Woodside Energy Group Ltd (ASX:WDS) is Australia’s largest independent oil and gas company with a global portfolio. It is an explorer, developer, producer and supplier of energy. Woodside has been operating for over 60 years and is now Australia’s leading LNG producer. Some of its current development projects are in Senegal (SNE), Myanmar, Canada (Kitimat) and Timor-Leste / Australia (Sunrise).
A tech slide dragged the ASX indices lower on Wednesday, ahead of the US inflation data coming in overnight.
The benchmark S&P/ASX200 (INDEXASX: XJO) index managed to finish 14.6 points, or 0.2%, higher at 7206.9, with the broader All Ordinaries (INDEXASX: XAO) index tracking that rise in percentage terms, adding 15.1 points to 7402.9.
Both local benchmarks, including the S&P/ASX200 (INDEXASX: XJO) fell 1.2% on Thursday, as pressure continues to build from poor global economic data.
The local share market weakened again on Wednesday, with the All Ordinaries (INDEXASX: XAO) down 0.7% and the S&P/ASX 200 (ASX: XJO) falling 0.8% as seven sectors fell by more than 1%.
The S&P/ASX 200 (INDEXASX: XJO) ended mostly flat on Friday. Here’s some of the key points you missed from ASX 200 trading this week.
A post-result bounce in the Commonwealth Bank of Australia (ASX: CBA) share price helped lift the Australian share market on Wednesday.
The S&P/ASX 200 (INDEXASX: XJO) price managed a tiny gain on Tuesday, with the Commonwealth Bank of Australia (ASX:CBA) share price in focus.
Investors looking for exposure to ASX energy shares have undoubtedly asked themselves which company is better placed to generate superior returns – Woodside Energy Group Ltd (ASX: WDS) or Santos Ltd (ASX: STO).
News that the Chinese government was committed to supporting a slowing economy with economic stimulus were enough to drive both the All Ordinaries and S&P/ASX200 to a 0.5% gain.
