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…
Santos has today released its Sustainability and Climate Report 2023.
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,…
Santos today opened its first Darwin shopfront in the central business district, offering the public a place to learn more about the company, our activities in the Territory and the benefits our projects bring for Territorians. Our local community team will be on hand at the shopfront to answer any questions. Santos CEO and Managing…
Santos Managing Director and Chief Executive Officer, Kevin Gallagher, addressed a NT Energy Club luncheon in Darwin, Northern Territory, on Friday 2 February 2024.
Santos and its joint venture partners in the Barossa Gas Project today announced they will invest up to A$10 million in Northern Territory coastal Aboriginal communities and homelands as the development phase of the project progresses. Investments will be aimed at improving community and homeland infrastructure and services as well as programs that enable Aboriginal…
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 welcomes the decision of the Federal Court of Australia today in the case of Munkara v Santos NA Barossa Pty Ltd (No.3). The decision was in favour of Santos, with the Court dismissing the application and discharging the injunction that prevented pipelay activities south of the kilometre 86 (KP86) point along the Barossa Gas…
The Barossa Development Drilling and Completions Environment Plan (EP) was accepted by the regulator, the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) on Friday 15 December 2023. Following the setting aside of NOPSEMA’s March 2022 approval of the EP in September 2022, Santos has conducted further extensive consultation with Tiwi Island people and…
The Santos-operated Darwin LNG joint venture and KAEFER Integrated Services will establish a new pathway to skilled, well-paying, secure jobs for Aboriginal Territorians through a multimillion-dollar training and employment program commencing in early 2024 in Darwin. The Darwin LNG joint venture will provide $3 million to fund KAEFER’s delivery of this new Aboriginal jobs program…
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…
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 notes the decision of the Federal Court of Australia today ruling pipelay activities can commence on an 86km section of pipeline for the Barossa Gas Export Pipeline (GEP). As per the ruling, no activity will occur south of kilometre point 86 (KP86), as outlined on the map below. The Court has set 4 December…
Santos notes the Federal Court of Australia has today granted an interim injunction to prevent Santos from commencing to lay the Barossa Gas Export Pipeline (GEP) until 13 November 2023. This decision is in connection with an application by Mr Simon Munkara seeking an order that Santos revise and resubmit the Environment Plan (EP) that…
Santos respects the cultural heritage of the Tiwi people and while we understand and respect there are a range of views about the Barossa gas project, we will vigorously defend Federal Court proceedings commenced by the Environmental Defenders Office on behalf of Mr Simon Munkara. The Environment Plan (EP) for the gas export pipeline installation…
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 Managing Director and CEO, Kevin Gallagher, delivered a keynote speech at the South East Asia Australia Offshore & Onshore Conference today, in Darwin NT.
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…
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.
Santos today announces it has signed four Memoranda of Understanding (MOU) for the proposed storage of carbon dioxide (CO2) emissions from third parties to underpin the initial development of the Bayu-Undan carbon capture and storage (CCS) project, where front end engineering design work is nearing completion. The four non-binding MOUs for CO2 supply to Bayu-Undan…
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…
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