Woodside Petroleum Q1 Revenue Rises 20%

Woodside Petroleum Ltd WOPEY reported a 20% surge in its first-quarter revenue. Woodside's quarterly revenue rose to US$1.20 billion, versus US$998 million in the year-ago period, versus a UBS target of US$1.27 billion. Woodside's production declined 10% to 14.1 million barrels of oil equivalent, versus 15.6 million. Woodside's shares closed at $35.75 yesterday.