Origin Energy (ORG)

Shares / Stock Code

ORG

Stock Exchange / Sharemarket

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Origin Energy Limited (ORG) is an Australian-based company focusing on the oil and gas exploration and production, electricity generation, wholesaling and retailing of gas and electricity and investment in utility infrastructure management. ORG was listed on the Australian Stock Exchange on the 13th of July 1961. Its average annual revenue reaches approximately $6 billion out of its issued capital of $400 million. Its headquarters is located in Sydney, Australia and to date; around 4,018 people are employed in the company. Origin Energy Limited operates mainly in five business segments: exploration and production, generation, retail, Contact energy and Network Management.

The exploration and production segment of ORG is based in New Zealand and Australia. This segment is engaged in the production and exploration in Western Australia’s Perth Basin, Bass and Otway Basins Offshore, the coal seam gas areas in Queensland as well as New Zealand’s Taranaki Basin.

Origin Energy Limited (ORG) is engaged in the ownership and operation of gas-fired merchant plants under the generation segment. This segment sells the generated electricity to the National Electricity Market. The capacity of electricity coming from various retail plants is the contracted to the retail business of Origin.

Origin Energy is engaged in the supply of natural gas to customers in South Australia, Victoria, New South Wales, Queensland and the Northern Territory through its retail segment. This segment is also in charge of the direct supply of LP Gas to business and residential customers in Australia, the Pacific and New Zealand through its distributors.

Origin's Contact Energy segment is engaged in the supply of electricity and natural gas and other energy related services and products in New Zealand while in the Network Segment, ORG embarks on the design, planning, operation, construction and maintenance of the company’s gas networks. Aside from these services, this segment also promotes project management, network utilisation, business analysis, financial management and regulatory liaison.

Origin Energy Limited (ORG) Company History

Origin Energy Limited (ORG) was formerly known as Bitumen and Oil Refineries. It changed its name to Boral and it owned its first Australian refinery at the end of 1940s. In 1950s, they started to expand and the company reached out into production and handling of LP Gas. Acquiring the supply of gas, that included 28 gas companies all over the eastern countries and states of the Australia, Boral expanded its regional range of its energy businesses in the 1960s and began supplying LP Gas to different locations around Pacific Islands and Papua New Guinea.

Acquiring the Victorian natural gas seller, Energy 21, and investment in coal seam gas production, exploration and interests assets in Otway Basin, the company started to have a presence throughout the energy industry in the late 90s. After that year, there was a break-up between the energy business and the construction and building material business in 2000. The new energy company was already known as the Origin Energy. The year after the de-merging, an electricity retail company and Gasmart were acquired by the company called the Powercor.

In 2006, Australasia's largest best energy group was found with the partnership of Origin and Contact but their individual stock exchange and individual identities are maintained. Subsequently, Origin Energy discovering a new gas in Surat Basin, Queensland won SAFSA funding about 2006 and within the same year, they broke the merger agreement.