Woodside Energy Group's Q3 Revenue, Production Advance

MT Newswires Live10-16

Woodside Energy Group (WDS) reported Q3 revenue Wednesday of $3.68 billion, up from $3.26 billion a year earlier.

A single analyst polled by Capital IQ expected $3.47 billion.

Production for the quarter ended Sept. 30 was 53.1 million barrels of oil equivalent, up from 47.8 million boe a year earlier.

Woodside Energy said it sold 55.8 million boe in the quarter, up from 53.3 million boe a year earlier.

For 2024, the company said it expects production of 189 million boe to 195 million boe, compared with its previous estimate of 185 million boe to 195 million boe.

Shares of the company were up more than 2% in Wednesday's premarket activity.

Price: 16.85, Change: +0.47, Percent Change: +2.87

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