Highlights

Global oil prices fell ~3% overnight as OPEC+ is expected to approve an additional 137,000 barrels per day at its October 5 meeting, following a similar increase in September.

The S&P 500 energy sector was the worst performer, down 1.91% on Tuesday.

Australian energy stocks including Beach Energy (-2.74%), Santos (-2.46%), and Woodside Energy (-1.98%) were impacted.

Oil prices fell around 3% overnight as OPEC+ is expected to approve an additional oil production increase of at least 137,000 barrels per day at its October 5 meeting, following a similar increase in early September. The energy sector recorded the highest drop on the S&P 500, down 1.91%, while all other sectors gained 0.26%. This decline in oil prices has put downward pressure on the energy companies, affecting their share prices and valuations, including Woodside, Beach Energy, and Santos Limited.

Beach Energy Limited - Share Down by 2.74%

Beach Energy Limited (ASX:BPT) is an Australian oil and gas company with operations across South Australia, Victoria, Western Australia, and New Zealand, including projects like Waitsia, Beharra Springs, and the Victorian Otway Basin Enterprise Project

The stock is trading at AUD 1.152 per share, down by 2.74% over the last close of AUD 1.185, with the market cap of AUD 2.70B

The company reported revenue of AUD 2.10 billion and a net loss of AUD 0.04 billion in the financial year ending June 2025 (FY25), compared with FY24 revenue of AUD 1.85 billion and a net loss of AUD 0.47 billion. It has a consistent dividend history, with payments of AUD 0.060 in September 2025 and AUD 0.030 in March 2025, resulting in an annual yield of 7.59%.

Santos Limited - Share Down by 2.46%

Santos Limited (ASX:STO) operates through three regional business units: Eastern Australia and PNG, Northern Australia, Western Australia and Timor-Leste, and Alaska.

The stock is trading at AUD 6.730 per share, down by 2.46% over the last close of AUD 6.900, with the market cap of AUD 22.40B

The company reported revenue of USD 5.51billion and a net profit of USD 1.22 billion in the financial year ending 31 December 2024, compared to revenue of USD 6.03B billion and a net profit of USD 1.41 billion in previous corresponding period. It has a consistent dividend history, with payments of USD 0.134 in Oct 2025 and USD 0.103 in March 2025, resulting in an annual yield of 5.30%.

Woodside Energy Group Ltd – Share Down by 1.98%

Woodside Energy Group Ltd (ASX:WDS) is a global energy company with operations divided into three segments: Marketing, Australia and International.

The stock is trading at AUD 22.955 per share, down by 1.98% over the last close of AUD 23.420, with the market cap of AUD 44.46B

The company reported revenue of USD 13.17B billion and a net profit of USD 3.57 billion in the period ending 31 December 2024, compared to revenue of USD 13.99B billion and a net profit of USD 1.66 billion in previous corresponding period. It has a consistent dividend history, with payments of USD 0.530 in September 2025 and same as in April 2025, resulting in an annual yield of 7.11%.