MARKETS

Santos 2023 profits dive on lower prices and production

Underlying numbers are down by 42%, but dividend payment hits record levels

Colin Sandell-Hay

Santos CEO Kevin Gallagher (APPEA)

Santos CEO Kevin Gallagher

Santos has recorded steep drops in its full-year 2023 profits and revenue due to falls in oil and LNG prices and lower production compared to the corresponding period in 2022. The company's sales revenue...

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