There aren’t many pure oil stocks. Most are oil & gas producers:
Woodside Energy Group Ltd is an Australian oil and gas company. It also has a portfolio of offshore platforms.
Santos is a low-cost producer of oil and gas. It’s focused on cleaner energy and clean fuels production. It operates in Australia, Papua New Guinea, Timor-Leste and North America.
Karoon Energy is an international oil and gas exploration and production company. It has two key producing assets – the Baúna Project, Santos Basin, Brazil and Who Dat, Gulf of Mexico, USA.
Unlike most other commodities, the demand growth trajectory for oil is slowing. What does this mean for ASX investors? Is it time to sell or is there still money to be made?
Strike Energy is a low cost onshore gas producer in Australia. It’s primary focus is on its significant gas discovery at West Erregulla, in WAs Perth Basin.
Is a gas exploration and production company. It has fas fields in southeast Australia and low-cost cooper basin oil production.
Is a natural gas company for the east coast Australian market. It’s Mahalo Gas Hub projects near Gladstone Qld are are low cost.
Crude oil is the raw natural resource that is extracted from the earth.
It is then refined into petroleum products such as petrol and jet fuel.
Oil is part of the energy sector. There are 123 energy companies. This includes equipment and service industry and oil and gas and consumable fuels.
Not many stocks are purely oil.
Oil demand continues to fluctuate on the ASX, although blue chip brands with high market caps continue to provide high returns.
The following oil stocks command some of the highest value by market capitalisation on the ASX:
