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…
-
General17 hours agoFour escape injury after jumping from three-storey unit on fire in Newcastle
-
Noosa News16 hours agoGippsland vegetable farm accused of underpaying migrant workers
-
Noosa News17 hours agoThe Best Things to Do in Brisbane This New Year’s Eve
-
Noosa News21 hours agoMary River cod thriving in Brisbane River catchment, century after relative went extinct