Woodside Energy Group Ltd ( (WDS) ) has released its Q1 earnings. Here is a breakdown of the information Woodside Energy Group Ltd presented to its investors.
Woodside Energy Group Ltd is a prominent player in the energy sector, primarily engaged in the exploration and production of oil and gas. The company is known for its extensive portfolio of high-quality assets and strategic projects across the globe.
In its latest earnings report for the first quarter of 2025, Woodside Energy Group Ltd highlighted a robust performance despite facing some operational challenges. The company reported a quarterly production of 49.1 million barrels of oil equivalent, a slight decrease from the previous quarter, attributed to weather impacts and unplanned outages. However, the revenue increased by 13% compared to the same period last year, driven by the successful start-up of the Sangomar field and favorable gas hub-linked prices.
Key financial metrics from the report include a quarterly revenue of $3,315 million, which, although down 5% from the previous quarter, reflects a strong year-on-year growth. The company also made significant progress in its major projects, with the Beaumont New Ammonia Project nearing completion and the Scarborough Energy Project on track for its first LNG cargo in 2026. Additionally, Woodside continues to streamline its portfolio, including the divestment of the Greater Angostura assets and entering agreements for LNG supply.
Looking ahead, Woodside Energy Group Ltd remains focused on operational excellence and project delivery. The management is optimistic about the company’s future, with major projects progressing on schedule and within budget. The company is also positioning itself as a global LNG powerhouse with strategic partnerships and investments, aiming to enhance shareholder value and sustain growth in the evolving energy market.