Santos

Santos has struck two separate LNG deals: a ten-year Delivered-Ex-Ship supply to POSCO Steel, with deliveries from Santos’s global LNG portfolio expected to begin in 2030 or 2031; and an offtake of around 1 million tonnes of LNG per year from the planned Ksi Lisims project in British Columbia on an FOB basis, which can run for up to 20 years and is scheduled to start around 2031. The contracts establish long-term supply and offtake obligations to serve international buyers. » Mere på de.investing.com

Santos reported H1 2026 production of 45.6m barrels of oil equivalent (+3%) and revenue of USD 2.62bn (+2%); earnings per share were USD 0.109 (analyst consensus USD 0.105). Management expects H2 production to rise about 20–30% as Barossa LNG and Pikka phase‑1 ramp up; Pikka shipped its first crude cargo in August and aims for a gross plateau of 80,000 bpd by end‑Q3. Santos announced a non‑tax‑advantaged interim dividend of 11.6 US cents per share; the stock rose 2.8% to A$8.335, outperforming the market. » Mere på de.investing.com

Santos closed 2025 with 2P reserves of 1,484 mmboe (down from 1,559 mmboe) after 88 mmboe of production, while 1P proved reserves remained broadly stable at 913 mmboe. Gas accounts for 83% of 2P volumes, developed reserves rose to 62% of 2P, and the company’s 2P reserves life is about 17 years. Contingent resources (2C) fell to 3,212 mmboe partly due to divestments, but CO2 storage 2C increased by 24 Mt to 202 Mt, supporting scaling of the Moomba CCS project. Preliminary 2025 guidance includes product sales revenue of ~ $4.94 billion, cost of sales $3.25–3.30 billion, net finance costs $250–265 million and about $137 million of impairments. » Mere på finance.yahoo.com