Rob Koh's questions to WOODSIDE ENERGY GROUP (WDS) leadership • H1 2025
Question
Rob Koh from Morgan Stanley asked about the potential for more executory contract deals similar to the Stone Peak transaction for other assets. He also inquired about contingencies in restoration provisions for pipeline removal and whether Woodside has any royalty refund deals for decommissioning.
Answer
CEO & Managing Director Meg O’Neill responded that while such models have been considered, they are more complicated for existing joint venture assets, and the current focus is on the Louisiana LNG HoldCo sell-down. Regarding provisions, she confirmed they include a risk-weighted cost for potential removal of pipelines. She also clarified that Woodside does not have royalty refund structures like Chevron's, but abandonment expenses are creditable against PRRT and income tax.