Woodside Energy Reports Q1 Production Drop Due to Weather, but Major Projects Remain on Schedule
Woodside Energy reported a 8% decline in first-quarter production to 45.2 MMboe due to cyclone-related disruptions in Western Australia. Despite the drop, the company maintained high operational reliability and reported a 7% revenue increase to $3.26 billion, driven by higher realized prices. Major LNG and oil projects, including Scarborough and Trion, remain on schedule.
Tickers: $WDS
Topics: LNG projects operational reliability production decline revenue growth weather disruptions