Woodside s Revenue Dives 35% in Q4
Australian oil and gas explorer Woodside has recorded a 34.7% year/year drop in revenue during the three months to December 31 (Q4) on the back of weaker oil and gas prices, it said on January 21.
The company generated US$920mn in sales revenues during the period, versus $1.41bn a year earlier. For the quarter, the average realised price for its products was $32/barrel of oil equivalent (boe), down from $48/boe in the year-earlier period.
Woodside produced 24.9mn boe in Q4, down from 25.7mn boe from a year earlier, while sales volumes totalled 29.1mn boe, slightly down from 29.3mn boe.