Woodside Energy posts 13% rise in first-quarter revenue
1. WDS reported a 13% revenue rise due to the Sangomar project's upcoming start. 2. High gas prices contributed to improved financial performance in the first quarter.
FAQ
Why Bullish?
The 13% revenue increase indicates strong performance and growth potential, reminiscent of past project launches that resulted in revenue spikes.
How important is it?
Revenue growth from new projects is a positive indicator for investor confidence and future performance.
Why Long Term?
Considering the Sangomar project will start impacting earnings significantly in 2024, the effects will unfold over a longer timeframe.