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…
The Barossa Aboriginal Future Fund (BAFF) is investing A$2.9 million to build and operate new laundry facilities for remote and urban Aboriginal communities in the Northern Territory in partnership with the Santos Foundation and the Aboriginal Investment Group (AIG). The investment will enable AIG to convert two transportable shipping containers into reliable laundries for Aboriginal…
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…
Santos today announced the first LNG cargo from Barossa LNG has been successfully loaded to the Kool Blizzard. The cargo departed Darwin LNG on Sunday 25th January and will be delivered to the Sakai terminal in Japan on a delivered ex-ship basis. Santos is the operator and has a 50 per cent interest in the…
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…
Building on strong partnerships and collaborative programs in Papua New Guinea, the Foundation expanded its footprint to the Northern Territory in Australia in 2024. Since its expansion, the Foundation has delivered initiatives to empower young Territorians through improved access to culturally safe health services and school-based apprenticeships. Through the Foundation’s Youth Opportunities program in partnership…
Santos announces that it has executed a conditional sale and purchase agreement to divest its 42.86% operated interest in the Mahalo Joint Venture, in Queensland’s Bowen Basin, to Comet Ridge Limited, delivering A$40m in upfront consideration and up to A$20m in contingent payments linked to production milestones. Santos has also recently completed the divestment to…
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 announces that the BW Opal FPSO (floating production, storage and offloading vessel) has successfully received first gas into the facility to commence production operations. This follows the BW Opal achieving ready for start-up status on 16 September 2025, and the commencement of flow from the subsea wells. This is a major milestone for Santos…
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 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 announces the arrival of the BW Opal FPSO (floating production, storage and offloading) vessel at the Barossa gas field approximately 285 km north of Darwin on Sunday 15 June 2025, marking a critical milestone on the path to first gas in the third quarter of 2025. The FPSO has since been successfully hooked up,…
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 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 today announces the Darwin LNG joint venture[1] (operated by Santos and in which Santos holds a 43.43 per cent interest) has achieved financial close of new syndicated bank loan facilities totalling US$800 million. The facilities comprise a US$350 million 7-year, partially amortising loan maturing in 2031 and a US$450 million, 12-year partially amortising loan…
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.
2023 Full-year Results Video
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