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Santos' 2023 revenue down 24%

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Santos' 2023 revenue down 24%

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Natural Gas News
Santos' 2023 revenue down 24%

Summary

Sales volume was 96.4mn barrels of oil equivalent (boe), down 14% year/year. by: Shardul Sharma

Australian energy company Santos on January 25 reported a 24% year/year drop in revenue in 2023 attributed to lower LNG and oil prices. The c...

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Related Knowledge Center: ENERGY BASICS: petroleum

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While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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