Santos Limited explores for, develops, produces, transports, and markets hydrocarbons for homes and businesses in Australia and the Asia Pacific. Its five principal assets are located in the Cooper Basin, Queensland and NSW, Papua New Guinea, Northern Australia and Timor-Leste, and Western Australia. The company also holds an asset in Alaska; and engages in the development of carbon capture and storage technologies. In addition, it produces natural gas, liquefied petroleum gas, ethane, methane, coal seam gas, liquefied natural gas, shale gas, and condensate, as well as oil. The company's proved plus probable reserves include 1676 million barrels of oil equivalent. Santos Limited was incorporated in 1954 and is headquartered in Adelaide, Australia.

Santos Limited

Santos is an energy company that provides reliable and affordable energy. The company aims to help create a better world for everyone through its energy solutions.

Santos

Santos provides reliable, affordable energy for progress and seeks to provide lower carbon energy over time.

Santos is a global energy company with operations across Australia, Papua New Guinea, Timor-Leste and the United States.

At Santos, our goal is to be a global leader in the energy evolution to low-carbon fuels that help the world decarbonise and continue to provide the reliable, affordable energy the world needs for modern life and human progress.

Santos is an important Australian domestic gas supplier and LNG supplier in Asia. We are committed to supplying critical fuels such as oil and gas, and abating emissions through carbon capture and storage, energy efficiency projects, use of renewables in our operations and high-quality offsets. Santos will also seek to develop low-carbon fuels as customer demand evolves.

For 70 years, Santos has been working in partnership with local communities, providing jobs and business opportunities, safely developing natural gas resources and from there powering industries and households.

Santos seeks to deliver long-term value to shareholders through our diverse portfolio of high-quality, long-life, low-cost oil and gas assets, carbon storage resources and infrastructure.

The Santos portfolio is value accretive and resilient across a range of decarbonisation scenarios. Santos has a climate transition action plan that will continue to evolve for the global energy evolution.

Santos has a regional operating model with a strong local focus. The Company’s operating structure comprises three regional business units focused on enabling and executing corporate strategy. Two divisions – Santos Energy Solutions and Santos Upstream Gas and Liquids – are accountable for global portfolio management and strategy.

Santos Ltd

Santos today announced its half-year results for 2024, reporting strong cash returns from our operating business and significant progress on our major projects including Barossa, Pikka and Moomba Carbon Capture and Storage. 

We have delivered a record interim dividend of US$422 million (49 per cent increase) at US13.0 cents per share (unfranked).

These results included:
- free cash flow from operations of US$1.1 billion 
- production of 44 million barrels of oil equivalent
- sales revenue of US$2.7 billion
- 2024 guidance remains unchanged.

Managing Director and Chief Executive Officer Kevin Gallagher said the results were a testament to Santos’ high-performance culture, disciplined low-cost operating model and consistent prioritisation of safe and reliable operations. 

View the full Santos 2024 Half-year results here: https://bit.ly/STOHYR24

The Santos Foundation supports initiatives that foster skills in communities that create broader economic opportunities – programs like this one, that enhance literacy development, have positive impacts that extend beyond the lives of those directly participating.

Santos is producing enough electricity to power 32,000 homes in New South Wales, using locally sourced natural gas. 

And while this is just the start of the region’s energy generating potential – the Narrabri Gas Project could be producing half the state’s gas demand – but complex and lengthy approvals and appeals processes have significantly delayed the project.

Read more here: https://lnkd.in/gs4apUr5

At Perth Children’s Hospital, Santos’ long-term partnership with Ronald McDonald House has paved the way for a Ground floor Family Room, and Kulunga Moort Mia, a culturally sensitive space where families can rest or meet together. These facilities are a place of respite for families visiting the hospital, including many who come from regional and remote WA. 

We are proud to continue our support to Ronald McDonald House and the care it gives families and kids in their time of need.

The Santos Foundation’s small grants initiative is a fantastic way that Santos employees and contractors can seek support for their local communities in Papua New Guinea.

This National Tree Day, Santos GLNG partnered with Tondoon Botanic Gardens to give away 1,000 Port Curtis Region native seedlings to Gladstone locals.
 
Native plants are essential to the conservation of biodiversity, which creates healthy ecosystems that clean our water, purify our air, maintain healthy soil, regulate the climate and provide us with food and other resources.
 
Operating our LNG Facility on Curtis Island, off Gladstone, we understand the importance of protecting an area’s diverse and unique ecology and heritage for future generations and have supported the LNG Industry Offset Plan which sees 59 per cent of Curtis Island actively managed under a conservation management plan.
 
We are proud to support National Tree Day with the roll out of these starter packs which include two native seedlings, potting mix, gardening globes and sunscreen. #NationalTreeDay

COM:SANTOS