georgemiller
Publish Date: Tue, 21 Oct 2025, 23:53 PM

Oct 22 (Reuters) - Australia's Woodside Energy (WDS.AX) , opens new tab raised its production forecast for fiscal 2025 on Wednesday, citing continued strong performance across its assets, while reporting a 9.4% fall in third-quarter revenue.
The country's biggest independent energy firm expects fiscal 2025 production to be between 192 million and 197 million barrels of oil equivalent (mmboe), higher than its previous outlook of 188 to 195 mmboe.
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The country's top independent oil and gas producer posted revenue of $3.36 billion for the three months ended September 30, compared with $3.68 billion reported last year and Visible Alpha's consensus estimate of $3 billion.
It produced 50.8 million barrels of oil equivalent during the quarter, compared with 53.1 mmboe last year.
For the production rise, the firm cited exceptional performance at its Sangomar project in Africa, along with "outstanding reliability" at its Pluto LNG and North West Shelf projects in Australia.
(This story has been corrected to say that Woodside recorded a revenue of $3.68 billion in the same quarter last year, not the June quarter, in paragraph 3)
https://www.reuters.com/business/energy/woodside-energy-raises-full-year-output-forecast-third-quarter-revenue-drops-94-2025-10-21/