MARKETS

Liquids Woodside's quarterly saviour

WOODSIDE Petroleum delivered record annual production of 103 million barrels of oil equivalent in one of the most bruising years in recent history, with sales revenue 32% up in the fourth quarter over the third but far below the highs of 2019.

Helen Clark

Despite the increase in production, revenue for the full year was $3.6 billion over $4.9 billion in 2019. Production was 12% higher than 2019, and slightly higher in the third quarter at 25.3MMboe...

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