Woodside Energy Q1 Revenue Beats, Shares +2%

Woodside Energy reported Q1 revenue of $3.26 bn, beating consensus $3.06 bn, though down 2% YoY.
Production fell 8% to 45.2 MMboe due to Cyclones Mitchell and Narelle, but key assets showed >99% reliability.
Average realized oil price rose 11% to $63/barrel, supporting full‑year 2026 production guidance of 172‑186 MMboe and $4‑4.5 bn capex.
Scarborough LNG is 96% complete, on budget for Q4‑2026 cargo; Louisiana LNG 24% complete, first cargo 2029.