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AAP

Business

Jacob Shteyman

Woodside revenue dives as fossil fuel prices dip

Woodside Meg ONeill Richard Goyder Oil Australia

Woodside's share price has fallen by a quarter in the past eight months. (Aaron Bunch/AAP PHOTOS)

Sluggish production and falling fossil fuel prices have slashed revenues at Australia's largest oil and gas producer Woodside by almost a third.

The Perth-based company's revenue for the first quarter fell 31 per cent compared to the previous year to $US2.97 billion ($A4.66 billion), it announced on Friday.

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