Woodside Energy Group stock adds Pemex MOU for Trion project

Published on 10/08/2026 at 04:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Woodside Energy Group stock was at AUD 31.50 on October 6, 2026, as a Pemex MOU opened Gulf of Mexico analysis. H1 revenue rose 13% to USD 7.4 billion.

Woodside, AU0000224040, Illustration mit AI erstellt.

Woodside Energy Group stock (ISIN AU0000224040) stood at AUD 31.50 on the ASX at 5:41 p.m. AEDT on October 6, 2026. The company had signed a nonbinding memorandum of understanding with Pemex for Gulf of Mexico exploration analysis, according to Journal of Petroleum Technology on October 1, 2026.

Pemex expands Trion options

The agreement covers analysis of hydrocarbon exploration and extraction opportunities in the Gulf of Mexico. Woodside and Pemex are developing the Trion oil project, where Woodside holds a 60 percent participating interest and first oil is scheduled for 2028.

The Trion project carries total capital investment of USD 7.2 billion, while the report described development as nearing 70 percent completion. The MOU is nonbinding, so its value for investors lies in the potential to extend Woodside's deepwater position rather than in immediate production.

First-half earnings provide the operating base

Woodside's first-half FY26 operating revenue rose 13 percent to USD 7.4 billion, while underlying net profit after tax increased 7 percent to USD 1.3 billion, Motley Fool Australia reported on September 18, 2026.

Free cash flow climbed 159 percent to USD 352 million, helped by a 20 percent increase in the average realized price to USD 74 per barrel of oil equivalent. Production volume fell 13 percent to 86.5 million barrels of oil equivalent, showing why project execution and commodity prices remain central to the earnings outlook.

Consensus stays below the ASX price

A separate USD-based consensus published by Bullstory on October 6, 2026, carried a Hold rating from one analyst and an average target of USD 24.53. Against the USD 21.77 reference used in that consensus, the target lies 12.7 percent above the price.

Woodside's next reporting date is October 20, 2026, according to the calendar published by MarketScreener. That date gives investors the next scheduled checkpoint for production, project progress and guidance.

Market value remains below the yearly high

Woodside's ASX market capitalization was AUD 59.4 billion on October 6, 2026. The stock's AUD 20.65 to AUD 34.63 52-week range places the AUD 31.50 quote 9.0 percent below the yearly high.