WOPEF - Woodside Energy Group reports Q3 results; narrows FY23 production guidance

2023-10-18 02:09:29 ET

• Woodside Energy Group press release ( NYSE: WDS ): Q3 delivered quarterly production of 47.8 MMboe (520 Mboe/day), up 8% from Q2 2023.
• Delivered sales volume of 53.3 MMboe, up 10% from Q2 2023, primarily due to higher production.
• Revenue of $3.26B (+5.7% Q/Q) misses by $100M .
• Achieved a portfolio average realised price of $60.2/boe.
• Sold 29% of produced LNG at prices linked to gas hub indices.
• Achieved first production at Shenzi North in September 2023, ahead of the 2024 target.
• Outlook: Full-year production guidance has been narrowed to 183M - 188M Mboe from prior guidance range of 180M-190M Mboe.

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