Woodside's Shares Fall 1% Even as Occidental Reports Oil Discovery at US Prospect

Woodside Energy Group's (ASX:WDS) shares fell past 1% in recent trading on Friday after Occidental said late on Thursday that an oil discovery had been made at the Bandit prospect in the Gulf of America, south of the coast of Louisiana.The exploration well encountered high-quality, full-to-base oil-bearing Miocene sands, Occidental said.Woodside Energy holds a 17.5% stake in the Bandit prospect, while Occidental holds a 45.375% working interest and is the operator. The co-owners, which also includes Chevron USA, are evaluating the results to determine next steps.

-- Woodside Energy Group's (ASX:WDS) shares fell past 1% in recent trading on Friday after Occidental said late on Thursday that an oil discovery had been made at the Bandit prospect in the Gulf of America, south of the coast of Louisiana.

The exploration well encountered high-quality, full-to-base oil-bearing Miocene sands, Occidental said.

Woodside Energy holds a 17.5% stake in the Bandit prospect, while Occidental holds a 45.375% working interest and is the operator. The co-owners, which also includes Chevron USA, are evaluating the results to determine next steps.