Energy

Santos Limited (STO)

Santos Limited is a multinational oil and gas company operating across Southeast Asia, Australia, and New Zealand, focusing on liquefied natural gas (LNG), natural gas, and oil. Key projects include the Barossa LNG project in Australia and the Perebono field in Indonesia. Santos operates through exploration, production, and marketing of hydrocarbons.

Market Cap

A$22.9B

Shares on Issue

N/A

Company WebsiteAI coverage updated hourlyData from ASX filings

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AI Analysis

Santos Limited currently maintains a strong position in the Australian energy market, with recent performance buoyed by high global gas prices. Key metrics include a market capitalization of A$22.9 billion and a long listing history since 1954. The company has been focusing on debt reduction and enhancing its operational efficiency.

Looking ahead, Santos' growth outlook is tied to the successful development of the Barossa LNG project and its strategic pivot towards lower-carbon energy solutions, including hydrogen and carbon capture, storage, and utilization (CCSU) technologies. Upcoming catalysts include project sanctioning decisions and progress updates on its lower-carbon initiatives.

Bull Case

  • Successful execution of the Barossa LNG project could significantly boost production and revenues.
  • Growing demand for LNG, particularly in Asia, could continue to support high prices beneficiary to Santos.
  • Early mover advantage in adopting lower-carbon energy technologies in the Australian market.

Bear Case

  • Delays or cost overruns in the Barossa project could impact profitability and investor confidence.
  • Volatility in global energy prices, especially if gas prices decline substantially, affecting revenue stability.
  • Regulatory pressures or community backlash against fossil fuel operations could increase operational hurdles.

Recent Announcements

Santos announces first Barossa LNG cargo

26 Jan 2026Progress Report

Change in substantial holding

26 Jan 2026Substantial Holder

2025 Santos Fourth Quarter Report

🚨 Price Sensitive
21 Jan 2026Price Sensitive

The fourth quarter report by Santos (STO) on the ASX for 2025 details financial performance, strategic initiatives, and outlook. Investors should review profitability trends, capital expenditure plans, and growth prospects in LNG projects to assess potential

Notification of cessation of securities - STO

14 Jan 2026Capital Structure

Notification regarding unquoted securities - STO

14 Jan 2026Capital Structure

FAQs

What does STO do?

Santos Limited explores, produces, and markets oil and gas, with a focus on LNG, across Australia and Southeast Asia.

Is STO a good investment?

STO offers a stable dividend yield and growth potential through new projects, but investors must weigh these against the volatility of energy prices and the sector's environmental challenges.

What drives STO's share price?

Key drivers include global LNG prices, project development milestones, regulatory changes affecting the energy sector, and the company's progress in transitioning to lower-carbon energy solutions.