Here’s how much oil Woodside (ASX:WDS) is likely to produce in FY2023

November 30, 2022 12:54 PM AEDT | By Khushboo Joshi

Image source: © Timonschneider | Megapixl.com

Key highlights from the Fiscal 2023 guidance furnished by Woodside

When it comes to the production of oil equivalent, Woodside shared via the release that the first phase of its Sangomar Field Development is hoping to come out with its first oil in late 2023. The phase 2 of Mad Dog is witnessing commissioning, and the company expects production guidance to be proposed during mid-2023. Woodside also shared that a significant turnaround is planned at Pluto LNG in the second quarter of 2023. The duration of the same is anticipated to be around four weeks.

Besides providing with guidance, Woodside also informed the market about the resignation of its Executive Vice President of Australian operations, Fiona Hick. She will now be serving another ASX-listed firm, as per WDS release.

The share price performance of Woodside on the ASX

In the past five trading days on the ASX, Woodside has fallen by 5.12%. In the last month, the energy giant's shares have increased by 1.53% on the ASX. In the previous six months, the shares have gained 22.75%, and in the last one year, the shares have surged 70.46% on the ASX. On a year-to-date basis, the shares of Woodside have accelerated by 61.14% on the ASX (as of 12:10 PM AEDT, 30 November 2022).

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