ASX Energy stocks get a boost following tighter supply concerns
Following the latest U.S. sanctions on major Russian oil producers and a sharp rise in global energy prices, these ASX energy stocks surged as investors priced in tighter supply conditions and renewed optimism for better earnings across Australia’s oil and gas sector.
Woodside Energy Group Limited (ASX: WDS)
has continuously shown great performance over the years and proved why it is one of Australia’s most reliable energy companies.
The company’s big growth projects are going as planned as the Scarborough Energy Project is already 91% done and aims for first LNG in 2nd half of 2026 while the Beaumont New Ammonia Project is 97% complete and should start production later this year.
In the US, Woodside made its position stronger by signing a deal with Williams for the Louisiana LNG Project which targets first gas in 2029.
With full year production guidance now between 192–197 MMboe and progress continuing across all its projects, Woodside looks in a great spot to grow.
Viva Energy Group Limited (ASX: VEA)
keeps building up its spot as one of Australia’s top fuel and convenience retailers.
It’s been expanding across the country, now running more than 1,300 fuel and convenience sites under brands like OTR, Liberty and Reddy Express.
In 2025 the company mainly worked on getting more efficient and showing better results across retail, commercial and refining areas.
Viva has also been doing well with its store conversion plan, turning old outlets into OTR stores to improve customer experience and sales.
On the infrastructure side, things like the Ultra Low Sulphur Gasoline upgrade and hydrogen refuelling project at Geelong show that Viva is serious about clean energy as it looks to grab growth.
Ampol Limited (ASX: ALD)
is one of the key names in Australia’s energy space with a big network of fuel and convenience stores across the country while also expanding steadily in New Zealand.
The company runs an integrated setup that covers fuel supply, refining and retail which helped it stay steady even with tough market conditions.
Ampol is also reshaping its energy plans for the future by building EV charging stations.
With plans to strengthen its main business, grow more retail sites and move slowly toward cleaner energy, Ampol looks ready for the future as both Australia and New Zealand move toward lower carbon goals, its broad setup and smart investments make it one of the top energy stocks to keep an eye on.
(Source: Company Announcements)
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