A Comprehensive Overview Of Santos Limited

Santos Limited (STOAX) Stock Price Today, News and Information

A Comprehensive Overview of Santos Limited

Santos Limited (STOAX) is an Australian oil and gas exploration and production company headquartered in Adelaide, South Australia. The company operates in Australia, Timor-Leste, Papua New Guinea, and the United States. Santos is one of the largest independent oil and gas producers in Australia and a significant supplier of LNG to Asia.

Key Points About Santos Limited

• Headquarters: Adelaide, South Australia
• Operations: Australia, Timor-Leste, Papua New Guinea, United States
• Major Products: Oil and gas
• Market Capitalization: A$23.5 billion (as of March 2023)
• Stock Symbol: STOAX (Australian Securities Exchange)

Recent Developments and News

Santos has been involved in several significant developments in recent years, including:

• Acquisition of Quadrant Energy in 2021, which significantly increased Santos's domestic gas production capacity
• Construction of the Barossa gas project in the Timor Sea, which is expected to start production in 2025
• Partnership with bp to develop the Moomba carbon capture and storage project in South Australia

Financial Performance

Santos has a strong financial track record, with consistent revenue and earnings growth in recent years. The company's revenue for the 2022 financial year was A$18.3 billion, and its net profit was A$3.6 billion. Santos has also been paying dividends to shareholders for over 20 years.

Conclusion

Santos Limited is a leading Australian oil and gas company that plays a vital role in supplying energy to the domestic market and exporting LNG to Asia. The company has a strong financial track record, a commitment to sustainability, and a pipeline of growth projects that position it for continued success in the future.