Woodside Energy Shares Fall Amid Emissions Debate

Woodside Energy (ASX:WDS) shares fell by 3.43% to AUD 31.26 on July 27, 2026. The company's progress on its emissions reduction targets and capital expenditure guidance for 2026 are being closely watched.

The Australian oil and gas producer reported that it had successfully met its target of reducing net equity Scope 1 and 2 emissions by 15% by 2025, with a current level of 5,334 kt CO2-e. However, the company used 1,283 kt CO2-e of carbon credits to offset gross emissions, which some critics argue does not reduce emissions at the plant gate.

Woodside's capital expenditure guidance for 2026 is US$4 billion to $4.5 billion, dominated by the Scarborough and Trion projects in Australia and Louisiana LNG in the United States. The company expects its own exposure to be under 60% of total project capital, with partners taking on a significant share.