Woodside Energy posts decline in Q1 production
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Woodside Energy Group Ltd NPV (DI)
1,368.00p
16:40 26/07/24
-0.44%
-6.00p
Woodside Energy reported a 7% quarter-on-quarter decline in output to 44.9 million barrels of oil equivalent per day over the three days ending in March.
Oil & Gas Producers
8,991.77
16:45 26/07/24
0.53%
47.34
Quarterly revenue therefore shrank 12% versus the prior three-month stretch to reach $2.7bn as a result of lower prices and volumes.
The company's boss Meg O'Neill reiterated full-year output guidance for 185-195m boe.
She also highlighted progress on the company's three main growth projects in Senegal and Western Australia.
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