Woodside Energy Q1 revenue rises 7% amid Middle East conflict-driven price surge

11 articles · Updated · MarketWatch · Apr 28

Woodside reported Q1 operating revenue of $3.26 billion, with an average realized price of $63 per barrel and production of 45.2 million barrels, despite cyclone-related disruptions in Australia.
Most production has been restored, and LNG output at Wheatstone is expected to normalize this month. The company maintained annual production guidance and highlighted strong progress at the Scarborough and Trion projects.
Global oil prices have soared, with Brent crude up 83% this year as Middle East tensions disrupt supply. Woodside anticipates further LNG pricing benefits and is reviewing operations to improve efficiency and capital management.

How will Woodside's new LNG projects compete in a flooded market?

Will Woodside's operations withstand worsening climate-fueled cyclones?

Is Woodside's success a sign of strength or just luck from a war?

Can a fossil fuel giant truly lead a green energy transition?

Are record profits driven by a global conflict ethically justifiable?