MELBOURNE (S&P Global Ratings) May 14, 2025--S&P Global Ratings today assigned its 'BBB+' long-term issue rating to senior unsecured notes that Woodside Finance Ltd. proposes to issue. Woodside Finance is the financing subsidiary of Woodside Energy Group Ltd. (Woodside), which will guarantee the notes. The proposed notes will rank equally with Woodside's (BBB+/Negative/--) existing senior unsecured notes. We align the issue rating with the long-term issuer credit rating on the Australia-based oil and gas producer. The group will use net proceeds from the notes for general corporate purposes such as working capital and capital expenditure such as its recently sanctioned Louisiana liquefied natural gas (LNG) project. Underpinning the 'BBB+' rating is Woodside's diverse asset portfolio, low operating costs, solid free
