Santos Limited ( (AU:STO) ) has provided an announcement.
Santos Limited announced significant progress in its key projects during the 2025 Annual General Meeting. The Pikka project’s pipeline is nearly complete a year ahead of schedule, potentially allowing for early production. The Barossa LNG project is 95.2% complete and is expected to start gas production in the third quarter of 2025. The company received strong shareholder support for its climate strategy, reflecting confidence in its decarbonization efforts. Santos remains resilient amid global market volatility, with a strong balance sheet and plans to increase production by over 30% by 2027, positioning itself well for future growth.
More about Santos Limited
Santos Limited is a prominent player in the energy sector, specializing in the production and distribution of liquefied natural gas (LNG) and oil. The company focuses on maintaining a diversified LNG portfolio, primarily serving customers in Asia, and is committed to advancing its carbon management services through projects like the Moomba Carbon Capture and Storage.
YTD Price Performance: -20.48%
Average Trading Volume: 8,489
Technical Sentiment Signal: Strong Buy
Current Market Cap: $10.6B
See more data about STO stock on TipRanks’ Stock Analysis page.