Markets WDS

Woodside Energy Q4 Production Down 5%

(RTTNews) - Woodside Energy Group Ltd (WDS.AX, WDS) reported that its production for the fourth quarter decreased about 5% to 48.9 Million Barrels of Oil Equivalent or MMboe from 51.4 MMboe last year.

Sales for the quarter were 52.4MMboe down 3% from 54.1MMboe last year.

Revenue for the fourth quarter declined 13% to US$3.035 billion from US$3.484 billion in the prior year.

The company expects first LNG from Scarborough in the fourth quarter of this year. Its 2026 volume guidance of 172-186 MMboe reflects planned downtime at Pluto as the facility prepares to process Scarborough gas, with the first LNG cargo anticipated in the fourth quarter of 2026.

WDS closed Tuesday's regular trading session at $17.35, rising $0.52 or 3.09%. In after-hours trading, the stock inched up further to $17.38, a gain of $0.03 or 0.17% by 8:00 PM EST.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Stocks Mentioned

Latest Articles

Data is currently not available