Woodside Registers $7-billion Sales Revenue Record

Woodside Petroleum Ltd. (ASX:WPL) announced record 2014 production and sales, but also warned that it will cut expenditures in 2015 due to weaker commodities prices.

As quoted in the press release:

Record annual production of 95.1 million barrels of oil equivalent (MMboe), up 9.3% on 2013.

Record annual sales revenue of $7,076 million up 11% on previous record of $6,348 million, in 2012.

A binding transaction was entered into to acquire Apache’s Wheatstone LNG, Balnaves oil and Kitimat LNG project interests, for an aggregate purchase price of US$2.75 billion

Click here for the full Woodside Petroleum Ltd. (ASX:WPL) press release