Woodside's 1st-quarter revenue drops 31% to $2.97bn due to lower gas prices, maintenance, and reduced production.

Australia's largest oil and gas company, Woodside, has reported a 31% drop in first-quarter revenue to $2.97 billion from $4.3 billion in the same period last year, due to lower gas prices, maintenance issues, and reduced production. Despite the decline, the company's CEO maintains that the full-year production guidance remains unchanged. Woodside faces criticism ahead of its annual general meeting for its climate strategy.

April 18, 2024
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