Woodside Power Group Ltd. has reported $3.32 billion in income for the primary quarter (Q1), down 5 p.c from the prior three-month interval however up 13 p.c towards Q1 2024.
The sequential lower was primarily because of decrease manufacturing and weaker oil-linked costs. The year-on-year improve was because of added manufacturing from the Sangomar area offshore Senegal, which began up in Q2 2024, and better gasoline hub-linked costs, the Australian exploration and manufacturing firm mentioned in a web based assertion.
Woodside produced 49.1 million barrels of oil equal (MMboe) within the January-March 2025 interval, down 4 p.c quarter-on-quarter because of climate impacts at North West Shelf LNG and unplanned outages at Pluto LNG, each in Western Australia. These had been partially offset by larger manufacturing at Atlantis and Shenzi, that are oil and gasoline fields offshore Louisiana. By prior-year comparability, Q1 2025 whole output rose 9 p.c because of Sangomar manufacturing.
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Q1 2025 gasoline manufacturing totaled 1.84 billion normal cubic toes a day (Bscfd), down 4 p.c quarter-on-quarter and 5 p.c year-on-year. Liquids averaged 223,000 barrels per day (bpd), the identical degree because the prior quarter and up 44 p.c year-over-year.
Woodside LNG manufacturing at dwelling totaled 19.25 MMboe. Its Australian pipeline gasoline manufacturing totaled 7 MMboe. Home crude and condensate manufacturing totaled 4.21 MMboe.
Worldwide pipeline gasoline manufacturing totaled 2.82 MMboe, principally from Trinidad and Tobago (2.42 MMboe). Worldwide petroleum and condensate manufacturing totaled 14.48 MMboe, principally from Sangomar (7.01 million barrels).
Woodside bought 50.2 MMboe in Q1 2025, down 7 p.c quarter-on-quarter however up 10 p.c year-on-year. Gasoline gross sales totaled 1.96 Bscfd, down 8 p.c quarter-on-quarter however up 1 p.c year-on-year. Liquid gross sales totaled 213,000 bpd, steady in comparison with This autumn 2024 and up 34 p.c from Q1 2024.
Realized costs averaged $65 per boe, up 3 p.c quarter-on-quarter and year-on-year. Realized costs for LNG produced averaged $10.6 per million British thermal models (MMBtu), down quarter-on-quarter however up year-on-year. Realized costs for LNG traded averaged $13.7 per MMBtu, up quarter-on-quarter and year-on-year. Oil and condensate averaged $74 a barrel, up quarter-on-quarter however down year-on-year. Pure gasoline liquids averaged $47 per barrel, up quarter-on-quarter and steady year-on-year. Liquids traded averaged $70 per barrel, up quarter-on-quarter and year-on-year.
Woodside mentioned, “The realized worth of all hedged positions for the quarter ended 31 March 2025 is a pre-tax revenue of roughly $14 million, with a $32 million revenue associated to grease worth hedges offset by a $23 million loss associated to Corpus Christi hedges, and a $5 million revenue associated to different hedge positions”.
To contact the creator, electronic mail jov.onsat@rigzone.com
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