Woodside Energy Group Ltd. confirmed that Liz Westcott will become the company’s chief executive officer and managing director effective March 17 2026, succeeding Meg O’Neill who resigned to take the CEO role at BP.
Westcott brings a deep reservoir of experience to the role. She spent 25 years at ExxonMobil, served as chief operating officer at EnergyAustralia, and has held several senior positions at Woodside, including acting CEO since December 2025 and executive vice‑president and chief operating officer for Australian operations.
The appointment is expected to reinforce Woodside’s focus on its flagship growth projects—Scarborough in Louisiana, the Louisiana LNG facility, and the Trion oil development—while sustaining the company’s commitment to operational excellence and shareholder value.
With Westcott’s permanent appointment, Woodside gains leadership continuity that should help maintain momentum on its expansion plans and support the execution of its strategic agenda, building on the record production and dividend performance of the past year.
Investors responded positively to the formal appointment, citing the stability of leadership and the company’s strong operational track record. Woodside’s FY2025 results included record production of 198.8 MMboe, a net profit after tax of $2.718 billion, an underlying NPAT of $2.649 billion, and $11 billion in dividends paid to shareholders since 2022.
Additional context highlights Woodside’s achievement of its 2025 net‑equity Scope 1 and 2 greenhouse‑gas emissions‑reduction target, its status as Australia’s largest independent oil and gas producer, and its ranking as the world’s No. 3 LNG exporter.
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