Top ASX 200 Oil and Gas Stocks to Watch in 2025

3 min read | October 28, 2025 08:48 PM PDT | By Sam

Highlights

  • Overview of Australia’s top oil and gas players

  • Focus on ASX-listed energy producers shaping the sector

  • Insights into resource projects driving national energy output

Australia’s top oil and gas producers, including Woodside Energy and Santos, continue to lead the ASX 200 energy landscape through exploration, production, and sustainable energy development.

The Australian oil and gas sector continues to power the nation’s economy through global shifts in energy supply and demand. Among the standout players, Woodside Energy Group (ASX:WDS) remains a significant contributor to Australia’s liquefied natural gas exports and features in the ASX 200. With strong production foundations and strategic offshore ventures, the company reinforces Australia’s position as a global energy hub.

These energy leaders form a vital link between domestic supply and international trade, underscoring the sector’s contribution to the ASX stock market and broader economic performance.

What Are the Leading Energy Players?

Australia’s oil and gas sector is home to well-established companies driving innovation, expansion, and sustainable production.

Woodside Energy Group (ASX:WDS)

Woodside Energy stands as Australia’s largest independent oil and gas producer, known for its operations across liquefied natural gas projects. Its ongoing developments in offshore fields enhance Australia’s export capacity, positioning it as a key global supplier. The company’s strategic project portfolio continues to strengthen the country’s energy security while contributing to the ASX 100.

Santos (ASX:STO)

Santos remains one of the most recognisable names in Australian energy. With an extensive network of production and exploration projects across Australia and the Asia-Pacific, Santos maintains a vital role in supporting domestic energy demand. Its integrated portfolio includes natural gas ventures that underline its operational scale and steady contribution to the regional market.

Viva Energy Group (ASX:VEA)

Viva Energy operates the Geelong refinery and supplies fuel across Australia, overseeing a widespread network of service stations. Its ongoing infrastructure developments, including potential expansion into gas import facilities, highlight its adaptability to evolving energy demands. Viva Energy continues to deliver refined products critical to Australia’s industrial and transport sectors.

Beach Energy (ASX:BPT)

Beach Energy, with its diversified portfolio across Australian and New Zealand basins, holds a significant position in domestic production. Its operational focus on both onshore and offshore developments strengthens supply resilience within Australia’s competitive energy landscape.

Karoon Energy (ASX:KAR)

Karoon Energy is advancing growth through its exploration and production activities across Brazil and the Gulf of Mexico. With expanding offshore projects, the company exemplifies the international reach of Australian-listed oil and gas entities.

How Is the Sector Positioned in 2025?

The year highlights a transitional period for global energy markets, where Australian oil and gas producers play a pivotal stabilising role. With rising emphasis on resource security and diversification, these companies continue to drive exploration and production efficiency. Their presence on the ASX ordinaries stocks index reflects investor confidence in the long-term value of energy infrastructure.

Why Does the Sector Matter?

Australia’s oil and gas producers remain essential to both the domestic and global supply chain. Their sustained output, technological innovation, and operational resilience ensure that the nation retains its strategic advantage in the ASX mining stocks and energy sectors. As markets evolve, these entities continue to shape Australia’s energy independence narrative while driving innovation and employment.

 

Frequently Asked Questions

  • What makes Woodside Energy significant in Australia’s energy sector?

    Woodside Energy is Australia’s largest independent natural gas producer, leading multiple offshore LNG projects.

  • Which Australian company refines and distributes fuel nationwide?

    Viva Energy operates the Geelong refinery and manages a vast fuel supply network across Australia.

  • How does Santos contribute to regional energy markets?

    Santos supports domestic and international energy demand through its extensive gas production projects.


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