OPERATIONS

Oil prices blow for Woodside despite production growth

WOODSIDE Petroleum's first quarter revenues have been hit by lower commodity prices and lower production volumes due to maintenance shutdowns and cyclone interruptions.

Marija Stojkovic

Oil prices blow for Woodside despite production growth

During the quarter, the company produced 20.6 million barrels of oil equivalent, 11% lower than the December quarter. Sales revenue for the quarter dropped 34% to $1.09 billion due to lower commodity prices...

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