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Moomba CCS: Delivering real emissions reduction Find out how

2025 First Quarter Report

Operational excellence supporting strong financial results Strong free cash flow from operations of ~US$465 million, up 9 per cent on the prior quarter, from sales revenue of US$1.3 billion. Increased production of 21.9 mmboe, up two per cent on the prior quarter driven by higher production from Western Australia. Sales volumes of 23.3 mmboe, down…

2025 Annual General Meeting

Today Santos held its 2025 Annual General Meeting. Santos announced that the 120-mile pipeline for our Pikka project is now substantially complete – one year early – with minor tie-in and punch-list works remaining. This creates the possibility for early startup of the project, depending on weather and logistics which will become clearer over the…

2024 Half-year results

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…

2024 Second Quarter Report

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…

2024 First Quarter Report

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…

2024 Annual General Meeting

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

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…

2023 Annual Reserves and Resources Statement

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,…

2023 Fourth Quarter Report

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 to collaborate with Japan’s Toho Gas on producing carbon-neutral e-methane in the Cooper Basin

Santos has signed an agreement with Toho Gas, one of the largest gas utility companies in central Japan, to investigate the potential for producing carbon-neutral e-methane in South Australia’s Cooper Basin. The Santos-Toho Gas collaboration supports Santos Energy Solutions low-carbon fuels ambitions and could lead to the export of carbon-neutral e-methane, made by combining green…

Santos, JX and ENEOS to collaborate on carbon capture and storage to support Moomba CCS Phase 2 and help Japan decarbonise

Following the passage of legislation through the Australian parliament to facilitate the cross-border transfer of CO2, Santos is pleased to announce a new agreement with two major Japanese energy companies to collaborate on CCS. Santos’ plans to expand the Moomba carbon capture and storage (CCS) project and transform the Cooper Basin into a decarbonisation and…

Santos partners with Lake Eyre Basin Traditional Owners to care for country

Santos and its Cooper Basin joint venture partners will invest up to A$12 million over five years in partnership with Traditional Owners on a ranger program that will help them better care for their Country, create employment pathways and protect the environment. A part of the new deal, the Cooper Basin joint ventures (JV) will…

Skin check program saving lives in Queensland gas fields

A vital skin check program rolled out to Santos workers and contractors in eastern Queensland has been credited with saving lives, including a Roma construction manager who was detected with potentially deadly melanomas during a routine check. Speaking during National Skin Cancer Action Week, Santos contractor Frank Radandt said without the Skin Patrol program implemented…

Santos and APA sign MoU to collaborate on transforming Moomba into an international decarbonisation hub

Santos will work with leading energy infrastructure business APA Group through a Memorandum of Understanding (MOU) to collaborate on the potential development of CO2 infrastructure throughout eastern Australia. The scope of the MOU is to assess potential decarbonisation opportunities by working jointly to link heavy CO2 emitters and/or CO2 import locations to the Santos-operated carbon…

Santos establishes strategic collaboration on CCS with ADNOC

Santos has strengthened its position as a regional carbon capture and storage (CCS) leader by entering into a strategic collaboration agreement with ADNOC, a progressive energy company based in Abu Dhabi. The agreement will explore the potential for establishing a platform offering decarbonisation services to a broad range of energy users and includes potential: Collaboration…

2023 Investor Day

Santos today reaffirmed its strategy to deliver long-term shareholder value, provide reliable, affordable energy for customers and achieve net-zero emissions (scope 1 and 2, equity share) by 2040. Speaking at the company’s Investor Day in Sydney, Managing Director and Chief Executive Officer Kevin Gallagher said Santos’s purpose and strategy reflects the critical role of reliable,…

Santos and Tokyo Gas to collaborate on carbon-neutral e-methane in Australia

Santos continues to build momentum to deliver new energy solutions by partnering with Japan’s largest gas utility company, Tokyo Gas, to investigate the potential for producing carbon-neutral e-methane in Australia. E-methane is made by combining green hydrogen and CO2 obtained from carbon capture of industrial emissions or Direct Air Capture (DAC) technology. The advantage of…

Santos expands carbon capture and storage acreage in Cooper Basin

Santos and joint venture partner Beach Energy have secured significant additional carbon storage acreage after being awarded a Gas Storage Retention Licence west southwest of Moomba. The Licence was awarded under the South Australian Petroleum and Geothermal Energy Act by the SA Department for Energy and Mining. Under the Licence, the joint venture is authorised…

CEO flexible working arrangement to year end

The Santos Board of Directors has approved a flexible working arrangement for Santos Managing Director and CEO, Kevin Gallagher, to enable him to support a family member’s medical treatment through to the end of the year. Mr Gallagher will continue in the role of Managing Director and CEO, leading the Santos executive leadership team in…

Santos prices US$850 million 10-year US 144A/RegS bond

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…

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