Woodside takes hit

Woodside flagged a $140 million charge after changes to the development of an oilfield off Western Australia. The disclosure came alongside confirmation of soft June quarter output.

According to the article, the $140 million charge followed changes to the development of an oilfield off Western Australia. The company disclosed the charge at the same time it confirmed softer June quarter production.

The article says Woodside recently disclosed problems with its Pluto oilfield, which is associated with the soft June quarter output the company flagged.

Woodside confirmed that June quarter output was soft. The company had previously flagged this when it disclosed problems at the Pluto oilfield.

Sales in the quarter fell to $1.34 billion, down from $1.43 billion a year earlier, as reported in the article.

The article reports the $140 million charge followed changes to the development of an oilfield off Western Australia and notes the company also confirmed soft output that was flagged when it disclosed Pluto oilfield problems. It does not explicitly state a direct causal link between the charge and the Pluto problems.

The article highlights four clear points for investors to note: Woodside has flagged a $140 million charge related to oilfield development changes; it confirmed soft June quarter output; it recently disclosed problems with the Pluto oilfield; and quarterly sales fell to $1.34 billion from $1.43 billion a year earlier.

No. The article summarizes the charge, the confirmation of soft June quarter output, the Pluto oilfield problems and the year‑on‑year sales decline, but it does not include any forward guidance or details about next steps.