Is the Woodside share price an opportunity too good to pass up?
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There are not many S&P/ASX 200 Index (ASX: XJO) shares that have performed worse over the last two years than one of the largest ASX energy shares. The Woodside Energy Group Ltd (ASX: WDS) share price has declined by around 35%. It has dropped around 12% since 12 November, as the below chart shows.
It’s normal for there to be volatility on the share market and it’s particularly normal for energy shares to experience ups and downs. Energy prices are always on the move and this can sometimes lead to big swings of share prices.
Production costs don’t typically change much month to month, so energy price shifts can dramatically change profitability. Any extra revenue for the same volume of production can largely…
