If you're looking to bank passive income from the mining space, two big names on the ASX often get a close look: Woodside Energy Group Ltd and Fortescue Ltd.
Woodside Energy is Australia's largest independent oil and gas company, and the largest operator of oil and gas production in the country. With roots going back to 1954, Woodside's business stretches across offshore platforms and international assets, strengthened by its recent high-profile merger with BHP's oil and gas portfolio. Listed since 1971, it now sits among the largest companies on the ASX.
Fortescue is one of the giants in iron ore production, sitting just behind BHP, Rio Tinto, and Vale globally. Since debuting on the ASX in 1987, it's grown into a $50.93 billion titan, underpinning a large chunk of global iron ore supply.
The takeaway here: Fortescue offers the higher dividend yield for those hunting passive income, and sports a cheaper earnings multiple.
All prices quoted are as of 16 September 2026. Woodside closed at $33.27, having climbed 2.84% that day, capping off a strong few weeks—with dips and overall upward price momentum. Year to date, Woodside shares are up a 44.04%.
Fortescue, meanwhile, finished at $16.54, but the bigger story is in the negatives: its year to date return is -21.40%.