Woodside Petroleum

Woodside Petroleum is an Australian oil and gas company with a global presence, recognised for its abilities as an explorer, a developer, a producer and a supplier. The company is the pioneer of the Liquefied Natural Gas (LNG) industry in Australia and the largest Australian natural gas producer. Woodside operated 6% of global LNG supply in 2019. The company is listed on the Australian Securities Exchange.
Supporter since 2008

Statement of Support

Woodside recognises the interests of its stakeholders in transparency and commends tax transparency initiatives that increase public confidence in the contributions and compliance of corporate taxpayers. Companies' transparency around their financial payments to governments is critical for confidence and stability in our fiscal, political and regulatory regimes.

Engagement with the EITI

Woodside is committed to reporting its petroleum tax and fee payments in countries where it has an interest. The company is actively involved in the EITI implementation process where it operates. It is part of the multi-stakeholder group in Timor-Leste and in October 2018, Woodside provided sponsorship for the EITI Beneficial Ownership event in Senegal.

Woodside recognised the government of Myanmar’s achievement of EITI candidate status in July 2014. The company believes that compliance with EITI standards and principles will assist in the management of revenue received from Myanmar’s resources sector.

Strengthening transparency

As an Australian headquartered company, the company is proactively engaging with the Australian Taxation Office (ATO) under the Justified Trust framework. Woodside reports under the Australian Board of Taxation’s Voluntary Tax Transparency Code and other applicable transparency initiatives, including the EITI Standard. Additional information on Woodside’s transparency policies can be found here.

Link to the statement of support on Woodside's website

Statement of Support to the EITI on Woodside's website