Reported Earlier, Woodside Energy Q1 Revenue $3.315B Up From $2.945B YoY; Quarterly Production 49.1 MMboe (+9% YoY)

Benzinga

04-23

Operations

Maintained exceptional production from Sangomar of 78 Mbbl/day (Woodside equity interest) produced in the quarter.
Quarterly production of 49.1 MMboe (546 Mboe/day), down 4% from Q4 2024 due to weather impacts at NWS and unplanned outages at Pluto, partially offset by higher production at Shenzi and Atlantis. Quarterly production increased 9% from Q1 2024 due to the addition of Sangomar production.
Quarterly revenue of $3,315 million, down 5% from Q4 2024 primarily due to lower production and lower oil-linked prices. Quarterly revenue increased 13% from Q1 2024 due to Sangomar start-up in July 2024 and high gas hub-linked prices.
Sold 25.4% of produced LNG at prices linked to gas hub indices in the quarter (9.4% of total equity production).

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