Shares of Woodside Energy Group (ASX:WDS) took a hit reaching an all-time low of 1.35% to A$38.23, a record not seen since August 11.

The independent oil and gas producer relayed that progress was being made in ongoing discussions with unions.

This led to preliminary agreement on salient work-related issues.

Despite the progress, Woodside and the unions are yet to be on the same page in respect of pay and terms.

The Offshore Alliance, an amalgamation of unions, reports that discrepancies remain.

The unions argue that with regard to key bargaining points, including job stability and compensation, Woodside is notably lagging behind.

Despite grappling with these union issues, the company’s shares have seen an upswing of 9.03% for the year as of the last close.

Woodside Energy Group (ASX:WDS) is an independent oil and gas producer.