The S&P/ASX 200 Index (ASX: XJO) is bouncing back after yesterday’s disastrous 2% tumble, and energy shares are in the lead.
The S&P/ASX 200 Energy Index (ASX: XEJ) is up 1.85% right now, beating the broader marketâs 0.47% gain.
And three ASX 200 energy shares are making the most of the sectorâs day in the green, leaping to their highest prices in years.
3 ASX 200 energy shares rocketing to long-forgotten heights
Woodside Energy Group Ltd (ASX: WDS)
ASX 200 energy giant Woodside saw its shares surge to a high of $36.68 earlier today â the highest it’s traded in more than three years.
The company also posted its earnings for the first half of 2022 this morning, in which it declared a whopper dividend. It’s US$1.09 interim dividend is more than three times what it offered investors this time last year.
The company also reported a 417% increase in after-tax profits, coming in at US$4.16 billion.
Whitehaven Coal Ltd (ASX: WHC)
Speaking of earnings, itâs still less than a week since Whitehaven Coal dropped its results for financial year 2022. The ASX 200 energy share leapt to $8.17 earlier today, marking a new all-time high.
Like its ASX 200 peer, the coal producer posted a huge jump in profits in its latest earnings, bringing in $1.9 billion after-tax in financial year 2022.
Itâs trading in the green today despite coal futures slipping 1% to US$422.75 a tonne overnight. Though, thatâs not far from the commodityâs record high.
New Hope Corporation Ltd (ASX: NHC)
The final ASX 200 energy share posting a multi-year high on Tuesday is coal giant New Hope Corporation Limited (ASX: NHC). It surged to trade at $5.18 earlier today â the highest itâs been since 2012.
The last time the market heard from the company was on last Monday when it dropped its latest quarterly earnings, detailing a 29% boost in production.
The post 3 ASX 200 energy shares smashing multi-year highs on Tuesday appeared first on The Motley Fool Australia.
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More reading
- Woodside dividend tripled: Here’s everything you need to know
- What’s the outlook for the oil price in September?
- Woodside share price lifts on 400% profit surge
- Here are the top 10 ASX 200 shares today
- Woodside share price slumps ahead of tomorrowâs earnings update
Motley Fool contributor Brooke Cooper 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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