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Woodside shares lower despite some big news

Let's see what is going on with this energy giant's shares today. The post Woodside shares lower despite some big news appeared first on The Motley Fool Australia.
The article from MSN discusses Woodside Energy's recent performance and announcements. Despite reporting a significant increase in production and revenue for the first quarter, Woodside's shares experienced a decline. The company announced a 15% rise in production and a 27% increase in revenue compared to the previous year, largely due to the acquisition of BHP's petroleum assets. However, the stock price dropped by 1.3% to $30.50, reflecting investor concerns over potential delays in the Scarborough project, which is crucial for future growth. Additionally, Woodside declared a fully franked dividend of 60 cents per share, but this was not enough to offset the negative market reaction to the project delays and broader market conditions.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/general/woodside-shares-lower-despite-some-big-news/ar-AA1zaGMD ]