The Woodside share price is down 30% in a year. What’s going wrong?
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Only a handful of companies within the S&P/ASX 200 Index (ASX: XJO) have delivered a poorer return than the Woodside Energy Group Ltd (ASX: WDS) share price over the past year. The performance is all the more disappointing in the context of the benchmark breaking down the door of previous highs.
In a record 12 months for the broader ASX 200, shares in the oil and gas giant have receded 30.5% to $25.29. At least Woodside shareholders are not alone in their sorrows. The energy sector is the worst-performing of the bunch, falling 21.5% from where it was located a year earlier.
The Woodside share price needs to increase 44% to make back the last year’s worth of lost ground. Is it possible? Well, a good place to…
