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Woodside reports 10% drop in revenue in Q2

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Woodside reports 10% drop in revenue in Q2

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Natural Gas News
Woodside reports 10% drop in revenue in Q2

Summary

The revenue was impacted by lower oil and LNG prices. by: Shardul Sharma

Australian energy producer Woodside on July 19 reported a 10% year/year (yr/yr) drop in revenue during the second quarter (Q2) owing to lower realised oil...

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Related Knowledge Center: ENERGY BASICS: petroleum

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While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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