Woodside Energy Group Ltd (NYSE:WDS) shares are trading higher premarket Tuesday after the company reported its first-half FY24 results.
Operating revenue fell 19% Y/Y to $5.99 billion. The company delivered half-year production of 89.3 MMboe (-2% Y/Y), with gas production of 60.9 MMboe (-4% Y/Y) and liquids production of 28.4 MMboe (+2% Y/Y).
EBITDA excluding impairment declined 11% Y/Y to $4.37 billion in the first half of FY24.
Underlying net profit after tax declined 14% Y/Y to $1.63 billion, surpassing the Visible Alpha consensus estimate of $1.38 billion (as per Reuters).
Operating cash flow decreased 19% Y/Y to $2.39 billion, and free cash flow was $740 million in H1 FY24.
Woodside ...
