Woodside shares fall on output delays

MELBOURNE - Woodside Petroleum, Australia's largest pure oil and gas company, said it may miss its full-year production target because of delays in starting up additional output.

Woodside may not achieve its 72 million barrels of oil equivalent target for the year. Woodside shares fell as much as 2.7 per cent to A$39.

Third-quarter sales rose 53 per cent from a year earlier to A$1.14 billion ($1.3 billion).

- BLOOMBERG