ii Woodside Petroleum Ltd|Annual Report 2018
About this report
This Annual Report 2018 is a summary of Woodside’s
operations and activities for the 12-month period ended
31 December 2018 and ﬁnancial position as at 31 December
2018. Woodside Petroleum 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’ and the ‘Group’, the ‘company’, ‘we’, ‘us’ and
‘our’ refer to Woodside Petroleum 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. In this report, references to a year are
to the calendar and ﬁnancial year ended 31 December 2018
unless otherwise stated.
All dollar ﬁgures are expressed in US currency, Woodside share,
unless otherwise stated.
On the cover
Pluto LNG onshore processing facility, loading LNG for export.
Expansion of Pluto LNG is a key component of Woodside's
plans to develop the Scarborough gas resource.
We have indicated where additional information is available
online and in other sections of this report like this:
Refer to the Glossary section on pages 148–149 for key
terms, units of measurement and conversion factors.
Refer to Woodside’s website for more information
This report contains forward-looking statements. Please refer to
page 144, which contains a notice in respect of these statements.
We are working with Green ReportsTM
on an initiative ensuring that
communications minimise environmental
impact and create a more sustainable
future for the community.
A summary of Woodside’s
sustainability approach, actions
and performance for the 12-month
period ended 31 December 2018
is included in our Sustainable
Development Report 2018.
This report will be available
on 7 March 2019.
Results for announcement to the market 2018 Restated 20171
Revenue from ordinary activities increased 31.8% to US$5,240 million US$3,975 million
Proﬁt from ordinary activities after tax attributable to members increased 27.6% to US$1,364 million US$1,069 million
Net proﬁt from the period attributable to members increased 27.6% to US$1,364 million US$1,069 million
Amount per security Franked amount per security
Final dividend (US cents per share) Ordinary 91¢ Ordinary 91¢
Interim dividend (US cents per share) Ordinary 53¢ Ordinary 53¢
None of the dividends are foreign sourced
Previous corresponding period:
Final dividend (US cents per share) Ordinary 49¢ Ordinary 49¢
Interim dividend (US cents per share) Ordinary 49¢ Ordinary 49¢
Ex-dividend date 22 February 2019
Record date for determining entitlements to the ﬁnal dividend 25 February 2019
Payment date for the ﬁnal dividend 20 March 2019
Net tangible asset per security 31 December 2018 Restated 31 December 20171
1. 2017 amounts have been restated for the retrospective application of AASB 15 Revenue from Contracts with Customers (AASB 15). Refer to Note E.10(b) in the Financial
Statements for further details.