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Woodside's 2009 revenue falls 27% on forex losses

Woodside's 2009 revenue falls 27% on forex losses

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.

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Tags Woodside PetroleumOil2009 Financial Results

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