WDS Woodside Energy Group Ltd

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM SD

SPECIALIZED DISCLOSURE REPORT

WOODSIDE ENERGY GROUP LTD

(Exact name of the registrant as specified in its charter)

Marcela Louzada

Woodside Energy Group Ltd

Mia Yellagonga, 11 Mount Street

Perth, Western Australia 6000

Telephone No.: +61 (8) 9348 4000

(Name and telephone number, including area code, of the person to contact in connection with this report.)

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:

Section 2 – Resource Extraction Issuer Disclosure

Item 2.01  Resource Extraction Issuer Disclosure and Report

Woodside Energy Group Ltd (Woodside) is relying on the alternative reporting provision of Item 2.01 of Form SD.

Woodside is subject to, and publishes its Report on Payments to Governments in response to the requirements of, DTR 4.3A of the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (DTR 4.3A) that implements the payments to governments requirements provided for in the EU Transparency Directive in the United Kingdom.

Woodside’s Report on Payments to Governments for the year ended December 31, 2023, was submitted to the FCA National Storage Mechanism and is available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. It is also available on Woodside’s website at www.woodside.com. The information contained on Woodside’s website is not incorporated by reference into this Form SD and should not be considered part of this Form SD.

The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.

Section 3 – Exhibits

Item 3.01  Exhibits

The following exhibit is included as part of this report.

Exhibit 2.01 – Our Report on Payments to Governments for the year ended December 31, 2023.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.

Exhibit 2.01

REPORT ON PAYMENTS TO GOVERNMENTS

YEAR ENDED

31 DECEMBER 2023

Contents

ACKNOWLEDGING COUNTRY

Woodside recognises Aboriginal and Torres Strait Islander peoples as Australia’s first peoples. We acknowledge the unique connection that First Nations people have to land, waters and the environment. We extend this recognition and respect to First Nations peoples and communities around the world.

DISCLAIMER

All references to dollars, cents or $ in this report are to US currency, unless otherwise stated. This report does not include any express or implied prices at which Woodside will buy or sell financial products. This report contains references to Woodside’s website. These references are for the readers’ convenience only. Woodside is not incorporating by reference into this report any information posted on woodside.com. The content of any other websites referred to in this report does not form part of this report.

About this report

This report sets out Woodside’s payments to governments in accordance with the requirements of the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (DTR) set out in DTR 4.3A.

Woodside Energy Group Ltd (ABN 55 004 898 962) is the ultimate holding company of the Woodside group of companies. In this report, unless otherwise stated, references to ‘Woodside’, the ‘Group’, the ‘company’, ‘we’, ‘us’ and ‘our’ refer to Woodside Energy Group Ltd and its controlled entities, as a whole. The text does not distinguish between the activities of the ultimate holding company and those of its controlled entities.

BASIS OF PREPARATION

Woodside Energy Group Ltd has prepared the following consolidated report (Report) on payments to governments made by Woodside Energy Group Ltd and its subsidiaries for the year ended 31 December 2023 in accordance with the requirements of the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (DTR) set out in DTR 4.3A (Regulations).

These rules require Woodside Energy Group Ltd to prepare a consolidated report on payments made to governments for each financial year in relation to relevant activities of both Woodside Energy Group Ltd and any of its subsidiaries included in the consolidation. Where Woodside has made a payment to a government, such payment is reported in full, whether made in Woodside’s sole capacity or in Woodside’s capacity as the operator of a joint venture. Payments made to governments in connection with joint ventures are included in the Report if, and to the extent that, Woodside makes the relevant payment. Typically, such circumstances will arise where Woodside is the operator of the joint venture or project. Conversely, for joint ventures or projects for which Woodside is not the operator, the operating party often (but not always) makes the relevant payment. Payments to governments are reported on a cash basis (meaning they are reported in the period in which they are paid as opposed to being reported on an accruals basis).

Activities

Payments made by Woodside to governments that relate to Woodside’s activities, including the exploration, discovery, development and extraction of oil and natural gas deposits, are included in this Report. Where a payment relates to activities that are reportable under the Regulations as well as to activities which are not reportable, Woodside reports the payment in its entirety if it is not possible to disaggregate the portion that is not reportable. As such, for fully integrated projects, payments to governments are generally disclosed in full. Social investment payments, payments not specifically related to the extractive industry such as shipping and marketing activities and payments below the materiality threshold as noted under “Materiality”, have been excluded from this Report.

Government

Government is defined as any national, regional or local authority of a country, and includes department, agency or entity that is a subsidiary of a government, including a national oil company.

Project

Payments are reported at project level except for payments that are not attributable to a specific project, which are reported at the entity level. Project is defined as operational activities which are governed by a single contract, licence, lease, concession or similar legal agreement, and form the basis for payment liabilities with a government. If these agreements are substantially interconnected, then they may be treated as a single project.

Substantially interconnected means forming a set of operationally and geographically integrated contracts, licences, leases or concessions or related agreements with substantially similar terms that are signed with a government, giving rise to payment liabilities.

Materiality

In accordance with the Regulations, payments below £86,000 to a government are excluded from this Report.

Reporting currency

All payments are reported in US dollars. Payments made in currencies other than US dollars are typically translated at the exchange rate at the day of payment.

Payment types

The information is reported under the following payment types in accordance with the Regulations.

Production entitlements

Payments to governments entitled to a share of production under production sharing agreements. Production entitlements are most often paid in-kind. In-kind payments are measured based on the market value of the commodity on the date of delivery to the government.

Taxes

Taxes paid by Woodside on its income, production or profit which includes petroleum resource rent tax (PRRT). Payments reported are net of refunds. Taxes levied on consumption are not reportable under the Regulations. These include value-added tax, sales and use taxes, customs duties, employee taxes and stamp duties.

Royalties

Payments to governments for the rights to extract petroleum resources, typically at a prescribed percentage of revenue less any deductions that may be taken.

Dividends

Dividend payments paid in lieu of production entitlements or royalties. It excludes dividends paid to a government as an ordinary shareholder on the same terms as other ordinary shareholders and is not in lieu of production entitlements or royalties. For the year ended 31 December 2023, there were no reportable dividend payments to governments.

Signature, discovery and production bonuses

Payments related to signature, discovery and production bonuses and other bonuses payable under licences or concessions agreements.

Fees

Payments related to licence fees, rental fees, entry fees and other considerations for licences or concessions.

Infrastructure improvements

Payments for the construction of public infrastructure such as roads. For the year ended 31 December 2023, there were no reportable infrastructure improvement payments to governments.

Payments by government

Payments by project