Australian energy stocks slide off over one-year high on lower oil, results

Beach Energy

05/02/2026 02:35

** Australian energy stocks .AXEJ fall 1.6% after hitting highest level since early Oct 2024 in the previous session

** Shares ease as tensions cool off after U.S. and Iran agree to hold talks on Friday O/R

** Sub-index also dragged by Beach Energy BPT.AX, which fell as much as 5.2% after posting lower first-half profit

** Oil and gas majors Woodside Energy WDS.AX and Santos STO.AX both down 0.5%

** AXEJ gained 10.6% in January

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))