Sydney, June 9, 2026, 05:01 (AEST)
- Woodside last traded on the ASX at A$30.91 on Friday before Monday’s King’s Birthday market closure.
- Its New York-listed ADSs were up about 1.8% in Monday afternoon trade, giving Sydney traders a lead.
- Oil stayed firm but volatile after Iran and Israel said they had halted attacks.
Woodside Energy Group’s Australian shares head into Tuesday’s reopen with a firmer offshore lead, after the ASX closed Monday for the King’s Birthday holiday and the company’s New York-listed stock rose while oil prices swung on Middle East headlines.
The pause matters because local investors have had no cash-market trade since Friday. ASX’s 2026 calendar marks Monday, June 8, as a closed, non-settlement day, leaving Woodside’s last local print at A$30.91 at Friday’s close.
The broader market tone was not strong. The S&P/ASX 200, Australia’s main share benchmark, fell 61 points, or 0.7%, to 8,625.10 on Friday and slipped 1.2% for the week, hurt by banks and miners. Woodside, by contrast, was up about 0.8% from its prior week’s close of A$30.66.
The cleanest overnight guide came from the U.S. line. Woodside’s American Depositary Shares — U.S.-traded certificates representing foreign shares — were last at $21.715, up $0.385, or roughly 1.8%, at 18:43 UTC on Monday. Woodside says its ordinary shares trade on ASX and its secondary New York listing trades as American Depositary Shares under WDS.
Oil gave support, but not a clear one-way signal. Brent crude was up 1.2% at $94.14 a barrel and U.S. West Texas Intermediate was up 0.5% at $91.01 after earlier gains of more than 5%, Reuters reported, as Iran and Israel said they had halted attacks following an appeal from U.S. President Donald Trump. Dennis Kissler, senior vice president of trading at BOK Financial, called it “nervous trade.” Reuters
That is the day’s push and pull for Woodside. Higher crude and liquefied natural gas prices can lift cash flow expectations for producers; liquefied natural gas, or LNG, is gas cooled into liquid form so it can be shipped. But a rapid de-escalation in the Gulf would cut some of the war premium now in energy prices.
Saudi Arabia also cut July official selling prices — the monthly reference prices it charges customers — for crude sold to Asia by $6 a barrel, Reuters reported. That was a reminder that demand still matters, even with supply routes under strain.
The company-specific thread is still Browse. BP said last week it would sell a 5% stake in the Woodside-led Browse LNG project in Western Australia to South Korea’s GS Energy, leaving BP with 39.33% of a project expected to cost A$48.7 billion. MST analyst Saul Kavonic called the sale a “constructive sign of incremental progress” and said GS was likely to “support Woodside’s plans” for Browse. Reuters
Woodside Chief Executive Liz Westcott put the same project in domestic-policy terms late last month, saying the company was “working hard to develop new gas supply in Australia” and needed “stable, predictable and competitive” tax and regulatory settings. That remains a live risk for the stock, not just a talking point. Woodside
Investors also have Scarborough in view. Woodside says the Scarborough Energy Project is more than 96% complete, excluding Pluto Train 1 modifications, with first LNG cargo targeted for the fourth quarter of 2026 and 8 million tonnes per annum of LNG capacity at 100% of the project.
Peer trading gives some context. Santos, Beach Energy and Karoon Energy also sold off in May as oil and gas prices retraced; Woodside fell 8.6% that month, Santos dropped 2.4%, Beach lost 8.5% and Karoon fell 10.5%, according to a market report. The reopen will show whether Woodside’s bigger LNG exposure now helps or hurts relative to those names.
The next scheduled company catalysts are not immediate. Woodside lists its second-quarter report for July 29 and half-year results for Aug. 25, so near-term trading is more likely to turn on oil prices, the Browse approval path and whether Scarborough stays on schedule.
The risk is simple enough. If the Middle East premium fades, Chinese and Asian energy demand softens, or Australian approvals drag on Browse again, the ADR lift may not carry into a durable ASX move. For Tuesday, though, traders start with one hard fact: Woodside opens after a holiday with offshore buyers a little ahead of them.
