Stock Track | Woodside Energy Plummets 5.10% as Oil Prices Retreat on Trump-Putin Call

Stock Track

03/10

Woodside Energy Group Ltd's stock plummeted 5.10% intraday, underperforming the broader energy sector.

The decline came as oil prices turned negative following news of a phone call between U.S. President Donald Trump and Russian President Vladimir Putin, dragging down Australian energy stocks. The Australian energy sub-index fell as much as 3.2%, its weakest intraday performance in over a month.

Woodside, as one of Australia's largest energy companies, is particularly sensitive to fluctuations in oil prices, which directly impact its revenue and profitability projections.

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