MARKETS

Santos brushes off bruising 2020 as it aims for Barossa FID

SANTOS reported record sales and production volumes in its 2020 annual results, despite the impacts of the pandemic, leading to a dividend payout of US7.1 cents per share fully franked.

Santos CEO Kevin Gallagher

Santos CEO Kevin Gallagher

Production for 2020 came to 89 million barrels of oil equivalent, and an 18% rise compared to 2019's 75MMboe, at an average realised oil price of US$47.7/bbl. Just over 31% of that came from Western...

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