Woodside Petroleum Reports Rise In Revenue

Woodside Petroleum Ltd

reported a rise in its revenue in the fourth quarter. Woodside Petroleum's production for the full year dropped 6% to 64.6 million barrels of oil equivalent, up from its November forecast of 63 million to 64 million barrels. Woodside Petroleum's revenue surged 25% to A$750 million (US$781 million), versus A$601 million, in the year-earlier period. Woodside Petroleum's shares closed at $35.70 yesterday.