The company reported net income of $31.6 million. The result was driven primarily by a $46.4 million gain from the revaluation of warrant liabilities. Its adjusted net loss was $9.4 million. Revenue fell 26%.

Woodside also plans annual cost reductions of $400 million from 2028. It intends to distribute 20% to 40% of operating cash flow to shareholders as dividends.

Adjusted operating cash flow rose 75% year over year to C$6.71 billion. The company raised its dividend by 10%. It is also advancing the sale of non-core assets.

Shell's third-quarter adjusted earnings nearly doubled to $10.8 billion as record refining margins and higher LNG prices boosted profits amid global energy supply disruptions.

GE Vernova is buying high-voltage equipment maker Trench Group from Triton Partners for $9 billion and raised its 2026 revenue forecast for the third straight time on Wednesday

EQT will buy Range Resources in an all-stock deal that creates the largest vertically integrated U.S. gas producer, with 9 Bcfe a day of Appalachian gas.

Oilfield services giant SLB (NYSE: SLB) reported better-than-expected third-quarter earnings on Friday

European natural gas prices climbed to nearly 90 euros per MWh, the highest since 2022, as Middle East escalation and low storage threaten winter supply.

Woodside reports stronger third-quarter LNG production and revenue, narrows its 2026 output guidance, and advances major energy projects.