Sharp increase in oil prices has led to outperformance of energy stocks, with WTI rising 20% this year. EIA forecasts $90/bbl in Q2 2024 and $3.60/gal in retail gasoline prices by 2024. 3 energy firms in top 10 S&P 500 performers YTD and many more set to report earnings in April 2024.
Woodside Energy ends acquisition talks with Santos due to a lack of identified benefits. CEO Meg O'Neill emphasizes value-driven decisions, prioritizing shareholder interests in every transaction.
Woodside Energy Group Ltd (NYSE: WDS) penned a Sales and Purchase Agreement (SPA) with Pilgangoora Operations Pty Ltd, for supplying Domestic LNG from the Pluto Truck Loading Facility.