Woodside Petroleum Q4 Production Up 10%, Sales Revenue Climbs

(RTTNews) - Woodside Petroleum Ltd. (WOPEF.PK, WOPEY.PK, WPL.AX) reported that its fourth-quarter production rose 10% compared to the fourth quarter of 2017, while sales revenue climbed 43% to US$1.419 billion on the back of higher prices.

Sales revenue was US$1.419 billion, an increase of 43% from the prior year. Quarterly production was 24.1 MMboe up 10% from the previous year.

The company noted that 2018 Annual Report and associated investor briefing will be available on 14 February 2019.

Woodside's production guidance for 2019 is 88 Mmboe - 94 Mmboe. Liard Basin production is expected to cease mid-year.

Woodside's investment expenditure guidance for 2019 is US$1.600 billion to US$1.700 billion. Greater Enfield expenditure is tailing off ahead of expected first oil mid-2019.
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