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$210 million Moomba CCS Project will be one of…
Santos Managing Director and Chief Executive Officer, Kevin Gallagher addressed the Energy Club WA’s Networking Dinner on Tuesday, 7 September 2021.
2021 Half-year results video
Santos reports record half-year production and sales volumes, strong free cash flow and underlying earnings, and higher interim dividend Half-year (US$million)20212020Change Production (mmboe)47.338.523% Sales volume (mmboe)53.846.915% Product sales revenue2,0401,66822% EBITDAX[1]1,23199524% Underlying profit[1]31721250% Net profit/(loss) after tax354(289)222% Free cash flow[1]57243133% Interim dividend (UScps)5.52.1162% Santos today announced its half-year results for 2021, reporting record production of 47.3…
Following a transparent, independent and competitive process, Santos and its project partner Beach Energy, has been awarded a A$15 million grant from the Australian Government’s Carbon Capture Use and Storage Development Fund. The grant is recognition of the national and international significance of the ~A$210 million Moomba carbon capture and storage (CCS) project in outback…
Santos today announced that it has priced a US$1.0 billion 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 bonds have been priced at a fixed coupon of 3.649 per…
Strong base business generated US$302 million free cash flow in first quarter First quarter production of 24.8 mmboe was 39 per cent above the corresponding quarter in 2020 primarily due to the ConocoPhillips acquisition which completed in May 2020 Production was 2 per cent lower than the December quarter primarily due to lower domestic gas…
Santos Chairman Mr Keith Spence and Managing Director & CEO Mr Kevin Gallagher addresses to the 2021 Santos Annual General Meeting held today.
Following consultation with shareholders, Santos today announced it intends to provide shareholders with a non-binding advisory vote on the company’s Climate Change Report at the 2022 Annual General Meeting. Santos Managing Director and Chief Executive Officer Kevin Gallagher said Santos is a corporate leader in climate action, setting an ambitious and credible roadmap to net-zero…
Santos has been advised by ENN Group (ENN) that it has sold approximately 107.1 million shares representing a 5.14 per cent interest in Santos at $7.33 per share. The sale process was oversubscribed and received strong support from existing and new institutional shareholders. ENN has advised Santos that it remains fully supportive of Santos’ strategy…
2020 Full-year results video
Santos reports record annual production and sales volumes, and strong free cash flow and underlying earnings despite impact of COVID-19 and lower commodity prices Full-year (US$m)20202019Change Product sales revenue3,3874,033-16% EBITDAX [1]1,8982,457-23% Underlying profit [1]287719-60% Net (loss)/profit after tax(357)674-153% Free cash flow [1]7401,138-35% Final dividend (UScps)5.05.0- Santos today announced its full-year results for 2020, reporting record…
Santos today released its 2021 Climate Change Report.
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