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The latest announcement is out from Santos Limited ( (AU:STO) ).
Santos Limited has released its 2024 Annual Report, revealing a 9% decline in revenue to $5,381 million and a 14% drop in net profit to $1,224 million. Despite the profit decrease, the company increased its interim dividend by 49% to 13.0 US cents per security, although the final dividend fell by 41% to 10.3 US cents. The announcement highlights the company’s strategic focus on carbon storage projects, which are still in the early planning stages and face significant financial and regulatory challenges.
More about Santos Limited
Santos Limited is a leading energy company primarily involved in the exploration and production of oil and gas. The company focuses on sustainable energy solutions and is working towards ambitious carbon storage growth targets.
YTD Price Performance: -17.02%
Average Trading Volume: 11,853
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $14.18B
For detailed information about STO stock, go to TipRanks’ Stock Analysis page.
