WDS, STO, ALD: A quick look at 3 ASX energy stocks

December 20, 2022 05:17 PM AEDT | By Ankur Jaiswal
Follow us on Google News:


  • Hydrocarbons, which include oil and gas, are the backbone of any economy's growth and development.
  • The current hydrocarbon market is witnessing bouts of volatility, thanks to the convergence of gloomy global economic sentiments and geopolitical restlessness.
  • Australian oil & gas players are developing their hydrocarbon assets to cater to a highly volatile oil & gas market.

Conventional hydrocarbons, which include crude oil and natural gas, are among the most valuable commodities of current times. The development of any economy is majorly dependent on the ease with which these hydrocarbons are accessible to it. 

However, currently we are witnessing never-seen-before events that add to the extreme unpredictability in the global inventories of oil and gas.

With the convergence of the COVID-19 restrictions in China, gloomy global economic sentiments, and geopolitical restlessness, the oil & gas market is seeing bouts of volatility.

Amid all these market dynamics, hydrocarbon-deprived countries are leaving no stone unturned to fulfil their oil & gas inventories. This has led to a condition where oil & gas players are accelerating development activities across their project portfolios.

With this backdrop, let's skim through some ASX-listed oil & gas stocks and their recent developments:  

Woodside Energy Group Ltd (ASX:WDS): The company holds a portfolio of long-life assets in Australia, the United States, Senegal, and the Caribbean.

The company highlights that out of these projects, the Sangomar project (Senegal) and Scarborough/Pluto Train 2 (Australia) are on target for first production in 2023 and 2026, respectively.

As per the company update released early December 2022, the various attributes that support its production growth are as follows:

  • From 2023 to 2027, the company is anticipating a more than 4% CAGR.
  • WDS expects production at 180–190 MMboe for FY23.
  • Woodside is anticipating a pipeline of opportunities post 2027.

Santos Limited (ASX:STO): In its Investor Briefing Day presentation, Santos highlighted that the macroenvironment is currently volatile and energy security is the most critical concern for nearby countries. It also drew attention to the strong consumer for Santos’ products in the market.

Santos generated US$2.7 billion in free cash flow to September end, emphasising that its business is performing strongly.  

The company gave a production guidance of 91–98 MMboe for 2023, with major projects' capital expenditure estimated to be around US$1.835 billion.

It recently received a conditional offer from Kumul Petroleum Holdings Limited for the acquisition of a 5% interest in PNG LNG. The offer is placed at an asset value of US$1.4 billion, including a proportionate share of project finance debt of US$0.3 billion.

Ampol Limited (ASX:ALD): Ampol, which is one of Australia and New Zealand’s leading transport fuel and convenience retailer companies, believes in creating opportunities based on its integrated supply chain.

Its infrastructure across Australia and New Zealand includes 1 refinery, 6 pipelines, and 24 terminals. The company holds a storage capacity of 1,800 million litres.

The Lytton refinery can process light sweet crudes and has a capacity of ~109,000 barrels per day. The refinery is located in Brisbane, Queensland, in close proximity to retail and commercial/industrial demand pools.

The group has reported record financial performance in 1H 2022, with AU$927 million as replacement cost operating profit (RCOP) EBITDA, which translates to an 85% increase compared to 1H 2021 numbers.  


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK