Woodside Petroleum (ASX:WPL) has reported a 27% decline in 2009 revenue, due to exchange rate losses and natural production declines.
The company recorded revenue of $4.45 billion in 2009. In Q4, the company took in $1.26 billion, a 23% year-on-year decline.
But sales volume grew 1% during the quarter, even while production volumes fell 2%.
WPL shares have today fallen 2.6% to $44.70.