NEW ENERGY AT WOODSIDE INTRODUCTION Disclaimer and important

NEW ENERGY AT WOODSIDE

INTRODUCTION Disclaimer and important notice This presentation contains forward looking statements that are subject to risk factors associated with oil and gas businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates. All references to dollars, cents or $ in this presentation are to US currency, unless otherwise stated. References to “Woodside” may be references to Woodside Petroleum Ltd. or its applicable subsidiaries.

OVERVIEW Woodside is Australia’s leading natural gas producer Over 65 years experience Over 30 years of exporting LNG to Asian markets Over 35 years of supplying gas to West Australians 3, 500+ employees

CLIMATE CHANGE: WE ARE TAKING ACTION SUPPORTING PARIS SUPPLYING GAS TO THE WORLD LIMITING OUR EMISSIONS BUILDING OUR OFFSET BUSINESS Aspiration to be net zero by 2050: 15% reduction by 2025, 30% by 2030 Natural gas is the natural step to net zero Energy efficiency, improved design, new sources of power One of the largest private investors in Australia in carbon farming NEW ENERGY AND LOW-CARBON SOLUTIONS One of the largest private investors in Australia in carbon farming Hydrogen, LNG fuels, research and development

HYDROGEN Hub vision A concept for future hydrogen production at scale Customer-led: • Mo. U with Korea Gas Corporation (KOGAS) to explore a green hydrogen export project. • Joint study with JERA to examine large-scale export of ammonia to decarbonise coal-fired power generation in Japan. • H 2 TAS in Tasmania - 10 MW pilot project producing 4. 5 tpd

The new Woodside Building for Technology and Design at Monash University, Melbourne, Australia

RESEARCH AND INNOVATION Collaborating on innovative responses to real-world challenges Woodside Monash Energy Partnership • Combined investment of more than A$40 million over seven years • Collaborative problem solving for the development of new sustainable energy technologies • Woodside Building for Technology and Design opened in 2020 • One of the world’s most efficient and innovative teaching buildings of its type The new Woodside Building for Technology and Design at Monash University, Melbourne, Australia

PARTNERSHIP COMMITMENT United Nations Sustainable Development Goals Woodside Monash Energy Partnership is committed to playing a fundamental role in achieving these goals through the strategic research program

RESEARCH VISION Research Themes Research Vision Strengthen global leadership in the energy transition and develop new sustainable energy technologies that deliver energy in cleaner ways Photos courtesy of Monash University

NEW ENERGY TECHNOLOGIES Projects An approach to determine an ideal hydrogen storage system. This will include quantitative simulations, energy models, and recommendations for structural and barrier materials to enable cryogenic liquid storage. Photos courtesy of Monash University This project will determine feasible technologies for electrolytic production of hydrogen gas from seawater.

ENERGY LEADERSHIP Projects Life cycle assessment methodology will be developed with consideration of environmental and energy flow impacts for assessment of new and emerging low energy technologies. Photos courtesy of Monash University This interdisciplinary project will investigate whethere is a relationship between: (a) low carbon energy regulatory policy and investment; (b) society’s energy economy; (c) information expressed in media and communication, AND exploring which of these topics can be used to predict how the three domains influence each other.

Head Office: Woodside Petroleum Ltd Mia Yellagonga 11 Mount Street Perth WA 6000 Postal Address: GPO Box D 188 Perth WA 6840 Australia T: +61 8 9348 4000 F: +61 8 9214 2777 E: companyinfo@woodside. com. au Woodside Petroleum Ltd ABN 55 004 898 962 woodside. com. au