The community of Narrabri is poised for a boom in visitor numbers and economic activity as the Santos Festival of Rugby arrives in the regional centre this weekend. Santos is proud to stage its fifth Festival of Rugby which has become a fixture on the national and regional Rugby calendars. The centrepiece of the Festival…
Santos Limited (ASX: STO) (Santos) refers to the non-binding, indicative proposal (Indicative Proposal) announced on 16 June 2025 from a consortium led by XRG P.J.S.C., a subsidiary of Abu Dhabi National Oil Company and including Abu Dhabi Development Holding Company and Carlyle (the XRG Consortium), to acquire 100% of the issued shares of Santos via…
The Tiwi Island Rangers program, administered by Tiwi Resources and dedicated to land management and ecological research, is set to expand its operations and take on more staff through a multi-million-dollar commitment from the Barossa Aboriginal Future Fund (BAFF). The Barossa Aboriginal Future Fund has been established by the Barossa joint venture partners Santos, SK…
Santos today announces it has executed documentation to refinance its 2025 maturing syndicated bank loan facility. The facility, previously for US$250 million, has been increased to US$850 million. The facility represents a fully-revolving loan maturing in January 2030, refinancing the previous facility that had a maturity date of August 2025. The loan bears a floating…
Santos today announces the retirement of Ms Anthea McKinnell as Chief Financial Officer and the appointment of Ms Sherry Duhe to the role. Santos Managing Director and Chief Executive Officer Kevin Gallagher paid tribute to Ms McKinnell, saying “Anthea joined Santos more than five years ago and has steered the finance function through a period…
Santos today announced the signing of a mid-term LNG supply contract with Glencore Singapore Pte Ltd (Glencore). The contract is to supply 19 LNG cargoes, or up to approximately 0.5 million tonnes of LNG per annum over a period of 3 years plus one quarter. The contract will commence in Q4 2025 with LNG being supplied…
Strong cash flow from operations, record half-year dividend, strong project delivery Summary Strong free cash flow from operations[1] US$1.1 billion (down 5%) Record interim dividend of US$422 million (49% increase). US13 cents per share unfranked Stable production of 44 million barrels of oil equivalent (down 2%) Robust sales revenue of US$2.7 billion (down 9%) Strong…
Strong free cash flow generation and significant progress on major projects Strong realised prices support robust free cash flow Free cash flow from operations for the half-year expected to be ~US$1.06 billion, US$380 million for the second quarter. Sales revenue of US$1.3 billion in the second quarter, consistent with the comparative prior year period. Production…
Santos notes the Federal Court’s decision today in proceedings by the Australian Energy Regulator related to Santos’ historical record keeping practices. The court found: The contraventions were inadvertent and not deliberate. The parties agree that there was no actual loss or damage caused as a result of the admitted contraventions. The parties agree that Santos…
Managing Director & CEO Kevin Gallagher’s presentation at the 2024 Macquarie Australia Conference held today.
Strong first quarter free cash flow generation and major project delivery Focus on operational excellence generates strong free cash flow Strong free cash flow from operations of US$692 million. Sales revenue of US$1.4 billion. Production of 21.8 mmboe despite severe weather events and planned maintenance activities. Bayu-Undan continuing to produce with gas being delivered into…
Santos Chair Mr Keith Spence and Managing Director & Chief Executive Officer Mr Kevin Gallagher have addressed the 2024 Santos Annual General Meeting held today.
2023 Full-year Results Video
Santos announces record cash dividend Summary Sales revenue of US$5.889 billion EBITDAX[1] of US$4.083 billion Underlying profit[1] of US$1.423 billion Final dividend of US17.5 cents per share unfranked (US$569 million) bringing total dividends declared for the year to US26.2 cents per share – a record cash return of US$852 million. Santos today announced its full-year…
Santos has today released its Sustainability and Climate Report 2023.
Santos today released its Annual Reserves and Resource Statement. Proved plus probable (2P) reserves are 1,661 million barrels of oil equivalent (mmboe) at the end of 2023 an increase of 8 mmboe before production. Key highlights: 2P reserves increased by 8 mmboe before production of 92 mmboe. 2P reserves replacement ratio (RRR) was 9 per cent,…
Santos refers to its 29 December 2023 announcement for the sale of 2.6 per cent of PNG LNG to Kumul Petroleum Holdings Limited (Kumul). Santos and Kumul have agreed an amendment to the Sale Agreement where Kumul has taken an effective interest in the Santos entity that holds the 2.6 per cent sale interest. Kumul…
Robust sales revenue, production and free cash flow Sales revenue of US$1.5 billion in the fourth quarter. Fourth quarter production of 23.4 mmboe was slightly higher than the prior quarter primarily due to increased sales gas production. FY production of 92.2 mmboe pre-PSC (91.7 mmboe post-PSC) is at the top end of full year guidance.…
Santos’ Executive Vice President – Eastern Australia and Papua New Guinea, Brett Darley, spoke at the Papua New Guinea Resources and Energy Investment Conference & Exhibition 2023 in Sydney today.
Santos notes the Federal Court of Australia has today granted an interim injunction to prevent Santos from commencing to lay the Barossa Gas Export Pipeline (GEP) until 13 November 2023. This decision is in connection with an application by Mr Simon Munkara seeking an order that Santos revise and resubmit the Environment Plan (EP) that…
Santos respects the cultural heritage of the Tiwi people and while we understand and respect there are a range of views about the Barossa gas project, we will vigorously defend Federal Court proceedings commenced by the Environmental Defenders Office on behalf of Mr Simon Munkara. The Environment Plan (EP) for the gas export pipeline installation…
Presentation to stakeholders in Alaska.
Santos today announced it has conducted a debt offering and successfully priced a US$850 million senior unsecured fixed rate bond transaction in the US dollar 144A/RegS market. The bonds will be issued by Santos Finance Limited, a wholly owned subsidiary of Santos Limited and guaranteed by Santos Limited. The proceeds are intended to be used…
Santos reports robust first half free cash flow and earnings 1H 2023 Highlights Production of 45 million barrels of oil equivalent down 13% EBITDAX[1] $2,112 million down 23% Free cash flow from operations[1] US$1,129 million down 34% Underlying profit[1] US$801 million down 37% Statutory net profit after tax US$790 million down 32% Interim dividend of…
Robust sales revenue, production and free cash flow Sales revenue of US$1.3 billion in the second quarter Second quarter production of 22.8 mmboe was higher than the prior quarter primarily due to increased domestic gas volumes in Western Australia Successful start-up of Spartan project offshore Western Australia, supplying gas to the domestic market Bayu-Undan continuing…
Santos has released its 2022 Modern Slavery Statement.
Human Rights Allegations Some of our investors and financiers have recently received a letter from Equity Generation Lawyers on behalf of up to nine individuals (Claimants) alleging breaches of the human rights of Tiwi Island, Larrakia and Gomeroi people arising from Santos’ Barossa Gas Project, Darwin LNG Life Extension Project and Narrabri Gas Project. Santos…
Santos is pleased to announce the appointment of Alan Stuart-Grant to the Executive committee of Santos. Mr Stuart-Grant will join Santos on 1 August 2023 as Executive Vice President Santos Energy Solutions. This comes as part of an updated organisational structure that will provide a stronger regional focus. Following the implementation of Santos backfill and…
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