Woodside Energy Group Ltd (ASX: WDS) and BHP Group Ltd (ASX: BHP) shares have delivered some benchmark smashing gains over the past year.
On Monday afternoon, Woodside shares were trading for $31.96 apiece. This sees the Woodside share price up 36.5% in 12 months, compared to the 1.9% one-year losses posted by the S&P/ASX 200 Index (ASX: XJO).
Atop those capital gains, Woodside also paid $1.631 a share in fully franked dividends over the year. The ASX 200 oil and gas stock trades on a fully franked trailing dividend yield of 5.1%.
And BHP shares have performed even better.
On Monday, shares in Australia’s biggest miner â and the biggest stock on the ASX â were changing hands for $60.41 each, up 44.1% in 12 months.
BHP also paid two fully franked dividends over this time, totalling $2.419 per share. BHP stock trades on a fully franked trailing dividend yield of 4.0%.
And looking ahead, Fairmont Equities’ Michael Gable forecasts more outperformance to come from both ASX 200 titans (courtesy of The Bull).
Here’s why.
Should I buy BHP shares today?
“I believe commodities markets are in the early stages of a bull run, leaving BHP’s share price in a prime position to move higher,” Gable said.
Among the reasons Gable issued a buy recommendation for BHP shares is the miner’s fast-growing exposure to copper. The price of the red metal has surged over the last year amid strong demand growth spurred by the global energy transition and a huge new pipeline of AI enabled data centre construction.
Gable noted:
Copper now generates most of BHP’s earnings after it produced almost 2 million tonnes in full year 2026. The company should also benefit from constrained global supplies of copper. Iron ore is also a significant contributor to full year earnings.
The company posted an attributable profit of $US9.8 billion in full year 2026, up 9 per cent on the prior corresponding period. We view any share price dips as a buying opportunity.
Woodside shares tapping into energy crisis
Atop his bullish outlook on BHP shares, Gable also issued a buy recommendation on Woodside shares.
“We turned bullish on crude oil prior to the war in Iran due to a looming imbalance between supply and demand,” he said. “The war has interrupted supplies, which has led to higher prices.”
Summarising his buy advice, Gable concluded:
I believe crude oil prices are likely to move higher in the absence of a peaceful and sustained resolution in the Middle East. I acknowledge some investors doubt crude oil prices will move higher.
However, as the largest energy stock on the ASX, buying support should continue to grow for WDS.
The post Expert names Woodside and BHP shares as top buys today appeared first on The Motley Fool Australia.
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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.