Key Highlights

  • Premarket trading showed the shares up 1.69% at $21.01 after a 10.45% fall to $20.66 on June 15.
  • The stock traded between $20.64 and $21.43 in the previous session, with volume of about 1.95 million shares.
  • First-quarter production was 45.2 million barrels of oil equivalent, or 502,000 barrels of oil equivalent per day.
  • The company reported an average realised price of $63 per barrel of oil equivalent, while Scarborough was 96% complete.

Woodside Energy Group Ltd. (NYSE:WDS) showed a modest rebound before the June 16 open, following a heavy selloff in the previous session as crude prices fell and pressure spread across large-cap energy names.

The shares traded around $21.01 in premarket dealings, up 1.69% from the June 15 close of $20.66. During Monday’s session, the stock lost $2.41, or 10.45%, after opening at $21.07.

The earlier decline came as lower oil prices reduced support for global producers with large LNG and upstream portfolios. Woodside’s US-listed shares had also been adjusting to recent takeover speculation, with the company stating over the weekend that it was not aware of any proposal involving Exxon Mobil.

Operationally, the business reported a steady first quarter. Production volumes reached 45.2 million barrels of oil equivalent, or 502,000 barrels per day, while the average realised quarterly price rose 11% from the previous quarter to $63 per barrel of oil equivalent.

Project execution remained a key focus. Scarborough was 96% complete and on track for first LNG in the fourth quarter of 2026, while the Louisiana LNG project was 24% complete, with Train 1 at 31% completion.

The company maintained 2026 guidance, including total production of 172 million to 186 million barrels of oil equivalent and capital expenditure of $4.0 billion to $4.5 billion. The June 15 close valued Woodside at about $39.17 billion.

Shares have traded between $14.27 and $25.19 over the past 52 weeks. The slight premarket rebound suggested some stabilisation, but the stock remained well below the previous session’s opening level.