Santos’ Moomba Carbon Capture and Storage (CCS) project has achieved a significant milestone in Australia’s decarbonisation efforts, recording two million tonnes of CO2e safely and permanently stored in just over 18 months of operation. Moomba CCS is located in South Australia’s Cooper Basin and is Australia’s largest onshore carbon capture and storage project. This latest…
Disciplined financial performance Increased production of 22.5 mmboe, up 1 per cent on the prior quarter and 3 per cent on the corresponding period in 2025, as Barossa achieved its first cargoes. Sales revenue of approximately $1.27 billion for the first quarter, up 3 per cent on the prior quarter. Free cash flow from operations…
Santos is taking proactive steps to support Australia’s fuel security and assist domestic refiners during this period of heightened global uncertainty. The closure of the Strait of Hormuz in the Middle East means over 20 per cent of global seaborne oil trade and over 20 per cent of global Liquefied Natural Gas (LNG) trade is now…
A first-of-its-kind program that will see Cooper Basin Traditional Owners manage their Country has reached a significant milestone, with the first wave of recruits now fully trained and on the ground. Santos and Beach Energy are investing up to A$12 million in a program over five years that will see more than 15 indigenous rangers…
Santos and its joint venture partner Beach Energy have taken a final investment decision (FID) to proceed with the MCO project in the Cooper Basin, South Australia. Santos’ will invest $357 million (net Santos) in the project which is planned to be delivered over three years. Santos has fully budgeted this capex and will remain…
Santos has executed a binding term sheet with the South Australian Government for the long-term supply of gas to support the transformation of the Whyalla Steelworks into a low-emissions green iron facility, subject to certain conditions. Key features of the transaction are: 10-year term for 20PJ of gas per year Delivered ex-Moomba Indexed pricing with…
Santos reports strong base business performance and dividend growth Santos today announced its full-year results for 2025 demonstrating the continued strength of its disciplined low-cost operating model, reporting annual production of 87.7 mmboe, sales volumes of 93.5 mmboe, underlying net profit after tax of $898 million and strong free cash flow generation of $1.8 billion.…
Santos Limited today announces that Ms Yasmin Allen AM will retire as a Non-Executive Director of Santos, effective 21 February 2026. Ms Allen has served as a Non-Executive Director of Santos since her appointment in October 2014. She has provided expertise and guidance to the Board during a period of transformation for the company including…
Santos today released its Annual Reserves Statement reporting proved plus probable (2P) reserves of 1,484 million barrels of oil equivalent (mmboe) at the end of 2025. This represents an increase of 13 mmboe before production compared with 2024, driven primarily by additions in the Cooper Basin and PNG assets. Key highlights: Santos’ 2P reserves life…
Outstanding base business performance Free cash flow from operations of ~$380 million for the fourth quarter, up 30 per cent on the prior quarter, ~$1.8 billion for the full year. Free cash flow from operations breakeven price of less than $30/bbl for the full year. Production of 22.3 mmboe for the fourth quarter, up five…
Santos’ Moomba Carbon Capture and Storage (CCS) project has achieved a major milestone for emissions reduction technology in Australia after receiving the single largest issuance of Australian Carbon Credit Units (ACCUs) from the Clean Energy Regulator (CER). The CER confirmed the issuance of 614,133 ACCUs to Santos under the approved CCS method, covering the Moomba…
Strong financial and operational performance Free cash flow from operations of ~$300 million, delivering year-to-date free cash flow from operations of ~$1.4 billion. Production of 21.3 mmboe, bringing total year-to-date production to 65.4 mmboe. Sales volumes of 21.5 mmboe, with year-to-date sales one per cent higher than the prior year. Sales revenue of $1.1 billion,…
Santos Managing Director and Chief Executive Officer, Kevin Gallagher, addressed The Australian’s Energy Nation Forum in Sydney, New South Wales on Wednesday 24 September 2025.
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…
Santos today announced strong half-year results for 2025, comparable with the prior year. Free cash flow from operations remained strong at US$1.1 billion. Sales revenue was US$2.6 billion, EBITDAX was US$1.8 billion and underlying profit was US$508 million. Production volumes were 44.1 mmboe, also comparable with the prior year, and sales volumes were 47.2 mmboe.…
Strong free cash flow from operations Free cash flow from operations for the first half ~$1.1 billion, $620 million for the second quarter. Increased production of 22.2 mmboe, up one per cent compared with the prior quarter. Sales volumes of 23.9 mmboe, up three per cent compared with the prior quarter. Unit production cost guidance…
Santos today announced the signing of a mid-term LNG supply contract with QatarEnergy Trading LLC (QET). The contract is to supply approximately 0.5 million tonnes of LNG per annum over a period of two years from 2026 with LNG being supplied from Santos’ portfolio of world-class LNG assets on a delivered ex-ship basis. Santos Managing…
Santos’ pioneering Moomba Carbon Capture and Storage (CCS) project has been recognised for its industry leading innovation and leadership in decarbonisation at the Energy Council’s annual APAC Awards in Singapore. Moomba CCS, a joint venture between Santos and Beach Energy, took home the Energy Technology Company of the Year award, which recognises ground breaking innovation…
Managing Director & CEO Kevin Gallagher’s presentation at the 2025 Macquarie Australia Conference held today.
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…
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…
Santos will contribute $500,000 and mobilise people and equipment to support the flood relief effort in the Cooper Basin as southwest Queensland and northeast South Australian communities deal with a major flood event. The flood has already caused widespread damage across far western Queensland, with residents in South Australia now bracing for the floodwaters as…
Santos reports strong financial results Santos today announced its full-year results for 2024, reporting annual production of 87.1 mmboe and sales volumes of 91.7 mmboe. Free cash flow from operations was US$1,891 million and underlying profit was US$1,201 million. Santos delivered its best personal safety performance in 10-years. The Board resolved today to pay a…
Santos’ Moomba Carbon Capture and Storage project (Moomba CCS) in South Australia’s Cooper Basin started up in October 2024 and at year end had already stored 340,000 tonnes of CO2-equivalent (CO2e). At full injection rates Moomba CCS avoids more CO2 in four days than 10,000 electric vehicles save in one year[1]. And in just one…
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…
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.
30 / 960
Load more