Australia's Woodside pays A$3.7bn in taxes, royalties in H1

Perth-based oil and gas producer Woodside Energy has paid A$3.7bn ($2.4bn) in taxes and royalties to the Australian Commonwealth and state governments in the first half of 2023, it announced on November 6.

The company’s Australian taxes are paid by a number of entities: Woodside Energy Group; the 90%- owned Burrup entities, Burrup Facilities Company and Burrup Train 1, which support the Pluto project; Woodside Energy (Bass Strait); and Woodside Energy (Australia).

CEO Meg O’Neill said, “Our contribution demonstrates that when Woodside performs well, Western Australia, Australia and the other countries where we operate enjoy significant benefits through our tax and royalty payments.”

Woodside added that since 2011, it has paid more than A$18bn in Australian taxes and royalties.