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.
In accordance with ASX Listing Rule 3.17A, Santos advises that it has received a notice seeking to requisition a resolution for consideration at the Annual General Meeting on 15 April 2021. The proposed resolution has been requisitioned by shareholders representing less than 0.01 per cent of the shares on issue in Santos Limited. The resolution…
Santos today announced it had signed a binding long-term LNG Supply and Purchase Agreement (SPA) with Diamond Gas International Pte Ltd (DGI), a wholly-owned subsidiary of Mitsubishi Corporation (Mitsubishi), for the supply of LNG from the Barossa project. The long-term SPA is a contractual commitment for the supply and purchase of 1.5 million tonnes per…
Santos has today announced ambitious new emissions reduction targets that include: 2030: Reduce Scope 1 and 2 absolute emissions by 26-30 per cent on 2020 baseline 2030: Actively work with customers to reduce their Scope 1 and 2 emissions by >1mtCO2e per year by 2030 2040: Scope 1 and 2 absolute emissions net-zero. Santos Managing…
Record quarterly production and sales volumes Third quarter production of 25.1 mmboe was a record for Santos and 22% higher than the prior quarter Production was higher in all five core assets, primarily driven by higher domestic gas and LNG volumes Quarterly sales revenue of US$797 million was 2% higher than the prior quarter, demonstrating…
Santos reports 2020 half-year results Santos today reported first half free cash flow of US$431 million and underlying profit of US$212 million. The results reflect significantly lower oil prices compared to the previous first-half due to the impact of COVID-19 on global oil demand. The reported net loss after tax of US$289 million includes the…
Record quarterly and half-year production Second quarter production of 20.6 mmboe was a record for Santos and 15% higher than the prior quarter The strong production result was driven by higher domestic gas production in Western Australia, continued strong onshore production and a higher equity interest in Bayu-Undan following completion of the ConocoPhillips acquisition Quarterly…
Santos today is pleased to announce it has completed the acquisition of ConocoPhillips’ northern Australia and Timor-Leste assets for a reduced purchase price of US$1.265 billion plus an increased contingent payment of US$200 million subject to a final investment decision (FID) on Barossa. Due to recent market volatility and the deferral of Barossa FID, Santos…
The release of the Technology Investment Roadmap discussion paper recognises the crucial role that natural gas and carbon capture and storage (CCS) will play in creating jobs as Australia rebounds from COVID-19 and strives for a lower carbon economy. Santos Managing Director and Chief Executive Officer Kevin Gallagher said the discussion paper builds on the…
Santos welcomes the release of the King review and the Morrison Government’s response as a key enabler for the development of an Australian carbon capture and storage (CCS) industry. CCS projects globally store around 40 million tonnes per year of carbon dioxide, far short of the more than two billion tonnes the International Energy…
Strong free cash flow and liquidity Strong operational performance delivered US$265 million of free cash flow in the first quarter Targeting 2020 free cash flow breakeven oil price of US$25 per barrel Liquidity of over US$3 billion at the end of the quarter, comprising US$1.15 billion in cash after payment of the 2019 final…
Further to the Annual General Meeting (AGM) update on 23 March 2020, Santos today confirmed that as a result of the closure of the Adelaide Oval, the AGM will be held and webcast live to shareholders from Santos’ offices at 100 St Georges Terrace, Perth WA 6000 at 10.00am Adelaide time on Friday 3 April…
Santos notes the announcement from S&P Global Ratings (S&P) reaffirming Santos’ BBB- credit rating with stable outlook. S&P noted Santos has a solid buffer to withstand current oil prices due to the strong balance sheet built up over the past two to three years. S&P also noted Santos has the financial capability to undertake the…
Santos today announced that due to continuing developments in relation to COVID-19, all resolutions at the Santos Limited Annual General Meeting (AGM) will be decided based on proxy votes. In light of the Australian Government’s ban on public gatherings of 100 or more people, Santos is not able to allow shareholders to physically attend the…
Santos today provided an update on the measures it is taking in response to COVID-19 and the current lower oil price environment. COVID-19 response Santos Managing Director and Chief Executive Officer Kevin Gallagher said Santos is committed to supporting government and community efforts to limit the spread of the virus, and supporting business continuity. “We…
Notice is hereby given that the 2020 Annual General Meeting of members of Santos Limited will be held in the William Magarey Room at Adelaide Oval, War Memorial Drive, North Adelaide on Friday, 3 April 2020 at 10.00am.
SANTOS REPORTS RECORD ANNUAL FREE CASH FLOW OF $1.1 BILLION, 7% INCREASE IN NET PROFIT AND 13% INCREASE IN FULL-YEAR DIVIDENDS
Santos today announced its full-year results for 2019, reporting both record EBITDAX and free cash flow. The Board has resolved to pay a final dividend of US5.0 cents per share fully-franked, bringing full-year dividends to US11.0 cents…
Santos today released its 2020 Climate Change Report. See link below.
In accordance with ASX Listing Rule 3.17A, Santos advises that it has received a notice seeking to requisition the attached resolutions for consideration at the Annual General Meeting on 3 April 2020. The resolutions would involve: an amendment to the Constitution to provide that members can pass advisory resolutions in relation to the exercise of…
Santos today announced Janine J. McArdle has been appointed to the Santos Board as an independent non-executive director with such appointment to take effect today, 23 October 2019. With a proven track record of successful strategic decision making and operational management in the energy industry, the appointment of Ms McArdle further complements and strengthens the…
Record quarterly production and sales volumes Third quarter production of 19.8 mmboe was a record for Santos and 32% up on the corresponding quarter Production was 7% higher than the second quarter with higher production from all Australian assets Record sales volumes of 25.2 mmboe were 25% higher than the corresponding quarter Sales revenue of…
Santos is delighted to announce a new 10 year lease on its Adelaide offices at 60 Flinders Street, which includes an exciting new refurbishment. The Santos Centre will receive a facelift with a renovated lobby and bigger facilities for our staff who cycle to work. An internal building reconfiguration will result in two and a…
Record production and revenue First half production of 37 mmboe was a record for Santos and 32% above the corresponding period. Sales volumes of 45.2 mmboe were up 19% and sales revenues up 18% to $2 billion in the first half. Major growth projects advanced Dorado-2 appraisal success confirmed a larger than anticipated major oil…
Young Indigenous students from across Australia are this week immersing themselves in the world of engineering in an interactive camp in Adelaide, as part of a partnership between Santos and the University of Adelaide. Twenty-nine students are attending the Santos Karnkanthi Indigenous Engineering School from Perth, Numbulwar, Alice Springs, Darwin, Gladstone, Melbourne, Mackay, Cairns, Roxby…
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