Santos (ASX:STO) production 7% higher than the second quarter

Company News

by Rachael Jones

Santos (ASX:STO) released their third quarter activities report showing record production and sales volumes and the second highest quarterly sales revenue on record.

19.8 Million Barrels of Oil Equivalent was a record for Santos and 32 per cent up on the corresponding quarter.

Production was 7 per cent higher than the second quarter with higher production from all Australian assets.

Record sales volumes of 25.2 Million Barrels of Oil Equivalent were 25 per cent higher than the corresponding quarter.

Sales revenue of over $1 billion was the second highest quarterly revenue on record.

Shares in Santos (ASX:STO) closed 1.3 per cent higher at $7.79.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.