Woodside Energy Announced 2Q23 Revenue Of $3.084B, Down 10% YoY; Delivered Quarterly Production Of 44.5 MMboe (489 Mboe/day), Down 5% Sequentially
Portfolio Pulse from Benzinga Newsdesk
Woodside Energy reported 2Q23 revenue of $3.084 billion, a 10% YoY decrease, and a quarterly production of 44.5 MMboe, a 5% sequential decrease. The decline in production and sales volume, which was 48.4 MMboe, was due to planned maintenance activities and lower realized prices. The company's full-year production guidance remains unchanged at 180–190 MMboe.
July 19, 2023 | 4:43 am
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Woodside Energy's 2Q23 results show a decrease in revenue and production, which could negatively impact the company's stock price in the short term. However, the unchanged full-year production guidance may provide some stability.
The decrease in revenue and production indicates a potential short-term negative impact on Woodside Energy's stock price. However, the unchanged full-year production guidance may mitigate some of this impact, indicating a level of stability in the company's operations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100