Woodside Energy 1Q Output Drops on Quarter Due to Maintenance

Woodside Energy(WDS.US)

22.430

22.250

-0.44%

-0.80%

Post

By David Winning

SYDNEY-- $Woodside Energy(WDS.US)$ said planned turnaround and maintenance activities drove a 9% drop in first-quarter production of oil and natural gas compared to the final three months of 2022.

Woodside said it produced 46.8 million barrels of oil equivalent in the three months through March after carrying out a planned turnaround of its Ngujima-Yin floating production storage and offloading unit, along with other maintenance.

Still, quarterly output was more than double levels of a year earlier due to the contribution of petroleum assets purchased from BHP Group Ltd.

Woodside said its sales revenue totalled US$4.33 billion in the first quarter, down 16% on the final three months of 2022 as a result of weaker output and lower realized prices.

The company said it achieved a portfolio average realized price of US$85 per barrel of oil equivalent in the first quarter.

Turning to its growth developments, Woodside said the Scarborough and Pluto Train 2 natural-gas projects in Western Australia are now 30% complete, and it is evaluating competitive tenders for the Trion project in Mexico.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":9944429344,"tweetId":"9944429344","gmtCreate":1682039121089,"gmtModify":1682041711649,"author":{"id":3581579760497890,"idStr":"3581579760497890","authorId":3581579760497890,"authorIdStr":"3581579760497890","name":"Max77777","avatar":"https://static.itradeup.com/news/37f92566c704ebdd3ee64efdbf0d640f","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":82,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"Woodside Energy 1Q Output Drops on Quarter Due to Maintenance","html":"<html><head></head><body><p>Woodside Energy(WDS.US)</p>\n<p>22.430</p>\n<p>22.250</p>\n<p>-0.44%</p>\n<p>-0.80%</p>\n<p>Post</p>\n<p>By David Winning</p>\n<p><br></p>\n<p>SYDNEY-- $Woodside Energy(WDS.US)$ said planned turnaround and maintenance activities drove a 9% drop in first-quarter production of oil and natural gas compared to the final three months of 2022.</p>\n<p><br></p>\n<p>Woodside said it produced 46.8 million barrels of oil equivalent in the three months through March after carrying out a planned turnaround of its Ngujima-Yin floating production storage and offloading unit, along with other maintenance.</p>\n<p>Still, quarterly output was more than double levels of a year earlier due to the contribution of petroleum assets purchased from BHP Group Ltd.</p>\n<p><br></p>\n<p>Woodside said its sales revenue totalled US$4.33 billion in the first quarter, down 16% on the final three months of 2022 as a result of weaker output and lower realized prices.</p>\n<p><br></p>\n<p>The company said it achieved a portfolio average realized price of US$85 per barrel of oil equivalent in the first quarter.</p>\n<p>Turning to its growth developments, Woodside said the Scarborough and Pluto Train 2 natural-gas projects in Western Australia are now 30% complete, and it is evaluating competitive tenders for the Trion project in Mexico.</p></body></html>","htmlText":"<html><head></head><body><p>Woodside Energy(WDS.US)</p>\n<p>22.430</p>\n<p>22.250</p>\n<p>-0.44%</p>\n<p>-0.80%</p>\n<p>Post</p>\n<p>By David Winning</p>\n<p><br></p>\n<p>SYDNEY-- $Woodside Energy(WDS.US)$ said planned turnaround and maintenance activities drove a 9% drop in first-quarter production of oil and natural gas compared to the final three months of 2022.</p>\n<p><br></p>\n<p>Woodside said it produced 46.8 million barrels of oil equivalent in the three months through March after carrying out a planned turnaround of its Ngujima-Yin floating production storage and offloading unit, along with other maintenance.</p>\n<p>Still, quarterly output was more than double levels of a year earlier due to the contribution of petroleum assets purchased from BHP Group Ltd.</p>\n<p><br></p>\n<p>Woodside said its sales revenue totalled US$4.33 billion in the first quarter, down 16% on the final three months of 2022 as a result of weaker output and lower realized prices.</p>\n<p><br></p>\n<p>The company said it achieved a portfolio average realized price of US$85 per barrel of oil equivalent in the first quarter.</p>\n<p>Turning to its growth developments, Woodside said the Scarborough and Pluto Train 2 natural-gas projects in Western Australia are now 30% complete, and it is evaluating competitive tenders for the Trion project in Mexico.</p></body></html>","text":"Woodside Energy(WDS.US) 22.430 22.250 -0.44% -0.80% Post By David Winning SYDNEY-- $Woodside Energy(WDS.US)$ said planned turnaround and maintenance activities drove a 9% drop in first-quarter production of oil and natural gas compared to the final three months of 2022. Woodside said it produced 46.8 million barrels of oil equivalent in the three months through March after carrying out a planned turnaround of its Ngujima-Yin floating production storage and offloading unit, along with other maintenance. Still, quarterly output was more than double levels of a year earlier due to the contribution of petroleum assets purchased from BHP Group Ltd. Woodside said its sales revenue totalled US$4.33 billion in the first quarter, down 16% on the final three months of 2022 as a result of weaker output and lower realized prices. The company said it achieved a portfolio average realized price of US$85 per barrel of oil equivalent in the first quarter. Turning to its growth developments, Woodside said the Scarborough and Pluto Train 2 natural-gas projects in Western Australia are now 30% complete, and it is evaluating competitive tenders for the Trion project in Mexico.","highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9944429344","repostId":0,"isVote":1,"tweetType":1,"viewCount":139,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":992,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9944429344"}