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.
Santos Managing Director & CEO, Kevin Gallagher addressed the APPEA Conference in Adelaide today.
Two of the most critical pieces of equipment, worth about AU$30 million, for Santos’ Moomba carbon capture and (CCS) project are making their way to site after arriving in South Australia last week. The imminent arrival in Moomba of the compressor and turbine follows the project recently marking the 60 per cent completion milestone, with…
Managing Director & CEO Kevin Gallagher’s presentation at the 2023 Macquarie Australia Conference held today.
Strong sales revenue and free cash flow Sales revenue of US$1.6 billion in the first quarter First quarter production of 22.2 mmboe was lower than the prior quarter primarily due to reduced domestic gas volumes in Western Australia supported by extended production from the Bayu-Undan field Free cash flow of around US$720 million in the…
Santos Chair Mr Keith Spence and Managing Director & Chief Executive Officer Mr Kevin Gallagher have addressed the 2023 Santos Annual General Meeting held today.
Santos has today released its Climate Change Report 2023.
2022 Full-year Results video
Santos reports record underlying earnings and higher shareholder returns Highlights Underlying profit[1] US$2,461 million, up 160% Reported net profit after tax US$2,112 million, up 221% EBITDAX[1] US$5,646 million, up 101% Free cash flow[1] US$3,641 million, up 142% Balance sheet strengthened with gearing reduced to 18.9 per cent Annual merger integration synergies US$122 million US$1,455 million…
Record sales revenue and free cash flow Delivered record year-to-date sales revenue of US$5.9 billion, up 86 per cent, and record free cash flow of US$2.7 billion, up 194 per cent on the corresponding period Third quarter production of 26.1 mmboe was slightly higher than the second quarter primarily due to increased domestic gas demand…
Santos reports record first half free cash flow and underlying earnings, and higher shareholder returns Highlights Underlying profit[1] US$1,267 million, up 300% Statutory net profit after tax US$1,167 million, up 230% EBITDAX[1] $2,731 million, up 122% Free cash flow[1] US$1,708 million, up 199% Annual merger integration synergies target increased to US$110-125 million US$605 million in…
Santos and its joint venture partner Beach Energy have committed to works in the Cooper Basin to boost gas supply to the domestic market. This program of works, which includes bringing a fifth drilling rig into the basin and optimising well connections, aims to deliver an additional 15 terajoules of gas per day by the…
Santos, Western Australia’s biggest domestic gas supplier, is pleased to announce it has entered into new gas supply agreements with Yara Pilbara Fertilisers Pty Ltd (Yara) to supply natural gas to Yara’s liquid ammonia plant on the Burrup Peninsula in Western Australia. Santos will supply over 120 petajoules of natural gas over five years, starting…
Santos Chair Mr Keith Spence and Managing Director & CEO Mr Kevin Gallagher have addressed the 2022 Santos Annual General Meeting held Tuesday, 3 May 2022.
Record quarterly production, sales revenue and free cash flow Santos achieved record production of 26 million barrels of oil equivalent (mmboe) in the first quarter Stronger commodity prices combined with higher sales volumes delivered record quarterly sales revenue of US$1.9 billion, up 25 per cent compared to the prior quarter and 99 per cent higher…
Attached is a presentation on Santos’ 2022 Climate Change Report which will be used at an investor briefing today commencing at 10:00am AEDT.
The presentation should be read in conjunction with Santos’ 2022 Climate Change Report released to the ASX on 30 March 2022.
Today’s briefing will be webcast live on Santos’ website at www.santos.com
Santos has today released its 2022 Climate Change Report which sets out our climate transition strategy and action plan to become a net-zero emissions[1] energy and fuels business by 2040. The Climate Change Report features the following milestones for Santos’ journey to becoming Net Zero: New 2030 targets of a 30 per cent reduction in…
Santos today announced the Pavo-1 exploration well has confirmed a significant oil discovery 46 kilometres east of the Dorado field in the Bedout Sub-basin, offshore Western Australia. The well was drilled on the northern culmination of the greater Pavo structure and encountered a 60-metre gross hydrocarbon column in the primary Caley member reservoir target. Wireline…
The Santos 2022 Climate Change Report Investor Briefing will be held on Thursday, 31st March 2022 at 10:00am AEDT
The live webcast can be accessed by clicking here.
2021 Full-year results video
Santos reports record free cash flow and underlying earnings, and higher final dividend Full-year (US$m)20212020Change Production (mmboe)92.189.03% Sales volume (mmboe)104.2107.1-3% Product sales revenue4,7133,38739% EBITDAX [1]2,8051,89848% Underlying profit [1]946287230% Net profit/ (loss) after tax658(357)284% Free cash flow [1]1,504740103% Final dividend (UScps)8.55.070% Santos today announced its full-year results for 2021, reporting record free cash flow of US$1.5…
Santos announces booking of CO2 storage capacity Santos today announced a booking of 100 million tonnes of CO2 storage resource in the Cooper Basin in South Australia. This represents a subset of the total prospective storage resource in the Cooper Basin and follows the final investment decision on the 1.7 million tonne per annum Moomba…
Record annual production, record sales revenue and record free cash flow Strong base business performance delivered record annual production of 92.1 million barrels of oil equivalent (mmboe), inclusive of 1.7 mmboe from the Oil Search assets from 11 December 2021 Stronger commodity prices and higher sales volumes delivered record quarterly sales revenue of US$1.5 billion,…
Santos is partnering with Australia’s national science agency, CSIRO, to develop what is hoped could become the lowest cost direct air capture technology in the world. The collaboration will continue to develop CSIRO Carbon Assist™ technology which removes CO2 directly from the atmosphere and higher-concentration post-combustion scenarios. The CO2 can then be safely and permanently…
Santos and joint venture partner Beach Energy today announced a final investment decision to proceed with the US$165 million (A$220 million) Moomba carbon capture and storage (CCS) project in South Australia, with startup expected in 2024. Santos has successfully registered the Moomba CCS project with the Clean Energy Regulator. The Clean Energy Regulator’s CCS method…
Record sales revenue and record free cash flow Strong base business performance and improved commodity prices delivered record quarterly sales revenue of US$1.14 billion, up 6%, and record quarterly free cash flow of US$359 million, up 33% Gross Bayu-Undan production was higher in the quarter due to the successful start-up of the first well in…
Santos welcomes the Federal Government’s release of the carbon capture and storage (CCS) method for the Emissions Reduction Fund and will today commence the process to apply to register our Moomba CCS Project with the Clean Energy Regulator and generate Australian Carbon Credit Units (ACCUs). Santos’ A$210 million Moomba CCS Project will be one of…
Santos Managing Director and Chief Executive Officer, Kevin Gallagher addressed the Energy Club WA’s Networking Dinner on Tuesday, 7 September 2021.
60 / 941
Load more