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Barossa Gas Project: Learn more

Our objective is to be an economically sustainable company which supplies reliable, affordable energy and contributes positively to the national and regional economies where we operate.

We seek to:

  • Maintain an economically sustainable operating model
  • Apply disciplined capital allocation to underpin investment
  • Pay tax and royalties and provide a return to the community

We pursue this objective with reference to the UN Sustainable Development Goals, in particular Goal 7: Affordable and Clean Energy and Goal 8: Decent Work and Economic Growth.

Our 2022 economic sustainability performance summary

  • Record annual production of 103.2 mmboe
  • Record free cash flow from operations of $3.6 billion, up 142 per cent
  • Balance sheet strengthened.  Liquidity of $5.5 billion and gearing reduced to 18.9%
  • Global tax and royalty contributions of $1,091 million

Read more about our economic sustainability performance in the 2023 Sustainability Report.

Case study: Pikka net-zero emissions project plans

Read more in our 2023 Sustainability Report.