Company Reports

Santos reported a 30% decline in first-half 2026 underlying NPAT to USD 355 million. Production rose 3% to 45.5 million barrels of oil equivalent on steady average pricing, and underlying EBITDA was steady. But depreciation jumped 22% on a methodology change.

Santos is the second-largest Australian pure oil and gas exploration and production company (behind Woodside Petroleum, ASX:WPL), with interests in all Australian hydrocarbon provinces, and Papua New Guinea. Santos is now one of Australia's largest coal seam gas producers with substantial reserves. It is the country's largest domestic gas supplier.

Australian hydrocarbon producer Santos reported a 3% increase in second-quarter 2026 production to 23.1 million barrels of oil equivalent. Revenue rose 6% to USD 1.35 billion, with an 8% jump in average prices more than offsetting softer volumes due to lower third-party sales.

Santos is the second-largest Australian pure oil and gas exploration and production company (behind Woodside Petroleum, ASX:WPL), with interests in all Australian hydrocarbon provinces, and Papua New Guinea. Santos is now one of Australia's largest coal seam gas producers with substantial reserves. It is the country's largest domestic gas supplier.

Australian hydrocarbon producer Santos reported a 1% increase in first-quarter 2026 production to 22.5 million barrels of oil equivalent, or mmboe. Revenue rose 3% to USD 1.27 billion with a 6% jump in average pricing more than countering softer volumes due to inventory build with cyclone activity.

Santos is the second-largest Australian pure oil and gas exploration and production company (behind Woodside Petroleum, ASX:WPL), with interests in all Australian hydrocarbon provinces, and Papua New Guinea. Santos is now one of Australia's largest coal seam gas producers with substantial reserves. It is the country's largest domestic gas supplier.

The war in the Middle East, which started on Feb. 28, 2026, is a highly dynamic situation. While the US and Israel have achieved clear air superiority, Iran has effectively choked the Strait of Hormuz, threatening shipping deemed allied to the coalition forces.

Santos is the second-largest Australian pure oil and gas exploration and production company (behind Woodside Petroleum, ASX:WPL), with interests in all Australian hydrocarbon provinces, and Papua New Guinea. Santos is now one of Australia's largest coal seam gas producers with substantial reserves. It is the country's largest domestic gas supplier.

Santos is the second-largest Australian pure oil and gas exploration and production company (behind Woodside Petroleum, ASX:WPL), with interests in all Australian hydrocarbon provinces, and Papua New Guinea. Santos is now one of Australia's largest coal seam gas producers with substantial reserves. It is the country's largest domestic gas supplier.

Australian hydrocarbon producer Santos reported a 25% decline in 2025 underlying net profit after tax to AUD 898 million. The result reflects steady production of 88 million barrels of oil equivalent, but a 10% decline in average pricing to USD 52.80 per boe. A USD 10.3 cent dividend was declared.

Australian hydrocarbon producer Santos' Barossa project is ramping up gas export volumes, currently at around 75% of nameplate capacity. Pikka phase 1 is also commissioning, with mechanical work near complete. Group third-quarter production rose 5% after recovery from Cooper Basin flooding.

Santos is the second-largest Australian pure oil and gas exploration and production company (behind Woodside Petroleum, ASX:WPL), with interests in all Australian hydrocarbon provinces, and Papua New Guinea. Santos is now one of Australia's largest coal seam gas producers with substantial reserves. It is the country's largest domestic gas supplier.

Australian hydrocarbon producer Santos says the Barossa project remains on track to ship first LNG in the fourth quarter of 2025, while life extension work on the Darwin LNG facility is complete in readiness for Barossa's gas. Group third-quarter production fell 4% due to maintenance activity.

Santos is the second-largest Australian pure oil and gas exploration and production company (behind Woodside Petroleum, ASX:WPL), with interests in all Australian hydrocarbon provinces, and Papua New Guinea. Santos is now one of Australia's largest coal seam gas producers with substantial reserves. It is the country's largest domestic gas supplier.

Australian hydrocarbon producer Santos says XRG Consortium's USD 5.63 (AUD 8.65) per share proposed takeover offer is no more. Delays with the scheme implementation agreement, and lack of accord around the appropriate allocation of risk between XRG and Santos shareholders are at cause.

Santos is the second-largest Australian pure oil and gas exploration and production company (behind Woodside Petroleum, ASX:WPL), with interests in all Australian hydrocarbon provinces, and Papua New Guinea. Santos is now one of Australia's largest coal seam gas producers with substantial reserves. It is the country's largest domestic gas supplier.

We've updated our midcycle oil price assumption. Our 10-year forecast marries our bullish in-house oil demand view with Rystad's supply projections, which aligns with our revised, long-term take.

Santos is the second-largest Australian pure oil and gas exploration and production company (behind Woodside Petroleum, ASX:WPL), with interests in all Australian hydrocarbon provinces, and Papua New Guinea. Santos is now one of Australia's largest coal seam gas producers with substantial reserves. It is the country's largest domestic gas supplier.

Santos is the second-largest Australian pure oil and gas exploration and production company (behind Woodside Petroleum, ASX:WPL), with interests in all Australian hydrocarbon provinces, Indonesia, and Papua New Guinea. Well-timed East Australian coal seam gas purchases and subsequent partial sell-downs bolstered the balance sheet and set the scene for liquid natural gas, or LNG, exports. Santos is now one of Australia's largest coal seam gas producers and continues to prove additional reserves. It is the country's largest domestic gas supplier.

Hydrocarbon producer Santos reported a 22% decline in first-half 2025 underlying net profit after tax to AUD 508 million. The result reflects steady production of 44 million barrels of oil equivalent, but a 6% fall in average pricing to USD 54.60 per boe. A USD 13.4 cent dividend was declared.