trending Market Intelligence /marketintelligence/en/news-insights/trending/yMe6UrDr8vja9eYZOD0nHQ2 content esgSubNav
In This List

Higher energy prices drive up Woodside revenue, production in Q3


Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings


S&P Capital IQ Pro | Powered by Expert Insights

451 Research Podcast

Next in Tech | Episode 41: IoT's Role in Energy and Utilities


Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Higher energy prices drive up Woodside revenue, production in Q3

Australian oil and gas producer Woodside Petroleum Ltd. on Oct. 18 reported third-quarter total revenue of $1.29 billion, up from the $1.01 billion reported during the same period in 2017, owing to higher energy prices.

Sales for the quarter totaled 21 million barrels of oil equivalent, down slightly from the 21.5 MMboe seen during the corresponding period in 2017. Total sales revenue for the quarter was $1.16 billion, climbing from $923 million in the third quarter of 2017.

Boosting total sales revenue was an increase in the firm's average realized price, which was reported at $55 per barrel of oil equivalent for the quarter, up from $43/boe in the same period in 2017.

Total production for the quarter was pegged at 23.1 MMboe, up from 20.3 MMboe in the same period a year ago.

CapEx for the period was $281 million, down from $331 million in for the third quarter of 2017.