Santos (ASX:STO) released their second quarter activities report showing the first half of 2019 had delivered record production volumes and sales revenues, along with strong free cash flow of over $600 million.
First half production of 37 million barrels of oil equivalent was a record for Santos and 32 per cent above the corresponding period.
Santos did see lower average oil-linked LNG and domestic gas prices, and the timing of LNG and liquids shipments.
Two PNG LNG cargoes were on the water at the end of the quarter and liquids cargoes from the Cooper Basin and Western Australia lifted in early July.
Shares in Santos (ASX:STO) closed 0.71 per cent lower yesterday at $7.04.