Ramelius Resources Ltd (ASX: RMS), Liontown Resources Ltd (ASX: LTR), and Woodside Energy Group Ltd (ASX: WDS) shares are catching heightened investor interest on Wednesday.
Two of the large-cap stocks are outperforming the 0.2% losses posted by the S&P/ASX 200 Index (ASX: XJO) in early afternoon trade, while one is trailing those losses.
Here's what's happening.
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Woodside shares gain on revenue boost
Woodside shares are marching higher today, up 2% at $33.04 apiece.
Woodside is grabbing financial headlines following the release of the company's March quarter update (Q1 2026).
Investors are bidding up the ASX 200 energy stock, with Woodside reporting a 7% quarter-on-quarter increase in operating revenue to US$3.26 billion.
The revenue boost came despite an 8% quarterly decline in production to 45.2 million barrels of oil equivalent (MMboe). Production was impacted by tropical cyclones in Western Australia. But the production slide was countered by an 11% quarter-on-quarter increase in the average realised price, which climbed to US$63/boe.
Woodside shares should also get longer-term support from its growth projects. Woodside CEO Liz Westcott noted, "We continued disciplined delivery of major cash-generative growth projects."
At the end of the quarter, Woodside's Scarborough Energy Project was 96% complete, while the Trion oil project was 56% complete.
Woodside reported liquidity of around US$8.3 billion at 31 March.
Ramelius Resources shares slip on update
Unlike Woodside shares today, the Ramelius share price is down 0.3% at $3.66 after the ASX 200 gold stock released its own quarterly update.
That dip is likely more closely aligned with a modest retrace in the gold price overnight than the miner's performance.
Over the quarter, Ramelius produced 38,093 ounces of gold. The miner reported an all-in sustaining cost (AISC) of $2,211 per ounce to produce the yellow metal.
Over the first nine months of the financial year, Ramelius has produced 138,716 ounces of gold at an AISC of $1,987 per ounce.
Management reaffirmed the company's full-year FY 2026 production guidance of 185,000 ounces to 205,000 ounces, adding that Ramelius is on track to achieve the midpoint of this range.
Which brings us to…
Liontown shares lift on lithium operation expansion progress
Joining Ramelius and Woodside in making waves today is Liontown.
Shares in the ASX 200 lithium stock are up 1.5% at the time of writing, trading for $2.41 each.
This outperformance follows a promising update on the company's planned expansion of its Kathleen Valley Lithium Operation, located in Western Australia.
Liontown said it has committed $12 million to long-lead items with up to $77 million likely to be spent before the final investment decision (FID) in the first quarter of FY 2027.
Liontown CEO Tony Ottaviano said:
Expansion at Kathleen Valley is currently the most value-accretive growth available to Liontown, and these commitments lay the foundation for that growth and demonstrate our confidence in the market and the operation.
