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Woodside Energy Group Lowers Upper Limit of 2026 Production Forecast

Proactive +2 ·

WDS Woodside Energy Group Ltd ADR
$23.63 -0.34%
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  1. 1Woodside Energy Group lowered the upper limit of its annual production forecast of 174,000,000 to 181,000,000 barrels of oil equivalent for 2026.
  2. 2The forecast was lowered despite Woodside Energy Group recording a 12% increase in production for the September quarter.
  3. 3Woodside Energy Group will begin procedures to reduce investment in the Beaumont New Ammonia project.

So what's the key point?

Woodside Energy Group has lowered the maximum amount of oil it expects to produce in 2026. Although production increased, the future production target was reduced as investment scale is being scaled back.

Source Proactive +2 · View original ↗

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