Woodside Petroleum Limited
(ASX:WPL) has reported record output and sales revenue over the 2014 calendar year and flagged plans to revise its investment expenditure.
The oil and gas producer increased production by 9.3 per cent to a record 95.1 million barrels of oil equivalent (mmboe) last year.
Sales revenue jumped 22.5 per cent to a record of more than $7 billion, exceeding the previous record of $6.3 billion reached in 2012.
Looking ahead Woodside has forecast production is likely to come in between 85 - 91 million barrels of oil equivalent (mmboe) in 2015.
Woodside Petroleum reported a net profit of $1.22 billion in the first half of the 2014 financial year.
