Santos Limited ( (AU:STO) ) just unveiled an update.
Santos Limited reported strong financial results for the first quarter of 2025, with a 9% increase in free cash flow from operations, driven by higher production in Western Australia and robust LNG sales. The company is nearing completion of significant development projects, including the Barossa LNG and Pikka phase 1, which are expected to boost production by over 30% by 2027. Santos continues to focus on operational excellence and project execution, maintaining resilience amid volatile markets. The company’s carbon capture and storage initiative, Moomba CCS, is performing well, supporting its decarbonization strategy.
More about Santos Limited
Santos Limited is a leading energy company operating in the oil and gas industry, primarily focused on natural gas and liquefied natural gas (LNG) production. The company has a diversified portfolio and is strategically positioned to capitalize on emerging market opportunities, particularly in regions with growing demand for energy products.
YTD Price Performance: -10.84%
Average Trading Volume: 5,637
Technical Sentiment Signal: Buy
Current Market Cap: $11.52B
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