Sydney, June 12, 2026, 06:02 AEST
- Woodside Energy Group Ltd finished at A$31.52, up 48 cents, or 1.55%. Shares touched a low of A$31.41 and a high of A$31.98 during the day.
- S&P/ASX 200 slipped 0.23% to finish at 8,633. Energy stocks drew buyers, but it wasn’t enough to hold the index in positive territory.
- ASX energy stocks tracked oil as the main factor, with Brent crude closing down 2.9% to US$90.38 a barrel after a choppy day.
Woodside Energy Group Ltd ended up on the ASX as traders picked up oil and gas stocks, with the broader Australian market down. Woodside was at A$31.52 as of 16:41, up A$0.48 or 1.55% from the previous finish at A$31.04, based on Intelligent Investor data. Shares moved between A$31.41 and A$31.98 over the session.
The move ran counter to the wider market. ABC News said the S&P/ASX 200 slipped 0.23% to finish at 8,633, after early losses eased as some buyers stepped in for energy shares. Still, the index closed lower. Losses in other sectors outweighed the lift from resources and defensive stocks.
Woodside traded near the top of the large caps in early action. At 10:36 a.m., Market Index showed WDS up 2.48% at A$31.81, with insurers and energy leading and metals like gold, aluminium, and uranium weaker. The stock lost some ground later but stayed in the green by the close.
Oil-price swings were in focus. Australian outlets said energy stocks like Woodside, Santos and Ampol climbed with oil risk top of mind, but the ASX 200 still lost 20.10 points, or 0.23%, to close at 8,633.20 as Middle East worries lingered. Later on, Reuters said Brent futures dropped US$2.72, or 2.9%, to settle at US$90.38 a barrel. U.S. West Texas Intermediate fell US$2.32, or 2.6%, to US$87.71.
Woodside trades in a split market, with the share price often pushed around by both short-term energy sentiment and long LNG project cycles. Reuters calls Woodside a global energy firm with Australian and international operations in LNG, pipeline gas, crude oil, condensate and natural gas liquids, plus marketing, shipping and trading.
Woodside’s most recent update for investors is its first-quarter report from late April. Production came in at 45.2 million barrels of oil equivalent, down 8% on the quarter, with the company blaming seasonal weather. However, the average realised price for the quarter rose 11% to US$63 per boe compared to Q4 2025. Woodside kept its 2026 output guidance steady at 172 million to 186 million barrels.
Scarborough is still a key part of the stock’s medium-term drivers. Woodside reported the Scarborough Energy Project was 96% finished as of the March quarter, with costs holding steady and first LNG cargo targeted for Q4 2026. The floating production unit completed hook-up and started topsides commissioning after arrival in Australia, the company said.
Woodside CEO Liz Westcott said in the quarterly report the priority is “operational excellence, disciplined execution and sustainable value creation” for shareholders. The company is starting a structured review of its business, looking to make decision-making simpler, cut complexity, and boost accountability, according to the statement. It said none of these steps would undermine safety or reliability.
Maintenance is driving near-term production timing too. Woodside has a scheduled Pluto LNG Park train outage from May 1 to June 4, and it plans a one-train maintenance campaign at the Karratha Gas Plant between September 4 and October 3. Both are part of its bigger LNG reliability and project start-up plans.
Woodside’s current price is still under its 52-week high of A$35.80 from April 7, but is trading well clear of its 52-week low at A$22.10 set on October 17. Numbers from Intelligent Investor put it 11.96% down from the high and 42.62% up from the low. That means much of the expected gains for 2026 are already priced in.
