Woodside Petroleum (ASX:WPL) has seen a 14.65 per cent rise in total revenue in the March 2019 quarter (compared to the same period in 2018), with the headline figure hitting $1.4 billion, on the back of higher oil prices.
However, year-to-date production fell compared to the same time last year. Quarterly production also fell, to 21.7 million barrels of oil equivalent, compared to the prior December quarter and when also compared to the 2018 March quarter.
Despite the disruption from cyclone activity, it attributed its natural disaster preparedness to maintained safety, which also helped to minimise the impact on production.
Shares in Woodside Petroleum (ASX:WPL) are trading 0.3 per cent higher at $35.42. Year-to-date its shares are trading 15 per cent higher.