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Woodside Energy raised 2025 production forecast despite lower revenue, citing strong project performance and new global deals.
Woodside Energy raised its fiscal 2025 production forecast to 192–197 million barrels of oil equivalent, citing strong performance at its Sangomar, Pluto LNG, and North West Shelf projects.
Despite a 9.4% revenue drop to $3.36 billion due to lower oil prices, the company exceeded expectations.
Key projects are advancing, including the Scarborough LNG project at 91% completion, the Beaumont ammonia plant nearing completion, and a new $259 million asset divestment.
The company secured long-term LNG deals with Malaysia and Turkey and is developing a hydrogen supply chain with Japan.
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Woodside Energy elevó la previsión de producción de 2025 a pesar de los ingresos más bajos, citando un sólido rendimiento del proyecto y nuevos acuerdos globales.