydrocarbon production, engaging both domestic and international clients. This involves securing favorable pricing through the negotiation of long-term agreements and strategic market optimization.\u003c\/p\u003e\n\u003cp\u003eA key element of their strategy is the increasing reliance on gas hub-linked pricing for Liquefied Natural Gas (LNG) sales, reflecting a shift towards more transparent and market-responsive contract structures.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eSales and Marketing:\u003c\/strong\u003e Woodside is responsible for selling its produced hydrocarbons to domestic and international customers.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eContract Negotiation:\u003c\/strong\u003e This includes negotiating long-term contracts, managing logistics, and optimizing sales across various markets to achieve favorable pricing.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eLNG Pricing Strategy:\u003c\/strong\u003e The company increasingly focuses on gas hub-linked pricing for LNG.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMarket Reach:\u003c\/strong\u003e Woodside's marketing efforts span diverse global energy markets, ensuring efficient placement of its production.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNew Energy Development and Decarbonisation Initiatives\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eWoodside Energy Group is actively investing in and developing new energy solutions, focusing on hydrogen and carbon capture and storage (CCS) technologies. This strategic move aims to diversify its energy portfolio and significantly reduce its carbon footprint, aligning with broader global energy transition objectives. The company is also exploring opportunities in lower-carbon ammonia production.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eHydrogen Investments:\u003c\/strong\u003e Woodside is progressing its hydrogen projects, including the proposed H2Perth project in Western Australia, which aims to produce hydrogen for domestic and export markets.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCCS Technology Development:\u003c\/strong\u003e The company is a leader in CCS, with its North West Shelf Project being a key area for developing and implementing CCS solutions to abate CO2 emissions from its operations.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eLower-Carbon Ammonia:\u003c\/strong\u003e Woodside is evaluating the potential for producing lower-carbon ammonia, leveraging its existing infrastructure and expertise in gas processing, to meet growing demand for cleaner fuels.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAlignment with Global Goals:\u003c\/strong\u003e These initiatives directly support international decarbonisation targets and position Woodside as a key player in the evolving energy landscape, with a commitment to reducing the emissions intensity of its products.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnergy Company's Full Spectrum: Exploration, Production, and Future Growth\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eWoodside Energy Group's key activities encompass the entire lifecycle of oil and gas production, from initial exploration and appraisal to the development of complex infrastructure and the efficient extraction of resources. The company also actively markets its production and invests in lower-carbon energy solutions.\u003c\/p\u003e\n\u003cp\u003eThe company's 2023 production reached 186 million barrels of oil equivalent (MMboe). Woodside is also advancing significant projects like the Scarborough offshore gas project and the Trion deepwater oil field development.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003ctd\u003eKey Activity\u003c\/td\u003e\n\u003ctd\u003eDescription\u003c\/td\u003e\n\u003ctd\u003e2023\/2024 Highlights\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eExploration \u0026amp; Appraisal\u003c\/td\u003e\n\u003ctd\u003eFinding and assessing new oil and gas reserves.\u003c\/td\u003e\n\u003ctd\u003eContinued exploration in frontier basins.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDevelopment \u0026amp; Construction\u003c\/td\u003e\n\u003ctd\u003eBuilding offshore platforms, subsea networks, and LNG plants.\u003c\/td\u003e\n\u003ctd\u003eProgress on Scarborough, Trion, and Louisiana LNG projects.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProduction\u003c\/td\u003e\n\u003ctd\u003eExtracting oil, natural gas, condensate, and LNG.\u003c\/td\u003e\n\u003ctd\u003eProduced 186 MMboe in 2023; optimizing long-life assets.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSales \u0026amp; Marketing\u003c\/td\u003e\n\u003ctd\u003eSelling hydrocarbon production to domestic and international clients.\u003c\/td\u003e\n\u003ctd\u003eIncreasing focus on gas hub-linked pricing for LNG.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNew Energy Development\u003c\/td\u003e\n\u003ctd\u003eInvesting in hydrogen and carbon capture and storage (CCS).\u003c\/td\u003e\n\u003ctd\u003eProgressing H2Perth project; developing CCS solutions.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eDelivered as Displayed\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe Business Model Canvas you are previewing is the actual, complete document you will receive upon purchase. This means you get the exact same comprehensive analysis of Woodside Energy Group's business strategy, ready for immediate use. No samples or mockups, just the full, professionally structured Business Model Canvas.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"PESTEL Analysis","offers":[{"title":"Default Title","offer_id":55297676083548,"sku":"woodside-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/8127\/0620\/files\/woodside-business-model-canvas.png?v=1755799062","url":"https:\/\/pestel-analysis.com\/products\/woodside-business-model-canvas","provider":"PESTEL ANALYSIS","version":"1.0","type":"link"}