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Santos Limited ( (AU:STO) ) has provided an announcement.
Santos Limited has released its 2024 Annual Reserves Statement, reporting a total of 1,559 million barrels of oil equivalent in proved plus probable reserves, marking a decrease primarily due to the sale of an interest in PNG LNG. The company achieved an organic increase in reserves and a significant rise in its CO2 contingent storage resources, which supports its decarbonisation efforts and commercial projects like the Moomba CCS. This update highlights Santos’ disciplined resource management and strategic adjustments, maintaining strong positioning within the energy sector despite the reduction in reserves.
More about Santos Limited
Santos Limited operates in the energy industry, primarily focusing on oil and gas exploration and production. The company has a notable presence in international markets, with a significant portion of its reserves held overseas. Its market focus includes the development of gas and liquids resources and a commitment to decarbonisation strategies.
YTD Price Performance: -15.11%
Average Trading Volume: 11,810
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $14.19B
Find detailed analytics on STO stock on TipRanks’ Stock Analysis page.
