Woodside Likely Benefited from Strong Trading Volumes in 2Q

Dow Jones07-16
 

2243 GMT - Woodside Energy's 2Q sales revenue was likely supported by a strong performance from its trading arm during the Middle East crisis. RBC Capital Markets forecasts quarterly revenue of US$3.73 billion, up from US$3.26 billion in 1Q. That's despite downtime at Woodside's Pluto liquefied natural gas plant in Australia. Analyst Gordon Ramsay expects Woodside benefited from higher crude oil prices and Japan-Korea Marker prices for LNG. "This implies trading volumes should be relatively strong for spot LNG cargoes following Qatar LNG project disruption," RBC says. It notes gas hub pricing in 2Q was at a premium to prices of contracted LNG. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

July 15, 2026 18:43 ET (22:43 GMT)

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