CANBERA (dpa-AFX) - Australia's Woodside Petroleum Ltd.(WOPEF.PK, WOPEY.PK, WPL.AX) reported Thursday that its third-quarter total operating revenues dropped to A$1 billion from A$1.06 billion a year ago.
Sales revenues declined to A$914 million from A$987.5 million last year. Price increased, while valume declined.
The third-quarter production was 20.3 Mmboe, down from 25.2 Mmboe a year ago.
Sequentially, sales revenues and production were higher than the second quarter.
Woodside CEO Peter Coleman said, 'Sales revenue for the three months was 5% higher than the second quarter at $914 million, mainly driven by increased sales volumes. The period marked further strong operational performance from Pluto LNG. For the second quarter in succession, Pluto achieved a number of production records, with production in July 3% higher than the previous high set in the same month of last year.'
Copyright RTT News/dpa-AFX