Woodside Energy, based in Perth, Australia, reported a remarkable 8% rise in second-quarter revenue, primarily attributed to the successful output from Senegal's Sangomar project. The company's total production increased by 13% to 50.1 million barrels of oil equivalent (boe). Despite facing challenges such as abandoning the H2OK hydrogen project in Oklahoma due to cost escalation and weak demand, Woodside's shares saw a rise of over 2%. On the positive side, Woodside completed a significant strategic move by selling a 40% stake in its Louisiana LNG project for $5.7 billion, with the buyer agreeing to fund a majority of the capital expenditures. The company also adjusted its 2025 production forecast slightly following the asset sale, now expecting to produce between 188 million and 195 million boe. Woodside also faces increasing decommissioning costs for its aging offshore facilities, with projected pre-tax charges of $400-$500 million related to this work. Despite challenges, Woodside Energy's strong performance and strategic decisions have been viewed positively by investors, reflected in the rise of its shares and overall market sentiment.