Santos Ltd

STO: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Santos: Challenges During Final Stages of Commissioning of Barossa and Pikka Projects

Mark Taylor

Jul 23, 2026

Australian hydrocarbon producer Santos reported a 3% increase in second-quarter 2026 production to 23.1 million barrels of oil equivalent. Revenue rose 6% to USD 1.35 billion, with an 8% jump in average prices more than offsetting softer volumes due to lower third-party sales.

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Santos Ltd

Santos: Challenges During Final Stages of Commissioning of Barossa and Pikka Projects

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