From WDS to YAL: How are ASX energy stocks faring?

Image Source: Image source: © Michaeldb | Megapixl.com

Highlights: 

  • From COVID-19 lockdowns to the Russia-Ukraine war, the energy sector has managed to sail its ship through all, so far. 
  • Although the oil and gas businesses have been flourishing now, driven by soaring prices of energy, Australian households are the ones that still suffer.
  • Today, 10 out of 11 sectors under the S&P/ASX 200 index have closed in green. The Energy sector is one of them. 

Of late, the energy sector has been facing a lot of challenges. From COVID-19 to the Russia-Ukraine war, the sector has survived it all. During the COVID-19 lockdowns, there have been disruptions in the supply chain. Along with that, many companies had to shut down their businesses, while others had to deal with employee shortages. As a result, there had been a steep downfall in the business during that period. 

After the pandemic induced lockdowns, the energy sector has been witnessing much worse Russia-Ukraine war. The war has resulted in a massive supply chain disruption and led to the price surge of coal and petroleum worldwide. Even today, the Australian oil and gas explorers are facing the impacts of the war. 

On one hand, the surge in coal, natural gas, and petroleum prices have helped some of the companies to recover and flourish in their respective business, on the other, the soaring prices of coal, natural gas and petroleum have had a negative impact on Australian households and businesses as they have to pay higher bills. 

As of June 2022, the prices of coal have increased by three times compared to their price last year. Furthermore, the price of petroleum has touched a 20-year high this year.

Today, Crude oil WTI was spotted trading at US$97.86 at 5:34 PM AEST. On the other hand, natural gas was spotted trading at AU$8.161 at 5:35 PM AEST. 

Here, in this article, we will briefly have a look at five top-most ASX energy stocks- Woodside, Santos, Washington Soul H Pattinson, Ampol, and Yancoal; and see how they are faring on the ASX today. 

Meanwhile, the S&P/ASX 200 Energy sector (INDEXASX:XEJ) ended today’s session on a positive note. The sector closed at 10,238.8 points after gaining 32.3 points or 0.316% on the ASX today.  

Woodside Energy Group Limited (ASX:WDS) 

Oil and gas explorer Woodside Energy Group Limited (ASX:WDS) buzzed in the green territory and ended trading marginally higher today (29 July). Woodside’s share price traded last at AU$31.980 per share after gaining 0.031%. 

In a year’s time, Woodside’s share price has appreciated significantly by over 45% on the ASX. On the other hand, the company’s year-to-date basis share price gained over 41% on the ASX today. 

In a recent announcement, Woodside has shared its Q2 FY22 results on the ASX. The company reported that its production has gone up by 60% in the given period, compared to the previous corresponding period. Followed by a strong quarter, the company generated 44% higher revenue in Q2FY22 compared to Q1FY22. 

Santos Limited (ASX:STO) 

South Australia-based petroleum explorer Santos Limited (ASX:STO) ended today’s trading session at AU$7.300 per share, up 0.828%. 

In a span of one year, Santos’ share price has gained over 13% on the ASX. On the other hand, Santos’ YTD-based share price gained more than 10% on the ASX today. 

On 21 July 2022, Santos released its Q2 FY22 results on the ASX. In the given period, Santos delivered a sales revenue of US$3.8 billion, up by 85% from the previous corresponding period. 

Image source: © Bulus | Megapixl.com

Washington Soul H Pattinson & Company Limited (ASX:SOL) 

Renowned energy firm Washington Soul H Pattinson & Company Limited (ASX:SOL) closed 1.261% up at AU$25.690 per share on the ASX. 

Within a year’s time, Washington’s share price marked a loss of over 21% on the ASX. Furthermore, Washington’s YTD-based share price fell over 17% on the ASX today. 

Ampol Limited (ASX:ALD) 

Australian petroleum business Ampol Limited (ASX:ALD) closed 1.177% higher at AU$33.5 per share on the ASX today (29 July). 

In a year’s time, Ampol share price has appreciated almost by 19% on the ASX. On the other hand, Ampol’s YTD basis share price also gained nearly by 12% on the ASX today. 

Yancoal Australia Limited (ASX:YAL) 

Leading Australian coal producer Yancoal Australia Limited (ASX:YAL) closed at AU$5.00 per share, down 1.3% on the ASX today. 

Within the last 12 months, Yancoal’s share price significantly gained over 135% on the ASX. Moreover, Yancoal’s year-to-date share price has gained nearly by 79%.


 


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