Santos Limited ( (STOSF) ) has released its Q4 earnings. Here is a breakdown of the information Santos Limited presented to its investors.
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Santos Limited is a global energy company specializing in the supply of oil, gas, and liquefied natural gas (LNG) across Australia, Papua New Guinea, Timor-Leste, and the United States, with a focus on emission reduction through carbon capture and storage (CCS) and renewable energy projects. In its latest earnings report, Santos announced a decline in revenue by 9% to $5.4 billion and a 14% decrease in net profit after tax to $1.2 billion, while maintaining a strategic focus on significant development projects like the Moomba CCS and Barossa gas project. The company also reported successful CCS implementation, storing 340,000 tonnes of CO2 in 2024, and continued progress in the Pikka oil development project, which is 74% complete. Looking ahead, Santos aims to increase production and cash flow significantly by 2027 through ongoing projects and maintains a strong commitment to shareholder returns, emphasizing a disciplined low-cost operating model and strategic capital allocation.
