Woodside confirms soft start to the year
Woodside Petroleum (WPL) -6.73%: Weaker production levels hurt WPL’s first half result today with LNG maintenance an issue. 2H production should pick up but still a decent miss on most levels. The dividend was poor as were most metrics, however they have spoken more favourably about the likely 2H run-rate. WPL have a lot of work to do although balance sheet remains sound – looked like a transient production issue than anything more sinister.
Woodside (WPL) Chart
