Woodside Petroleum Ltd [ASX:WPL] released its September quarter results. Woodside Petroleum Ltd [ASX:WPL] share price is currently exchanging hands for $24.19 a share, a dip of 1.35%.
The deal sparked buying activity in both stocks, with Ampol [ASX:ALD] share price currently trading at $30.22 per share, up 3.60%. ZEL shares, in turn, are currently up 6%, exchanging hands for $3.42 a share.
It takes billions in exploration budgets and then capital investment to bring those resources to the market. It doesn’t just happen. And when it doesn’t happen, the lights go out.
The last one — the argument that the age of fossil fuels is over and we’ll all miraculously move to a ‘net-zero’ emissions world within 20 years — is the one that’s made energy stocks…
Renewables have been copping much of the blame for Europe’s energy crisis, in particular, offshore wind. The calmer weather has meant less production for European wind farms.
This underinvestment in traditional energy means we’re likely entering into a secular bull market for oil and gas prices.
Beach Energy Ltd [ASX:BPT] share price is currently trading at $1.34 per share, up 8.5%. The Beach Energy Ltd [ASX:BPT] today outlined its low-risk strategy targeting production of 28 MMboe…
Origin Energy [ASX:ORG] shares are down today, following a sharp decline in statutory and underlying profits. ORG shares are currently trading at $4.21 per share, down 3.5%.
The Santos [ASX:STO] share price fell on STO’s half-year results despite posting a sales volume half-year record of 53.8 million barrels of oil.