Woodside Energy Q2 revenues climb 28% on higher prices, lifts 2026 production outlook

Earnings
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Woodside Energy reported a 28 percent increase in second-quarter operating revenue to $4.185 billion, driven by a 44 percent rise in average realised price to $85 per barrel of oil equivalent, despite lower production and sales volumes. Production fell 18 percent year-on-year to 41.3 million barrels of oil equivalent, while sales volumes dropped 12 percent to 48.0 million barrels of oil equivalent. The company raised its fiscal 2026 production guidance to a range of 174 to 185 million barrels of oil equivalent, up from the previous forecast of 172 to 186 million barrels of oil equivalent.

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