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Woodside Energy Group Posts Lower Q1 Revenue, Production

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-- Woodside Energy Group's (ASX:WDS) operating revenue fell to $3.26 billion in the first quarter ended March 31 from $3.32 billion a year earlier, according to a Wednesday filing with the Australian bourse.

Total production in the March quarter fell year on year to 45.2 million barrels of oil equivalent (MMBoe) from 49.1 MMBoe, per the filing.

Sales were 51.7 MMboe at an average realized price of $63 per barrel of oil, compared with 50.3 MMboe at $64 per barrel of oil in the prior corresponding period, the filing said.

The company maintained its 2026 production guidance of 172 million to 186 million barrels of oil equivalent.

The company's shares gained 1% in recent Wednesday trade.

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