3 ASX Blue chip stocks for long term holding
These three stocks have recently reported strong project wins, financial results and strategic initiatives driving growth and operational efficiency.
Worley Limited (ASX: WOR)
received full approval on 19 March 2026 to proceed with Phase 2 of Venture Global’s CP2 LNG project after final investment decision. Work now moves into execution and showing strong client confidence.
Worley secured a FEED and procurement contract for the Aphrodite offshore gas project on 13 March. This continues earlier involvement and supports a large energy development planned for future production.
On 5 March 2026 a framework agreement with Tengizchevroil covers engineering and project support services across operations. This reflects steady demand and strengthens Worley’s position in a key energy region.
On 26 February 2026 half year results showed revenue growth and stable operating earnings despite lower profit. Strong bookings and backlog indicate ongoing activity with the cost savings expected to support performance ahead.
Woolworths Group Limited (ASX: WOW)
on 25 February 2026, shared its half year result for the period ended 4 January 2026 showed group sales rose 3.4% whereas EBIT increased 14.4%. All segments improved with showing recovery and better cost control across operations.
Australian Food sales grew 3.6% with stronger second quarter momentum and eCommerce demand. Earnings increased with margin improvement, suggesting better efficiency and stable customer demand.
New Zealand Food earnings rose strongly due to transformation progress. BIG W delivered profit improvement with better clothing performance and reduced losses, showing early success in turnaround efforts.
Cost savings reached $400 million while strategy focused on value and convenience. Early second half trading remained strong though competition stayed intense and customers continued seeking lower prices.
Santos Limited (ASX: STO)
on 9 March 2026, took final investment verdict on the Moomba Central Optimisation project. The plan targets the cost savings, higher productivity and reduced emissions.
On 20 February 2026, Santos agreed long term gas supply with South Australian government for 200PJ over 10 years. The deal underpins green steel development and secures regional energy and jobs.
On 18 February 2026, Santos reported strong full year 2025 results. Sales reached 93.5 mmboe generating $4.9 billion with underlying NPAT of $898 million and free cash flow of $1.8 billion.
The company continues improving unit costs and efficiency. Prepayment funds and optimisation projects strengthen operations while long-term agreements support energy security and sustainable industrial growth in South Australia.
(Source: Company Report)
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