Sydney, Feb 10, 2026, 17:13 AEDT — Trading after the bell.
- Woodside closed 0.35% higher at A$25.93. Turnover came in below its recent average.
- Early trading saw oil pull back, with markets factoring in renewed risk around the Strait of Hormuz.
- Next up: Woodside’s full-year figures and briefing, set for Feb 24.
Woodside Energy Group Ltd finished up 0.35% at A$25.93 on Tuesday, shrugging off a dip in crude prices. Roughly 2.35 million shares changed hands—lighter than the three-month average listed on the stock’s quote pages.
That gap in performance catches attention, since Woodside’s shares continue to track oil and LNG prices. A major catalyst is coming up: the investor calendar lists Feb. 24 for the release of 2025 full-year results. Right after, acting CEO Liz Westcott and CFO Graham Tiver are set to field questions at a briefing and Q&A.
Oil slipped early Tuesday, pulling back from the previous day’s rally. Brent edged down 0.26% to $68.85 a barrel, while U.S. WTI lost 0.33% to $64.15 as of 0353 GMT, Reuters data showed. “A modest risk premium” remains, said IG analyst Tony Sycamore, pointing to lingering uncertainty over possible escalation and sanctions. Reuters
Supply chatter hasn’t let up. OPEC pumped 28.34 million barrels per day in January, a dip of around 60,000 bpd from December, according to a Reuters survey. Output from Nigeria and Libya dropped, wiping out gains seen in other OPEC members.
Woodside investors are juggling questions about how much output and cash the company can squeeze out as it faces scheduled maintenance and the transition to new projects. In its Jan. 28 update, Woodside flagged a softer production forecast for 2026, guiding to 172–186 million barrels of oil equivalent (boe) — a standardized metric for oil and gas. The company cited a planned Pluto LNG turnaround in Q2 and uncertainty around ramp-up timing at Scarborough. Westcott put Scarborough’s progress at 94%, still “on budget” for first cargo in the fourth quarter of 2026. Jarden’s Nik Burns described the quarter as “strong,” adding that the market could well expect Woodside to beat its guidance again. Reuters
Peers were a mixed bag. Santos, for example, last changed hands at A$6.94 on Feb. 10, just a hair under its prior A$6.95 close, per its ASX listing.
For Woodside, there’s a clear risk: if Middle East tensions ease and the oil “risk premium” evaporates, crude prices could slump, pulling energy stocks down with them. Internally, it’s project execution and downtime that threaten. Miss a commissioning target or lose the grip on costs? That stings more when pricing isn’t offering any cushion.
Heading into Wednesday, traders are watching crude while also bracing for Woodside’s Feb. 24 results, looking for any tweaks to dividend signals, spending, or guidance. The date is set in stone, but guidance tone remains up in the air.
