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Why is the Woodside share price getting smashed on Tuesday?

Why is the Woodside share price getting smashed on Tuesday?

The Woodside Energy Group Ltd (ASX: WDS) share price is taking a beating today.

Shares in the S&P/ASX 200 Index (ASX: XJO) energy stock closed yesterday trading for $34.79. In late morning trade on Tuesday, shares are changing hands for $33.77 each, down 2.9%.

For some context, the ASX 200 is up 1% at this same time.

But it’s not just the Woodside share price that’s underperforming today.

Here’s how these other top ASX 200 energy stocks are tracking this morning:

  • Santos Ltd (ASX: STO) shares are down 2.7% at $7.83 each
  • Beach Energy Ltd (ASX: BPT) shares are down 1.6% at $1.27 each
  • Karoon Energy Ltd (ASX: KAR) shares are down 3.4% at $1.99 each

So, what’s going on?

A barrel of oil suspended in the air is pouring while a man in a suit stands with a droopy head watching the oil drop out.

Image source: Getty Images

Why is the Woodside share price tumbling?

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