This report does not constitute a rating action. MELBOURNE (S&P Global Ratings) Aug. 22, 2023-- Woodside Energy Group Ltd. 's financial metrics and liquidity position provide ample flexibility at the current rating for the company to execute its sizable growth pipeline. Woodside's (BBB+/Stable/--) increased production volume of 91.3 million barrels of oil equivalent in the six months to June 30, 2023--stemming from the benefits of the BHP Petroleum merger and continuing favorable price conditions--provides the Australia-based oil and gas producer with the funding flexibility to support its growth ambitions. The company's strong free cash flow and liquidity, with available cash and undrawn facilities of approximately US$7.5 billion, enable Woodside to comfortably meet its capital expenditure (capex) guidance of US$6.0 billion-US$6.5
