Woodside Petroleum Ltd
(ASX:WPL) says output for the December quarter fell 12 per cent.
Sales were also down four per cent. Woodside said reduced sales volumes were partially offset by higher commodity prices.
December quarter revenue amounted to $US1.058 billion, up two per cent from $US1.033 billion for the September quarter but down eight per cent from $US1.144 billion for the fourth quarter of 2010.
For the year ended 30 June 2010, Woodside reported a net profit of $1 billion.
