Santos Ltd (OTC) ( (SSLZY) ) has released its Q4 earnings. Here is a breakdown of the information Santos Ltd (OTC) presented to its investors.
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Santos Ltd (OTC) is a global energy company based in Australia, primarily involved in the production and supply of oil and gas, and committed to decarbonization through carbon capture and storage (CCS) technologies. In its 2024 earnings report, Santos has shown a decline in revenue and net profit compared to the previous year, with revenue down 9% to $5.381 billion and net profit down 14% to $1.224 billion. Despite these declines, the company has increased its interim dividends by 49%, although final dividends decreased by 41%. Key projects like the Moomba CCS and Barossa gas projects are making progress, highlighting Santos’ commitment to reducing emissions and expanding its operations. Looking forward, Santos aims to increase production and cash flow with ongoing projects, while maintaining a focus on sustainability and shareholder returns as it navigates the complexities of global energy demands and the transition to low-carbon fuels.