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Woodside Says 1Q Sales Revenue Rises 22% on Quarter


By David Winning
SYDNEY Woodside Petroleum Ltd. said its first-quarter sales revenue rose by 22% compared to the previous three months, as higher prices for its oil and gas production more than offset the impact of bad weather on its oil fields.
Woodside reported sales revenue of US$1.12 billion in the three months through March, benefiting from a realized liquefied natural gas price of US$40 for each barrel of oil equivalent, up from US$28/BOE in the quarter before. It also achieved an average price of US$61 per barrel of crude oil priced using the Brent industry benchmark.
The Perth-based company said its first-quarter sales revenue rose by 4% compared to the corresponding period of 2020. ....

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Woodside Says 2020 Oil, Gas Output Rises 12% to Record High


By David Winning
SYDNEY Woodside Petroleum Ltd. said its oil and natural gas production rose by 12% in 2020 compared to a year earlier, as momentum builds for a final investment decision on projects key to the energy company s growth.
Woodside reported record production of 100.3 million barrels of oil equivalent in 2020, although that is expected to fall back this year as the company carries out maintenance at the North West Shelf gas-export project in Australia. Management is targeting output of 90 million-95 million barrels of oil equivalent in 2021.
Fourth-quarter sales revenue of US$920 million was 32% higher than the previous quarter, while quarterly sales volume of 29.1 million BOE was up 9% on the third quarter. ....

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