Woodside Energy posts decline in Q1 production
Woodside Energy Group Ltd NPV (DI)
1,400.00p
17:14 01/05/24
-3.45%
-50.00p
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
9,370.97
17:14 01/05/24
-1.70%
-162.08
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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