5 ASX 200 energy shares smash multi-year highs after oil price spike

The energy sector remains one of the most important parts of ASX 200 stocks especially with oil prices, LNG demand and refining margins moving globally. Many ASX 200 stocks in the energy sector are generating strong cash flow and paying dividends which keeps investors interested. Here are five important energy companies from ASX 200 stocks and their latest updates.

Ampol Limited (ASX: ALD) 

announced its operating performance which included RCOP EBITDA of $1.4 billion and RCOP EBIT of $947 million. The company announced total fuel sales volumes of 25.2 billion litres.

Unlike other ASX 200 stocks in oil and gas production ALD’s performance depends more on refining margins and fuel demand rather than oil prices. ALD is also investing in its electric vehicle charging and energy infrastructure which might add to its future growth story.

Woodside Energy Group (ASX: WDS) 

announced a new production record, reaching 198.8 million barrels of oil equivalent by 2025. WDS reported the net profit after tax of $2.7 billion, underlying profit of around $2.6 billion and free cash flow of roughly $1.9 billion. It announced the final dividend of US 59 cents per share, raising total annual dividend to US 112 cents per share.

Its future growth will depend on project like Scarborough and Louisiana LNG. WDS is focusing on boosting output, controlling costs and tackling future LNG demand

Viva Energy Group (ASX: VEA) 

reported the revenue of $28.5 billion in 2025 but its underlying replacement cost profit is lower than the last year. The company continues to receive government support under the Fuel Security Services Payment scheme to support domestic refining operations. 

Viva Energy has spent approximately $500 million on refinery improvements and fuel storage infrastructure projects over the past few years. Among ASX 200 stocks, Viva Energy holds significance as it runs one of the few remaining oil refineries in Australia and its success is influenced by refining profits, fuel demand and government backing for local fuel production.

Santos Limited (ASX: STO) 

announced the revenue of approximately $4.9 billion with an underlying net profit of $898 million and free cash flow of $1.8 billion. 

It declared the final dividend of US 10.3 cents per share and bringing total annual dividend to US 23.7 cents per share.

STO is funding Moomba optimization project which is anticipated to generate more than $600 million in capital and operational expense savings while decreasing the production cost by as much as $3 per boe. 

Santos is recognized for its efficient cost management and robust cash flow produced by its LNG and gas assets.

Yancoal Australia (ASX: YAL) 

reported coal resources of around 4,400 million tonnes and the coal reserves of about 850 million tonnes as of December 2025. The company announced dividend of $0.122 per share for the period. 
Yancoal is one of the major coal producers supplying coal to global energy markets especially Asia. 

Among ASX 200 stocks linked to energy and mining, Yancoal’s earnings are highly dependent on coal prices and export demand. When coal prices are strong, the company generates strong cash flow and dividends, but earnings can be volatile when commodity prices fall.

(Source: Company Announcements)