Business
Woodside Releases First Quarter Report for Period Ended 31 March 2025
PERTH, Australia, April 23, 2025--Woodside Energy Group (ASX: WDS) (NYSE: WDS):
About this update from Woodside Energy Group Ltd
[{"type":"text","content":"Outstanding performance from high quality assets","length":48,"tagName":"p","attribs":{}},{"type":"text","content":"Operations","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Maintained exceptional production from Sangomar of 78 Mbbl/day (Woodside equity interest) produced in the quarter.","length":114,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Quarterly production of 49.1 MMboe (546 Mboe/day), down 4% from Q4 2024 due to weather impacts at NWS and unplanned outages at Pluto, partially offset by higher production at Shenzi and Atlantis. Quarterly production increased 9% from Q1 2024 due to the addition of Sangomar production.","length":286,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Quarterly revenue of $3,315 million, down 5% from Q4 2024 primarily due to lower production and lower oil-linked prices. Quarterly revenue increased 13% from Q1 2024 due to Sangomar start-up in July 2024 and high gas hub-linked prices.","length":235,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Sold 25.4% of produced LNG at prices linked to gas hub indices in the quarter (9.4% of total equity production).","length":112,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":747,"olType":false},{"type":"text","content":"Projects","length":8,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Strong project execution for the quarter, with all projects on schedule and budget.","length":83,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The Beaumont New Ammonia Project was 90% complete, with Phase 1 of the project on track for startup in the second half of 2025.","length":127,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The Scarborough Energy Project was 82% complete, and remains on track for first LNG cargo in the second half of 2026.","length":117,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The Trion Project was 26% complete, and remains on track for first oil in 2028.","length":79,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":406,"olType":false},{"type":"text","content":"Portfolio developments","length":22,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Further streamlining Woodside’s portfolio and generating ...