SYDNEY: Australia’s Woodside Energy has reported a 28% rise in second-quarter revenue and has narrowed its annual production forecast, citing strong operational performance and high reliability across its assets.
The company now expects 2026 production to range between 174 million and 185 million barrels of oil equivalent (MMboe), compared with its previous forecast of 172 MMboe to 186 MMboe.
“Sustained production performance and asset reliability have provided greater certainty around expected full-year outcomes, supporting a narrower production guidance range for 2026,” Woodside chief executive officer Liz Westcott said in a statement.
Quarterly production fell 18% to 41.3 MMboe, reflecting planned maintenance at the Pluto liquefied natural gas (LNG) plant and recovery from cyclone-related disruptions.
The company, though, highlighted reliability of 99.3% at Sangomar, 99.2% at Shenzi, and more than 97% at both the North West Shelf and Pluto LNG operations. — Reuters
