WOODSIDE ENERGY GROUP LTD

E.8 Subsidiaries

(a) Subsidiaries

1. Woodside Energy Group Ltd is the ultimate holding company and the head entity within the tax consolidated group.

2. These companies were members of the Australian tax consolidated group at 31 December 2025.

3. These companies were parties to the Deed of Cross Guarantee at 31 December 2025.

4. All subsidiaries are wholly owned except those referred to in Notes 5 to 16.

5. Kansai Electric Power Australia Pty Ltd and MidOcean Pluto Pty Ltd each hold a 5% interest in the shares of these subsidiaries. These subsidiaries are

controlled.

6. Williams Louisiana LNG LLC holds a 10% interest in the shares of Louisiana LNG LLC, a subsidiary controlled by the Group.

7. Stonepeak Wallaby I Acquiror LP holds a 57% interest in the shares of Louisiana LNG Infrastructure LLC, a subsidiary controlled by the Group.

Stonepeak’s non-controlling interest (NCI) percentage is based on the proportion of total contributions to date and will fluctuate during the

construction phase. The NCI percentage is expected to revert to 40% when the project starts generating revenue.

8. As at 31 December 2025, Woodside Energy Holdings Pty Ltd held a 99% interest in the shares of PT Woodside Energy Indonesia. Woodside Energy

Ltd held the remaining 1% interest.

9. As at 31 December 2025, Woodside Energy Holdings Pty Ltd held >99.99% interest in the shares of Woodside Energy (Tanzania) Limited and

Woodside Energy Ltd held the remaining interest.

10. As at 31 December 2025, Woodside Energy Holdings (South America) Pty Ltd held 87.64% interest in the shares of Woodside Energia (Brasil) Apoio

Administrativo Ltda and Woodside Energy Ltd held the remaining interest.

11. As at 31 December 2025, Woodside Energy International (Canada) Limited and Woodside Energy (Canada LNG) Limited were the general partners

of the KM LNG Operating General Partnership holding a 99.99% and 0.01% partnership interest, respectively. Country of incorporation reflects

the place of formation.

12. As at 31 December 2025, Woodside Energy Ltd held 99%interest in the shares of LakesEntrance Private Limited. Woodside Energy Holdings Pty Ltd

held the remaining 1% interest.

13. As at 31 December 2025, Woodside Energy Global Holdings Pty Ltd held a 99.99% interest in shares of Perdido Mexico Pipeline Holdings, S.A. de

C.V. Woodside Energy Investments Pty Ltd held the remaining 0.01% interest. As at 31 December 2025, Perdido Mexico Pipeline Holdings S.A. de

C.V. held a 99.99% interest in shares of Perdido Mexico Pipeline S. de R.L. de C.V. Woodside Energy Investments Pty Ltd held the remaining 0.01%

interest.

14. As at 31 December 2025, Woodside Energy Investments Pty Ltd held a 99.97% interest in shares of Woodside Energia Brasil Investimentos Ltda.

Woodside Energy Global Holdings Pty Ltd held the remaining 0.03% interest. As at 31 December 2025, Woodside Energia Brasil Investimentos Ltda.

held >99.99% interest in shares of Woodside Energia Brasil Exploração e Produção Ltda. Woodside Energy Global Holdings Pty Ltd held the

remaining interest.

15. As at 31 December 2025, Woodside Energy Global Holdings Pty Ltd held 90% voting interest and 37.67% interest in shares of Woodside Energy

USA Operations Inc. Woodside Energy Holdings LLC held the remaining 10.00% voting interest and 62.33% interest in shares.

16. As at 31 December 2025, Woodside Energy (Mexico) Limited held a 99% interest in shares of Woodside Energía Servicios Administrativos, S. de

R.L. de C.V., Woodside Energía Servicios de México, S. de R.L. de C.V. and Operaciones Conjuntas, S. de R.L. de C.V. and 99.99% interest in

shares of Woodside Energía Holdings de México, S. de R.L. de C.V. Woodside Energy (Mexico Holdings) LLC held the remaining 1% and 0.01%

interests. As at 31 December 2025, Woodside Energía Holdings de México, S. de R.L. de C.V. held a 99% interest in shares of Woodside Petróleo

Operaciones de México, S. de R.L. de C.V. Woodside Energy (Mexico Holdings) LLC held the remaining 1% interest.

17. As at 31 December 2025, Woodside Energy (LA) Investments LLC held 20.00% of the shares in Driftwood Pipeline LLC. This investment has been

accounted for as an investment in associate.

18. As at 31 December 2025, Woodside Energy Technologies Pty Ltd held 16.17% of the shares in Blue Ocean Seismic Services Limited and 25.32% of the shares

in Oakbio Inc which are accounted for as investments in associate.

19. As at 31 December 2025, Woodside Energy (North West Shelf) Pty Ltd and Woodside Petroleum Holdings Pty Ltd each held 16.67% of the shares in

International Gas Transportation Company Limited. This investment has been accounted for as an investment in associate.

20. As at 31 December 2025, Woodside Energy Hawaii Inc held 14.96% of the shares in Iwilei District Participating Parties LLC which is accounted for as an

investment in associate.

21. As at 31 December 2025, Woodside Energy (Deepwater) Inc held 25.00% of the shares in Caesar Oil Pipeline Company LLC,22.00% of the shares in

Cleopatra Gas Gathering Company LLC and 13.08% of the shares in Marine Well Containment Company LLC. These are accounted for as investments in

associates.

Classification

Subsidiaries are all the entities over which the Group has the power over the investee such that the Group is able to direct the relevant

activities; has exposure, or rights, to variable returns from its involvement with the investee; and has the ability to use its power over the

investee to affect the amount of the investor’s returns.

(b) Subsidiaries with material non-controlling interests

The Group hastwo Australian subsidiaries andtwo International subsidiaries with material non-controlling interests (NCI).

1. The non-controlling interest in Louisiana LNG Infrastructure LLC is measured at its proportionate share of the subsidiary’s net

assets. The proportion of net assets each member is entitled to upon liquidation varies prior to operations commencement. Prior to

this milestone, entitlements are determined in proportion to the cumulative capital contributions made by each member. The NCI

percentage is expected to revert to 40% when the project commences operations.

The summarised financial information (including consolidation adjustments but before intercompany eliminations) of subsidiaries with

material NCI is as follows:

(c) Deed of Cross Guarantee and Closed Group