Business
Here’s why the Origin Energy (ASX:ORG) share price is climbing today
The Origin Energy Ltd (ASX: ORG) share price is lifting today after the Aussie energy group’s latest quarterly report.
What’s driving the Origin Energy share price?
In Origin’s integrated gas segment, the company reported record quarterly production by Australia Pacific LNG for the period ended 31 December 2020 (Q4 2020). Australia Pacific LNG production climbed 6% from the September quarter due to heightened market demand and completion of planned maintenance.
Commodity revenue jumped 6% during the quarter with higher volumes offsetting lower realised contracted LNG prices. Sales volumes increased 12% with Origin drawing down on LNG inventory.
The Origin Energy share price has been under pressure in the last year, falling…
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