5 Biggest ASX Oil and Gas Stocks of 2026

2025-12-22 17:15:00 ET

Oil and gas are key energy fuels , and ASX-listed oil and gas stocks could benefit from their price moves.

For the most part, 2025 was a volatile year for both the oil and gas markets. In the first half of the year, oil prices posted moderate gains, spurred on by rising tensions in the Middle East amid tightening supply.

However, after prices peaked at US$67.10 per barrel heading into the second half of the year, supply-side challenges weighed oil down, with levels sinking to US$55.27 in mid-December. As global economic uncertainties continued to grow, oil prices are on track for their worst performance in seven years.

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