When people talk about blue-chip investing, they’re usually referring to businesses that can be held through thick and thin. Companies with scale, resilient earnings, and business models that don’t need perfect conditions to survive.
If I were narrowing that idea down to just a few names on the ASX, these three would be right near the top of my list. Not because they’re guaranteed winners, but because they combine durability, cash flow generation, and relevance in everyday life.
Here’s why I think they deserve serious consideration.
Telstra Group Ltd (ASX: TLS)
Telstra Group is about as close as you get to essential infrastructure on the ASX.
Mobile and data usage continue to rise, and Telstra remains the dominant player in Australia’s telecommunications market. Its network scale, spectrum holdings, and customer base give it a structural advantage that’s very difficult to replicate.
What makes Telstra particularly appealing as a blue chip is the balance it offers. There’s modest growth from mobile and enterprise services, alongside reliable cash flow that supports ongoing dividends. It’s not a stock that relies on economic booms to perform. People don’t cancel phone plans just because conditions get tougher.
For investors who value stability and income, Telstra fits the blue-chip brief very well.
Woolworths Group Ltd (ASX: WOW)
Woolworths Group is another business that sits at the centre of daily life.
Supermarkets are inherently defensive. People may trade down, but they still need to buy groceries. Woolworths’ scale gives it strong buying power, an extensive supply chain, and the ability to invest in efficiency over time.
The company recently went through an unusually difficult period, with margin pressure and execution challenges weighing on earnings. But those issues don’t undermine the long-term investment case. In fact, they’ve reminded the market that even the best businesses can have off years.
What I like about Woolworths as a blue chip is its ability to recover. When operations normalise, earnings and dividends tend to follow. That makes it a stock I’m comfortable holding for many years, rather than worrying about quarter-to-quarter noise.
Wesfarmers Ltd (ASX: WES)
Wesfarmers rounds out the trio. Rather than focusing on one industry, Wesfarmers owns a collection of high-quality businesses, led by Bunnings and Kmart. Those cash-generating operations give management flexibility to invest, divest, or return capital to shareholders as opportunities arise.
What sets Wesfarmers apart for me is capital allocation. Management has a history of making hard decisions, exiting underperforming assets, and redeploying capital where returns look most attractive. Over time, that discipline compounds quietly.
It may not deliver explosive growth, but it has a long track record of creating shareholder value across cycles. That’s what I want from a blue-chip holding.
Foolish Takeaway
There’s no single answer to what the best blue-chip ASX shares are. But if I had to point to companies that combine resilience, relevance, and long-term staying power, Telstra, Woolworths, and Wesfarmers would be right up there.
They’re not exciting. They won’t always outperform in bull markets. But for investors who value durability and the ability to sleep at night, these are the kinds of businesses I’m happy to own.
The post Are these the best blue-chip ASX shares money can buy? appeared first on The Motley Fool Australia.
Should you invest $1,000 in Telstra Corporation Limited right now?
Before you buy Telstra Corporation Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Telstra Corporation Limited wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
* Returns as of 1 Jan 2026
.custom-cta-button p {
margin-bottom: 0 !important;
}
More reading
- How I would aim to build a $500,000 ASX retirement portfolio
- 3 reasons to buy Telstra shares today
- 2 ASX blue-chip shares offering big dividend yields
- 3 ASX 200 shares to buy: experts
- Are Woolworths shares a good buy today amid rising interest rates?
Motley Fool contributor Grace Alvino has positions in Wesfarmers. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Wesfarmers. The Motley Fool Australia has positions in and has recommended Telstra Group and Woolworths Group. The Motley Fool Australia has recommended Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.