Australia's Woodside Petroleum posts 42% fall in third-quarter revenue


Oct 22 (Reuters) - Australia's Woodside Petroleum Ltd WPL.AX posted a 42% fall in third-quarter revenue on Thursday, hurt by a drop in realised prices for its oil and gas amid coronavirus-induced lockdowns.

The country's largest independent gas producer said sales revenue for the quarter ended Sept. 30 fell to $699 million from $1.16 billion a year ago.

The company produced 25.3 million barrels of oil equivalent (mmboe) during the period, up from 24.9 mmboe a year earlier. Brokerage RBC estimated 24.5 mmboe.

(Reporting by Anushka Trivedi & Shruti Sonal in Bengaluru; Editing by Maju Samuel)

((; +918061823241;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.