Article

INPEX has withdrawn its offshore environmental plan for the Bonaparte Carbon Capture and Storage project in Australia due to delays in the approval process, leading to increased stock volatility. The company's recent share buyback program aimed to stabilize its stock, which closed at 3,213.00 JPY, but ongoing uncertainty regarding CCS projects and rising bond yields in Japan continue to exert pressure. Future stock performance is expected to hinge on developments in the Australian environmental approval process.