Woodside (WPL) finishes the year strong
Woodside (WPL) +0.56%; a reasonable 4th quarter production report helped Woodside close in the black today against a weaker the energy sector. Production was up 3% on the prior quarter to 25.7MMboe, with revenue up to $US1,446M with better sales volumes more than offsetting the easing in LNG prices. Woodside was keen to show off the impressive performance of their new Greater Enfield project which started pumping in August with the quarter being the first full contribution – although production is still ramping up. The company gave guidance of 97-103MMboe for the 2020 year, around 10% higher than 2019.
Woodside Petroleum (WPL) Chart
