Woodside announces sales revenue of $1.08b for second quarter

Company News

by Anna Napoli

Woodside Petroleum (ASX:WPL) has released its second quarter report announcing production of 22.1 million barrels of oil and sales revenue of $1.08 billion.

Woodside CEO, Peter Coleman says the start up of LNG production from Wheatstone Train 2 was the highlight of the period.

The company said the Pluto LNG project again turned an outstanding result for the quarter, achieving 100 per cent reliability and an annualized production rate of 5.2 million tones per annum.

During the period domestic gas production was lower due to customer demand.

Shares in Woodside (ASX:WPL) are trading 0.03 per cent lower to $34.49.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.