The company generated A$1.09 billion (US$798.1 million) over the three months to 30 September, down 44.6% on the nearly A$2 billion in revenue recorded during the same period last year.
Woodside attributed the lower revenues to the decline in oil prices since mid-2014 which offset a 0.4% rise in production, from 25.2 million barrels of oil equivalent to 25.3 million boe.
Output from the Balnaves oilfield, which came online in April, helped boost production figures and offset lower liquefied natural gas and associated condensate production from the North West Shelf due to planned LNG train maintenance.
Also hitting revenues was a 1.6%