SYDNEY, June 27, 2026, 04:01 AEST
- Woodside finished Friday at A$27.65, gaining 0.8% for the session. Shares are still down 4.8% from last Friday’s A$29.03 close. Intelligent Investor
- The S&P/ASX 200 (INDEXASX:XJO) edged up 0.18% to 8,764.2 on Friday. Over the week, the index dropped 0.73%. ABC News
- Supply plans are divided, with 31.1 petajoules locked in for Alcoa Corp (NYSE:AA), and as much as 200 petajoules dependent on future Gippsland Basin wells that await an investment decision. Alcoa
- Brent crude headed for a 9.7% weekly drop with tanker traffic picking up through the Strait of Hormuz. Australia’s gas-reservation talks finish June 30. Reuters
ASX cash equities weren’t trading at the dateline. The normal window for ASX cash market is 09:59:45 to 16:00 Sydney. So Friday’s close stands as Woodside’s latest local price. Australian Securities Exchange
Woodside lagged the benchmark by nearly four percentage points for the week. With TradingView showing a A$52 billion market cap, the drop from last Friday’s close wiped about A$2.6 billion off the company’s equity, based on the most recent share price for the share count. Intelligent Investor
Crude prices moved lower, with Brent off 3.2% at US$72.84 a barrel on Friday and down 9.7% for the week as more tankers left the Strait of Hormuz, Reuters said. U.S. West Texas Intermediate dropped 2.7% to US$69.95. Reuters
Woodside outlined two numbers in its news: 31.1 petajoules and 200 petajoules. That 31.1 PJ is locked-in gas for Alcoa’s Western Australian alumina refineries, running from 2027 through 2030. The 200 PJ is sales gas that could come from four Gippsland Basin development wells, which is more than six times Alcoa’s volume but hasn’t reached final investment decision. Alcoa
Investors are watching the gap. Woodside now has locked-in domestic gas demand from the Alcoa deal. Gippsland is a larger asset, but CEO Liz Westcott said on Thursday the company still has to weigh up its technical state and the domestic gas reservation regime. “Capital flows to countries with stable, predictable and competitive policy settings,” Westcott said at a CEDA event. Woodside
Westcott said Woodside’s US$12.5 billion Scarborough Energy Project is still set for its first LNG cargo in the fourth quarter, and the second LNG train at Pluto is “almost complete”. That could give the stock a near-term catalyst, but shares still tracked oil’s drop at Friday’s close. Woodside
Alcoa Energy Director Australia Nick Eaton said the Woodside deal “helps maintain reliable energy supply to our refineries”. Alcoa said about 4,000 people work at its Western Australian sites and that it spent A$2 billion with WA suppliers in 2025. Alcoa
Woodside Executive VP and Chief Commercial Officer Mark Abbotsford said the company is “continuing to bring gas to the WA market”. Woodside reported its Western Australian natural gas share at 90.3 petajoules in 2025, which is about 21% of the state’s domestic supply. The Alcoa contract averages roughly 7.8 petajoules per year, making up about 8.6% of Woodside’s projected 2025 WA gas output. LinkedIn
Australian government puts its domestic gas reservation scheme on track for 2027. LNG exporters will need to supply 20% of their export volume to the local market starting July 1, 2027. Consultation on the draft design runs through June 30. Gov
Barclays PLC (LON:BARC) trimmed its Brent price outlook for 2026 and 2027 on Friday after more oil moved through Hormuz, Reuters wrote. Investors watch oil futures head into the weekend, waiting for any Woodside filing and with the reservation-scheme deadline set for Tuesday. Reuters
