ASX Oil & Gas Stocks

Make money from the best oil & gas shares

Rich and Peter talk oil & gas stocks on the ASX

Investing in oil & gas in the ASX

There aren’t many pure oil stocks. Most are oil & gas producers:

  • Most oil companies produce gas as well like $WDS, $STO
  • Karoon Energy is a pure oil stock.
  • Natural gas is promoted as a transition fuel
  • Small Caps in gas include Strike Energy $STX, Cooper Energy $COE and Comet Ridge $COL .
  • Gas shortages in the Australian market

Oil shares on the ASX

Top oil stocks on the ASX

WDS 4 March 2025

Woodside (ASX: WDS)

Woodside Energy Group Ltd is an Australian oil and gas company. It also has a portfolio of offshore platforms.

Santos (ASX: STO)

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 (ASX: KAR)

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.

Special Energy Report

The IEA projects oil use for aviation and petrochemicals will increase to 2050

Understanding the global oil market

With the world moving to a green economy, what does this mean for oil stocks?

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?

Australian natural gas shares on the ASX

Gas price is driven by demand for this reliable transition fuel

STX Strike energy 5 year price chart @ Nov 2024

Strike Energy (ASX: STX)

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.

COE 5 year share price_nov 2024

Cooper Energy (ASX: COE)

Is a gas exploration and production company. It has fas fields in southeast Australia and low-cost cooper basin oil production.

Comet Ridge COI 5 year share price chart_nov 2024

Comet Ridge (ASX: COI)

Is a natural gas company for the east coast Australian market. It’s Mahalo Gas Hub projects near Gladstone Qld are are low cost.

Energy and Mining Special Report

Global natural gas market trends

What’s driving the gas price

  • Oil and gas prices have risen. The Russia-Ukraine conflict has impacted  global energy markets. With strong demand for LNG in global markets.
  • LNG infrastructure in Australia has increased output and seen the industry expand.
  • Western Australia dominates Australia’s oil and gas landscape. The state accounts for over 40.0% of business locations and over half of Australia’s domestic gas production.
  • Renewable energy sources are rising. With the world moving to a green no emission global economy the long-term need for oil and gas will be reduced.

The key is the energy transition. Gas is seen with a longer-term future than oil.

Richard Hemming_w
Richard Hemming
Editor

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