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Santos reports 13% drop in sales revenue in Q1

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Santos reports 13% drop in sales revenue in Q1

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Natural Gas News
Santos reports 13% drop in sales revenue in Q1

Summary

The sales revenue was lower due to lower production, sales volume and realised oil price. by: Shardul Sharma

Australian energy producer Santos on April 20 reported a 13.3% year/year drop in sales revenue in Q1 owing to lower production, sales volume and realised oil price. The company’s reven...

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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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