2247 GMT - Woodside Energy could beat expectations for production, sales volumes and revenue in 3Q, according to Goldman Sachs. The bank's output forecast of 54.6 million barrels of oil equivalent is around 9% higher than consensus hopes, and reflects stronger LNG sales at the North West Shelf and Pluto LNG projects in Australia. It also assumes Woodside's majority owned Sangomar oil project in Senegal delivers 90,000 b/d of oil on average in the quarter. If achieved, this "could tighten 2024 production guidance toward the upper end of current 185-195 million BOE," analyst Henry Meyer says. GS currently forecasts annual production of 194 million BOE. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
October 13, 2024 18:47 ET (22:47 GMT)
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