ASX:STO

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ASX:STO

Santos reduces Bayu-Undan stake after prolonged negotiations

18 Sep 2024 - The consortium led by oil and gas producer Santos (ASX:STO) has finally blinked and divested part of its stake in the Bayu-Undan upstream project in favour of Timor-L…

Can Santos weather the storm?

21 Aug 2024 - The oil and gas boom has waned for Santos (ASX:STO) in the six months to June 30, with lower production, prices, revenue, and earnings.

Santos faces takeover rumours

04 Jul 2024 - Recent rumours swirling around Santos (ASX:STO) suggest a potential takeover bid by Middle Eastern giants Saudi Aramco and Abu Dhabi National Oil Co. However, market …

Santos looking to sell stake in the Alaskan oilfields

08 May 2024 - Santos (ASX:STO) is reportedly looking to sell its stake in the Alaskan oilfields it jointly owns, including the Pikka oil project, which is due to start producing in…

Santos sees drop in production

18 Apr 2024 - Santos (ASX:STO) saw a 7% drop in its oil and natural gas production in the first quarter of its 2024 financial year after its operations were disrupted by heavy rain…

Santos' profit decline: Impetus for Woodside Energy's merger pause?

22 Feb 2024 - Santos (ASX:STO) revealed a 42% slump in its underlying 2023 net profit to $US1.423 billion ($A2.2 billion) due to weaker gas prices and sales. While this was down fr…

Relief as Woodside-Santos merger falls through

07 Feb 2024 - The mooted merger between Woodside (ASX:WDS) and Santos (ASX:STO) was abandoned yesterday, eliciting relief more than anything else.

Woodside abandons $70 billion Santos merger

07 Feb 2024 - The marriage between Woodside (ASX:WDS) and Santos (ASX:STO) was called off just before midday on Wednesday.

Federal Court rules in favour of Santos

15 Jan 2024 - In a significant legal victory for energy giant Santos, the Federal Court has ruled in favour of the company, allowing it to proceed with the construction of a crucia…

Santos, Platinum, Pirelli, and the takeover offer for Link

10 Jan 2024 - Fund Manager Chris Pedersen discusses Santos, Platinum Asset Management, Pirelli and Link Administration Holdings.

Looking into the Woodside and Santos merger

11 Dec 2023 - Woodside Energy (ASX:WDS) and Santos (ASX:STO) have officially confirmed media reports that both companies are engaged in preliminary discussions regarding a possible…

Endeavor sets benchmark for Santos takeover

11 Dec 2023 - The possible sale of major US independent energy group Endeavor Energy Partners provides a timely yardstick for the pricing of the potential takeover of Santos by Woo…

Exxon's shale deal ignites oil merger wave, including Australian interests in the Beetaloo Basin

12 Oct 2023 - Exxon Mobil's monumental $US59.5 billion ($93 billion) acquisition of Pioneer Natural Resources, marking the largest energy deal in the United States in decades, is p…

Stocks of the Hour: Santos, Desert Metals, Leeuwin Metals

01 Sep 2023 - A snapshot of the stocks on the move, featuring Santos (ASX:STO), Desert Metals (ASX:DM1) and Leeuwin Metals (ASX: LM1).

Santos shareholders unscathed by weak June performance as company focuses on diversification

23 Aug 2023 - Santos shareholders have managed to sidestep the ramifications of their company's lackluster performance in the first half of June.

Energy giants slump in June quarter

28 Jul 2023 - The bloom has faded from the boom in energy company earnings as world prices and demand sag compared to the invasion-stimulated highs a year ago.

Santos reports robust sales revenue, production, and free cash flow in Q2 2023

20 Jul 2023 - Santos (ASX:STO) has announced strong financial and operational performance in its second-quarter report for 2023.

Trading Tidbits: STO, BOQ

21 Apr 2023 - Updates Thursday from energy major Santos (ASX:STO), whose revenue is headed the wrong way, and Bank of Queensland (ASX:BOQ), who confirmed they are in the regulator’…

BHP shares drop 2.6% as ASX closes 0.04% lower

20 Apr 2023 - At the closing bell, the S&P/ASX 200 was 0.04 per cent lower at 7,362.20, as the materials sector suffered a decline of over 2 per cent.

Eight out of eleven sectors trading higher: ASX up 0.02% at noon

20 Apr 2023 - Stocks are fairly flat following overnight’s performance. Eight out of eleven sectors are in the green so far, as the S&P/ASX 200 is 0.02 per cent higher at 7,367 at …

Oil Search takeover helps triple Santos profit

23 Feb 2023 - Shares in Santos (ASX:STO) jumped sharply on Wednesday as its annual profit more than tripled – as expected – because of the surge in oil and LNG prices over 2022 tha…

Santos bottom line hit by operational snags

20 Jan 2023 - 2023 very much mirrored the year before it for gas and oil producer Santos (ASX:STO), with solid prices and demand blunted by unwanted operating problems, forcing the…

Santos deal a potential fly in the Warrego ointment

15 Dec 2022 - Was the Santos (ASX:STO) announcement on Wednesday that it had struck a new gas supply deal in WA a step up in the battle for control of Warrego Energy and the 50% st…

Santos managing its capital as oil price tanks

08 Dec 2022 - Great timing by Santos (ASX:STO) on Wednesday.

Santos shares lose 5% on downgrade, pivot

09 Nov 2022 - Santos (ASX:STO) surprised investors yesterday with a new strategy and news that output will drop by around 10% in 2023.