On Friday, the Queensland Supreme Court ruled in favour of Santos in proceedings brought by the company against Fluor Australia Pty Ltd (Fluor). The Court affirmed that Fluor must pay approximately A$692 million to Santos and its co-venturers, with further sums yet to be determined. The proceedings arose under an engineering and construction contract that…
Santos Limited (ASX:STO) (Santos) provides the following update in relation to the non-binding indicative proposal (Indicative Proposal) received 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 (ADQ) and Carlyle (the XRG Consortium) to acquire 100% of the issued shares of Santos…
Santos today announced it has signed a non-binding memorandum of understanding (MOU) with ENGIE for the supply of natural gas from the Narrabri Gas Project for the Australian east coast domestic gas market. ENGIE is a diversified energy company focused on supporting its customers’ decarbonisation efforts and accelerating the transition to net zero by delivering…
Santos welcomes a new Low Emissions Technology Australia and EY report detailing the potential of carbon capture and storage as an exciting new industry for Australia that could inject tens of billions into the economy and deliver thousands of new, skilled, secure, well-paid jobs for decades to come. Santos also welcomes federal Resources Minister Madeleine…
Santos welcomes the outcome of recent credit rating assessments by Moody’s Investors Service (Moody’s) and S&P Global Ratings (S&P). Moody’s has reaffirmed Santos’ Baa3 credit rating with stable outlook, and S&P has retained a BBB- rating with stable outlook. This complements our existing investment grade rating of BBB with stable outlook from Fitch Ratings (Fitch).…
Santos Limited (ASX:STO) (Santos) announces that it has entered into a process and exclusivity deed (Process Deed) with XRG P.J.S.C. (XRG), a subsidiary of Abu Dhabi National Oil Company and lead investor of a consortium including Abu Dhabi Development Holding Company and Carlyle (the XRG Consortium) in relation to the XRG Consortium’s non-binding indicative proposal to…
Santos Limited (ASX:STO) (Santos) announces that on 13 June 2025 it received a non-binding indicative proposal 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 (ADQ) and Carlyle (the XRG Consortium). Indicative Proposal price The proposal is for the acquisition of all…
Santos welcomes Fitch Ratings’ (Fitch) decision to reaffirm Santos’ ‘BBB’ credit rating with stable outlook. Fitch noted “Santos’ ratings reflect its strong business profile, driven by solid exposure to long-term domestic gas fixed-price contracts, which provides greater revenue stability than peers in the ‘BBB’ category. It also considers the company’s diversified assets across onshore and…
In accordance with ASX Listing Rule 3.15.1 and with effect from 10 June 2025, the Sydney office of Computershare Investor Services Pty Limited will be located at:
Computershare Investor Services
Level 4
44 Martin Place
Sydney NSW 2000
Telephone numbers and postal address remain unchanged.
Securing Australia’s Energy Future – A Pragmatic Path Forward Good morning everyone – and thank you Laura. I too acknowledge the Turrbal and Jagera people and pay respects to elders past and present. Thank you for the opportunity to speak with you today about one of the most pressing challenges facing Australia and our region.…
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 final dividend of US 10.3…
Santos, one of Western Australia’s largest domestic gas suppliers, today announced that first production from the Halyard-2 infill well has commenced. The well is online six weeks ahead of schedule and is now producing. This will supply an incremental 65 mmscf/d into Varanus Island. Further, it will convert approximately nine mmboe of sales gas and…
Santos today released its Annual Reserves Statement. Proved plus probable (2P) reserves are 1,559 million barrels of oil equivalent (mmboe) at the end of 2024, a decrease of 15 mmboe before production. While additions across a number of assets provided an organic reserves increase of 15 mmboe, there was a 30 mmboe reduction arising from…
Santos is proud to announce its flagship two-day regional sports event, the Santos Festival of Rugby, will return to Narrabri in 2025. A fixture on the national and regional rugby calendars, the SFOR has grown across four years to become one of the biggest annual football and community events in regional Australia and has delivered…
Strong financial and operating performance Sales revenue of more than US$1.4 billion in the fourth quarter, and US$5.4 billion for the full year. Strong fourth quarter free cash flow from operations of ~US$430 million, and $1.9 billion for the full year. Free cash flow breakeven price of less than $33.50/bbl for the full year unhedged.…
Santos today announces the signing of a binding long-term LNG Supply and Purchase Agreement (SPA) with Shizuoka Gas Co. Ltd. to provide LNG from Santos’ portfolio of world class LNG assets. The long-term SPA will supply between 0.35 and 0.4 million tonnes per annum of LNG at plateau. The contract term is 12 years, commencing…
Today the Federal Court of Australia ordered the Environmental Defenders Office Ltd (the EDO) to pay Santos the sum of $9,042,093.05 in relation to Simon Munkara v Santos NA Barossa Pty Ltd (VID 907/2023) (the Proceedings). The amount represents 100 per cent of the legal costs incurred by Santos in defending the Proceedings and recovering…
Santos today announced an updated capital allocation framework that will target returns to shareholders of at least 60 per cent of all-in free cash flow from 2026, following a period of major capital investment to bring significant new production online from the Barossa and Pikka projects. In addition, Santos announced a carbon storage growth target…
Robust free cash flow, significant projects progress and Moomba CCS phase one online Robust free cash flow Free cash flow from operations of ~US$400 million, compared to US$377 million in prior quarter. Sales revenue of US$1.3 billion, slightly lower than prior quarter. Production decreased 3 per cent quarter on quarter to 21.6 mmboe. Gearing was…
Santos today announces the commencement of Ms Sherry Duhe as Chief Financial Officer. Santos Managing Director and Chief Executive Officer Kevin Gallagher has welcomed the addition of Ms Duhe to the Santos executive leadership team in the critical role of Chief Financial Officer. “Sherry is a highly skilled and experienced executive in finance and the…
Santos today announced the signing of a mid-term LNG supply contract with TotalEnergies Gas & Power Asia Private Limited (TotalEnergies). The contract is to supply 20 LNG cargoes, or up to approximately 0.5 million tonnes of LNG per annum over a period of 3 years plus one quarter. The contract will commence in Q4 2025…
In accordance with Listing Rule 3.16.1, Santos today announced the retirement of Mr Guy Cowan as a Director of Santos, effective 1 October 2024.
Santos today announces it has executed documentation to refinance its 2025 maturing syndicated bank loan facility. The facility, previously for US$250 million, has been increased to US$850 million. The facility represents a fully-revolving loan maturing in January 2030, refinancing the previous facility that had a maturity date of August 2025. The loan bears a floating…
Santos today announces the retirement of Ms Anthea McKinnell as Chief Financial Officer and the appointment of Ms Sherry Duhe to the role. Santos Managing Director and Chief Executive Officer Kevin Gallagher paid tribute to Ms McKinnell, saying “Anthea joined Santos more than five years ago and has steered the finance function through a period…
Santos today announced the signing of a mid-term LNG supply contract with Glencore Singapore Pte Ltd (Glencore). The contract is to supply 19 LNG cargoes, or up to approximately 0.5 million tonnes of LNG per annum over a period of 3 years plus one quarter. The contract will commence in Q4 2025 with LNG being supplied…
Santos notes the Federal Court’s decision today in proceedings by the Australian Energy Regulator related to Santos’ historical record keeping practices. The court found: The contraventions were inadvertent and not deliberate. The parties agree that there was no actual loss or damage caused as a result of the admitted contraventions. The parties agree that Santos…
Santos today announced the signing of a binding long-term LNG Supply and Purchase Agreement (SPA) with Hokkaido Gas Co., Ltd. to provide LNG from Santos’ portfolio of world-class LNG assets. The long-term SPA will supply up to approximately 0.4 million tonnes per annum of LNG for 10 years, commencing in 2027, from Santos’ LNG portfolio…
Shareholders have re-elected Chair Keith Spence at the Annual General Meeting in Adelaide yesterday, indicating strong support for Santos’ strategy. Mr Spence was re-elected as a Director with 93.5 per cent of shareholder votes in favour. The re-election of Dr Vanessa Guthrie AO was also strongly supported with 92.05 per cent of shareholder votes in…
Santos welcomes the release today of the Workplace Gender Equality Agency’s annual report which shows continuing progress on reducing the gender pay gap between men and women across the workforce. Santos pays men and women the same remuneration for the same roles. However, females make up only 27.2 per cent of the workforce, giving rise…
Santos has joined two major climate change initiatives, affirming the company’s commitment to a net-zero future and action to reduce methane emissions. Santos is now a signatory of the Aiming for Zero Methane Emissions Initiative, becoming only the second Australian company to join the scheme. Aiming for Zero Methane Emissions aims to eliminate the oil…
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