Woodside Energy, Australia's leading independent oil and gas producer, has reported a remarkable 21% increase in its third-quarter revenue, reaching $3.68 billion. This impressive performance has been attributed to the accelerated ramp-up of its Sangomar project and robust results across its LNG portfolios. The company's average realized price for the quarter rose to $65 per barrel of oil equivalent, up from $62 in the previous quarter, reflecting the favorable market conditions for LNG.

The company achieved record quarterly production of 53.1 million barrels of oil equivalent, a significant increase from the 44.4 million barrels in the previous quarter. This surge in production was primarily driven by the Sangomar facility in Senegal and increased domestic gas demand. Woodside's strong operational performance has allowed it to narrow its full-year production guidance to between 189 and 195 million barrels of oil equivalent.

In addition to its financial success, Woodside announced its decision to delist from the London Stock Exchange, citing low trading volumes and the desire to reduce administrative costs. The last trading day on the LSE is set for November 19, 2024.

Woodside's CEO, Meg O'Neill, expressed satisfaction with the company's performance, highlighting the importance of maintaining a balanced and flexible portfolio to capitalize on market opportunities. The company's strategic acquisition of U.S. LNG developer Tellurian, including its Gulf Coast LNG export project, further strengthens its position in the global LNG market.

Despite a broader decline in the energy index, Woodside's shares rose by 1.5% to A$25.17, reflecting investor confidence in the company's strong quarterly results and future prospects.