Hon. Sophie McNeill questions the Treasurer on LNG royalties collected from Chevron and Woodside over the past three financial years. Hon. Samantha Rowe provides a breakdown of royalties received from North West Shelf grants, crude oil excise compensation, and onshore petroleum.

✅ AnsweredQoN 38Legislative Council
Asked
25 February 2026
Answered
25 February 2026
Response Time
0 days
Portfolio: Treasurer

Question

LNG royalties38.Hon Sophie McNeillto theparliamentary secretary representing the Treasurer:Noting that fossil fuel giants Chevron and Woodside have made billions of dollars in profits from exporting Western Australian LNG in the past three years, could the minister please provide an update on the royalties that the WA Government has collected from the LNG industry in the 2022–23, 2023–24 and 2024–25 financial years?

Answer

Hon Samantha Rowe replied:I thank the honourable member for some notice of the question and provide the following answer on behalf of the Treasurer.In 2022–23, North West Shelf grants was $1,366 million, compensation for the crude oil excise arrangement was $116 million, and the onshore petroleum state component was $16 million. In 2023–24, NWS grants was $694 million, compensation for the crude oil excise arrangement was $34 million, and the onshore petroleum state component was $22 million. In 2024–25, NWS grants was $612 million, compensation for the crude oil excise arrangement was $30 million, and the onshore petroleum state component was $18 million. LNG royalties

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