Australian oil and gas firm Santos reports a 14.3% Q1 revenue dip to $1.39B due to lower production and reduced LNG volumes.

Santos, an Australian oil and gas firm, reported a 14.3% dip in first-quarter revenue to $1.39B due to lower production and reduced LNG volumes, partly offset by increased prices. Production decreased to 21.8 million barrels of oil equivalent, and sales volume fell to 23.2 million barrels from 23.8 million in the previous year. Despite the decline, the company achieved strong free cash flow of $692M during the quarter.

April 18, 2024
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