Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Woodside Petroleum Limited    WPL   AU000000WPL2

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Woodside Petroleum Limited : Woodside Says 1Q Revenue Up 20%, Pluto First LNG Imminent

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/19/2012 | 02:41am CET

Woodside Petroleum Ltd. (WPL.AU) on Thursday reported a 20% rise in first-quarter revenue as higher oil prices offset lower production, and said it expects to start producing liquefied natural gas from its A$14.9 billion Pluto project in the coming days.

Australia's biggest pure-play oil company also revealed that it sold a stake in a gas permit to South Africa's Sasol Ltd. (SSL) to support a possible expansion of Pluto.

Higher oil and LNG prices helped push Woodside's revenue for the three months to March 31 up to US$1.20 billion from US$998 million a year earlier, missing a UBS forecast of US$1.27 billion.

Production fell 10% to 14.1 million barrels of oil equivalent from 15.6 million a year earlier following cyclone activity in Western Australia state.

Woodside maintained its 2012 production guidance of 56 million-60 million BOE plus another 17 million-21 million BOE from Pluto.

"The operations team is well into the start-up sequence with first LNG anticipated in the coming days," Woodside said. "LNG vessels from the Pluto fleet are being readied to arrive at Dampier in time to load Pluto cargoes."

Woodside doesn't have enough gas to expand Pluto and said the next exploration well, Vucko-1, will be drilled in the current quarter.

The Perth-based company said it has sold 25% of a gas permit offshore Western Australia to Sasol that could support the expansion, without disclosing a price.

Woodside said talks with other gas resource owners that could process their gas through an expanded Pluto are continuing.

-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; Ross.Kelly@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WOODSIDE PETROLEUM LIMITED
10:29a COMM BANK-ASX THIS WEEK : Key resources stocks to report results
02/16 WOODSIDE PETROLEUM : 16.02.2017 2016 Full-Year Results Media Teleconference
02/16 WOODSIDE PETROLEUM : 08.02.2017 2016 Full-Year Results Investor Teleconference
02/14DJOrigin Energy Hires Woodside Petroleum's CFO
02/03DJShell Names Australia Chairman to Head Trading and Supply Activities
02/02 WOODSIDE PETROLEUM : 02.02.2017 NASA Robonaut to touch down at Woodside
02/01 WOODSIDE PETROLEUM : 15.06.2016 Woodside Innovation Centre launches at Monash
02/01 WOODSIDE PETROLEUM : 01.02.2017 Appendix 3X (Archibald)
01/27 WOODSIDE PETROLEUM : 27.01.2017 Media Release - Collaboration Key to LNG-Fuelled..
01/24DJOil Search Revenue Lifted by Stronger Prices
More news
Sector news : Oil & Gas Exploration and Production - NEC
12:29p EXCLUSIVE - PETRONAS CONSIDERS $1 BI : sources
02/17 U.S. shale oil braces for the unfamiliar in 2017 - inflation
02/16DJEncana Posts Smaller Loss
02/16DJMARATHON OIL : Quarterly Loss Widens on Tax-Related Charge
02/15DJWillams Narrows Loss, Williams Partners Swings to Profit
More sector news : Oil & Gas Exploration and Production - NEC
News from SeekingAlpha
2016 Atwood Oceanics adds rig contract
2016 ConocoPhillips sells Senegal oilfield stakes to Woodside for $440M
2016 Chevron flags $5B cost blowout to Wheatstone LNG project, hits Woodside
2016 INTERNATIONAL EQUITIES : The Case For Australia And The Case Against Latin Ameri..
2016 ROYAL DUTCH SHELL : An Unsustainable Dividend
Advertisement
Financials ($)
Sales 2016 3 932 M
EBIT 2016 1 317 M
Net income 2016 843 M
Debt 2016 4 890 M
Yield 2016 3,46%
P/E ratio 2016 23,75
P/E ratio 2017 18,39
EV / Sales 2016 6,46x
EV / Sales 2017 5,86x
Capitalization 20 513 M
More Financials
Chart WOODSIDE PETROLEUM LIMITED
Duration : Period :
Woodside Petroleum Limited Technical Analysis Chart | WPL | AU000000WPL2 | 4-Traders
Full-screen chart
Technical analysis trends WOODSIDE PETROLEU...
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 24,7 $
Spread / Average Target 1,3%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Peter John Coleman Chief Executive Officer, MD & Executive Director
Michael Alfred Chaney Chairman
Michael Utsler Chief Operating Officer
Lawrence John Tremaine Chief Financial Officer & Executive Vice President
Shaun Gregory Senior VP-Strategy, Science & Technology
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
WOODSIDE PETROLEUM LIM..1.89%20 580
PACIFIC EXPLORATION AN..--.--%137 486
CONOCOPHILLIPS-5.25%58 866
EOG RESOURCES INC-2.05%57 118
CNOOC LTD-2.28%54 164
OCCIDENTAL PETROLEUM C..-6.96%50 643
More Results