OPERATIONS

Santos revenues hit by oil prices

SANTOS has posted second-quarter revenue of $484 million on production of 13.4 million barrels of oil equivalent, 35% and 4% lower on-quarter respectively.

Santos revenues hit by oil prices

The drop in revenue was due to both lower prices for oil and for oil price-linked gas sales contracts, while the drop in production was primarily due to the sale of 40% of Gladstone liquefied natural gas...

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