Woodside Energy posts decline in Q1 production
Woodside Energy Group Ltd NPV (DI)
1,408.00p
10:44 02/05/24
0.57%
8.00p
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
9,441.80
10:45 02/05/24
0.76%
70.83
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.
-- More to follow --