Beach Energy Limited (BCHEY)
Beach Energy Limited operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Adelaide, SA, AU. The stock last traded at $10.80, down 20.59% on the session, giving a market capitalisation of $1.23B. On trailing twelve-month figures it carries a trailing P/E of 7.00, a net margin of 14.6%. Its beta of -0.01 implies it has historically moved less than the broad market.
Beach Energy Limited functions primarily as an oil and gas enterprise, specializing in exploration and production. Its operations include both company-managed and joint-venture projects, conducted across onshore and offshore sites, yielding oil and gas from five active basins located throughout Australia and New Zealand. The company's involvement extends across the entire hydrocarbon lifecycle, encompassing exploration, development, production, and transportation, alongside the commercial sale of both gaseous and liquid hydrocarbons. As reported on June 30, 2022, Beach Energy boasted a production capacity of 21.8 million barrels of oil equivalent (boe), with its established and probable reserves totaling 283 million boe. Founded in 1961 and based in Adelaide, Australia, the company was originally known as Beach Petroleum Limited, changing to its current name, Beach Energy Limited, in December 2009.
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