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Woodside operates a number of offshore wells in the North West Shelf , a huge new oil and gas field off the north-western coast of Western Australia, and is conducting exploration in a number of other areas off Western Australia and Victoria. In the United States, it is currently exploring several fields in the Gulf of Mexico. It operates a number of oil and gas fields off the coast of Mauritania, and is a partner in fields in Algeria, and holds exploration interests in Kenya, Libya, Sierra Leone, the Canary Islands.

The company employs around 2,100 people, and had a net profit after tax of 528 million AUD on revenues of 2,019 million AUD in 2003.