Fossil Fuel Players, WPL and WHC Tumble on ASX; Lithium player ORE leaps toward Global Exposure
A double whammy for the Australian behemoth- Woodside Petroleum Limited (ASX: WPL) – A down trending Crude oil prices and a poor half-year result, dragged the share prices of the company, which witnessed a 2% gap down opening yesterday before closing the day’s trade 6.7% lower. Today, 16 August 2019, WPL has taken a breather and trading marginally lower by 0.128% at A$31.140 (as at AEST-12:57 PM).
WPL’s First Half of the Year:
During the H1 2019, the overall production volume observed a decline of almost 12 per cent, and 2019 stood at 39.0MMboe, as compared to the production volume of 44.3MMboe during the previous corresponding period (or pcp).
The CEO of the company attributed the decline to the operational disruption caused by the Tropical Cyclone Veronica in the Pilbara region coup ...