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Job cuts at Santos as Barossa delays hit profits

Lower prices and project setbacks cut earnings

Rueben Hale
Santos CEO Kevin Gallagher

Santos CEO Kevin Gallagher | Credits: AEP

Santos has reported a sharp decline in 2025 net profit to US$818m, driven by weaker commodity prices with its bottom line also weighed down by project delays at Barossa LNG. As the company announced...

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