Santos
(ASX:STO) has reported its production slightly fell in the second quarter of 2017, while its sales rose 16 per cent in the quarter, both compared to the first 2017 quarter.
The natural gas company also upgraded its 2017 production guidance, to be between 57 to 60 million barrels of oil equivalents (mmboe) and its sales guidance to 75 to 80 mmboe.
Meantime, Santos also reduced its 2017 production cost guidance.
On another positive for the company, it dropped its net debt to US$2.9 billion at the end of quarter ending 30 June 2017, down from US$3.5 billion at the end of 2016.
Shares in Santos
(ASX:STO) last traded 0.66% per cent lower yesterday to $3.02.
