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Woodside to review Beaumont New Ammonia clean energy project in Texas

businessinsider
Aug 25, 2026 at 12:45 PM

Woodside Energy announced a strategic review of its $2.35B Beaumont New Ammonia project in Texas, potentially seeking a buyer due to shifted policy positions and weak demand. The company also abandoned its previous $5B clean energy investment target by 2030, citing market delays. Despite these strategic shifts, Woodside reported a 7% rise in H1 net profit to $1.33B and maintained its FY 2026 production forecast.

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Woodside Energy

Woodside Energy

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