Earnings ·
Woodside reports $4.28B Q3 revenue and raises full-year production guidance to 174-181 MMboe
WDSWoodside Energy Group Ltd
Woodside Energy Group Ltd reported third-quarter operating revenue of $4,281 million, a 2% increase from the prior quarter, driven by a 12% rise in production volumes to 46.2 MMboe and an improved average realised LNG price of $84/boe. The company narrowed its full-year 2026 total production volume guidance to 174-181 million barrels of oil equivalent, down from the previous range of 174-185 MMboe, primarily due to revised Beaumont New Ammonia volumes and reduced output at Okha. Woodside also announced it will initiate a formal process to reduce its investment in Beaumont New Ammonia following a strategic review, while maintaining capital expenditure guidance between $4 billion and $4.5 billion. The company operates in the energy sector, focusing on the exploration, development, and production of oil and natural gas.