Australia's Beach Energy set for worst week in 4 months on profit decline
16/08/2024 04:52
** Shares of Beach Energy BPT.AX down 8.2% so far this
week, on track to post biggest weekly pct loss since April 12
** For the day, shares up 1% at 0348 GMT
** The oil and gas producer on Monday reported a decline in
annual profit and downgraded reserves for a key gas field in
Victoria state
** Stock down ~19% YTD, as of last close
(Reporting by Echha Jain in Bengaluru)
((Echha.jain@thomsonreuters.com))
Recent news on Beach Energy
See all newsAustralian gas reservation scheme gains backing of Senate committee
Brief: Beach Energy To Materially Expand Acreage Position In Taroom
Brief: Beach Energy Says FY27 Guidance Maintained For Production
Australia's Beach Energy rises on higher quarterly production
Australian energy stocks jump as Citi stays positive on improved commodity prices