Woodside Energy (WDS) reported Q1 revenue late Tuesday of $3.26 billion, down from $3.32 billion a year earlier.
Two analysts polled by FactSet expected $3.29 billion.
The company also maintained its 2026 production guidance of between 172 million and 186 million barrels of oil equivalent.
Shares of the company rose more than 2% in recent premarket activity Wednesday.
The World Bank, on Tuesday, warned the Middle East conflict is set to drive up global food costs, as surging energy prices lift fertilizer prices and strain agricultural output.Fertilizer prices are projected to rise 31% in 2026, including a sharp increase in urea prices, reducing affordability for farmers and threatening crop yields, the bank said.The bank added that up to 45 million more people are at risk of being pushed into acute food insecurity this year if the conflict persists, as higher input costs ripple through global food supply chains.The World Bank said the shock highlights how energy disruptions are feeding into food inflation, with the poorest populations the most exposed to rising costs.
Northern Oil and Gas (NOG) Q1 adjusted earnings late Tuesday of $0.74 per diluted share, down from $1.33 a year earlier.Analysts polled by FactSet expected $0.68.Revenue for the quarter ended March 31 was $5 million, compared with $602.1 million a year earlier.Analysts surveyed by FactSet expected $511.4 million.