SYDNEY, Jan 22, 2026, 17:44 AEDT — Market closed
- Woodside ended the day roughly 2.9% higher, finishing at A$24.19 on the ASX
- Oil prices ticked up, giving a boost to local energy stocks
- Attention shifts to Woodside’s quarterly report on Jan. 28, ahead of the ASX holiday this Monday
Shares of Woodside Energy Group Ltd closed up roughly 2.9% at A$24.19 on Thursday, swinging between A$23.95 and A$24.24 during the session.
The rise followed stronger oil prices and a wider rally in energy shares, with Brent crude climbing to about $65 a barrel in Asian trading.
“A pact on Greenland would cut downside risks from a U.S.–Europe trade war,” said Mingyu Gao, chief researcher for energy and chemicals at China Futures, highlighting a key factor behind the change in sentiment. Reuters
Oil traders factored in a supply disruption at Kazakhstan’s Tengiz and Korolev fields. At the same time, industry data revealed U.S. crude stocks climbed roughly 3.0 million barrels last week, underscoring the ongoing glut.
With the ASX closed today, Woodside investors are now focused on the company’s Q4 2025 results set for release on Jan. 28, then the full-year 2025 report coming Feb. 24.
Woodside climbed as its peers gained ground, with Santos and Beach Energy also pushing higher in afternoon trading.
Woodside’s stock is listed on the ASX and also available in New York through American depositary shares—receipts that represent the Australian shares. This setup leaves Woodside vulnerable to overnight shifts in crude prices and global risk sentiment.
Australia’s market wraps up with a brief end-of-day auction that determines the official closing price, after which trading halts for the day.
Oil remains the main driver. The International Energy Agency warned Wednesday of a sizable surplus hitting the market in Q1 2026, forecasting supply will outpace demand by 4.25 million barrels per day. That kind of imbalance could limit crude price gains and weigh on producer profits.
Traders are eyeing oil’s overnight moves as Friday’s session approaches, while also gearing up for Woodside’s update on Jan. 28. The ASX will be closed Monday for Australia Day.
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