Woodside Energy Reported Q3 Revenue Of $3.679B Up 13% YoY, +21% Sequentially; Delivered Quarterly Production Of 53.1 MMboe (577 Mboe/day), Up 18% Sequentially
Portfolio Pulse from Benzinga Newsdesk
Woodside Energy reported a strong Q3 with a 13% YoY revenue increase to $3.679 billion and record production levels. The company benefited from increased LNG prices and the ramp-up of the Sangomar project.
October 16, 2024 | 4:31 am
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Woodside Energy's Q3 results show a 13% YoY revenue increase to $3.679 billion, driven by record production and higher LNG prices. The Sangomar project ramp-up and increased gas-hub sales contributed significantly.
The significant increase in revenue and production, along with strategic sales linked to gas hub indices, indicates strong operational performance and market positioning. This is likely to positively impact WDS's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100