STO 0.98% $7.19 santos limited

August 21 (Reuters) - Australian oil and gas explorer Santos...

  1. 193,698 Posts.
    lightbulb Created with Sketch. 2825

    August 21 (Reuters) - Australian oil and gas explorer Santos (STO) on Wednesday posted a 18% drop in its first-half profit, hurt by weaker realized prices and a decline in overall production amid poor demand from top consumer China.

    The country's second-largest independent gas producer reported underlying profit of $654 million for the six months ended June 30, down from $801 million last year. That compares to a Visible Alpha consensus estimate of $694.5 million.

 
watchlist Created with Sketch. Add STO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.