Woodside Energy posted a fall in first-quarter revenue on Friday compared with the previous three-month period due to lower realised oil and liquefied natural gas prices and flagged declining production volumes at some of its major projects.
Australia’s largest LNG exporter said production from its Bass Strait project in Victoria and Pyrenees and Pluto LNG projects in Western Australia fell in the first quarter.
Shares of Woodside fell as much 3.1 per cent, hitting their lowest since May 2022, while the benchmark stock index was last down 1.5 per cent.
