STO 0.00% $7.48 santos limited

News: STO Australia's Santos Q3 revenue falls 22.6%

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    Oct 22 (Reuters) - Australia's second-largest independent gas producer Santos Ltd (STO) said on Thursday third-quarter revenue fell 22.6%, hit by a drop in energy prices because of the COVID-19 pandemic.

    The Adelaide-based firm reported revenue of A$797 million ($566.99 million) for the September quarter, compared with A$1.03 billion last year, and missed RBC estimates of A$814 million.

    Production for the quarter came in at 25.1 million barrels of oil equivalent (mmboe), up from 19.8 mmboe last year.

    ($1 = 1.4057 Australian dollars)

 
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