Woodside Energy posts decline in Q1 production

Woodside Energy reported a 7% quarter-on-quarter decline in output to 44.9 million barrels of oil equivalent per day over the three days ending in March.

Quarterly revenue therefore shrank 12% versus the prior three-month stretch to reach $2.7bn as a result of lower prices and volumes.

The company's boss Meg O'Neill reiterated full-year output guidance for 185-195m boe.

She also highlighted progress on the company's three main growth projects in Senegal and Western Australia.

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