Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Financial Results | Capital Markets
Santos Sees Jump in 2014 Production, Profits; Talks Projects
Print
|
Santos today announced a 2014 underlying net profit of $533 million, up 6 per cent on the previous year.
Highlights: Production up 6% to 54.1 mmboe Sales revenue up 12% to $4 billion EBITDAX up 8% to $2,153 million Operating cash flow up 13% to $1,843 million PNG LNG start-up ahead of schedule with the project shipping 55 LNG cargoes in the year GLNG more than 90% complete and on track for first LNG in the second half of 2015, within budget Final dividend maintained at 15 cents per share, bringing the full-year dividend to 35 cents per share, up 5 centsAfter the previously advised non-cash after tax impairments of $1,563 million, the financial result for the year was a net loss of $935 million.
Commenting on the results, Managing Director and Chief Executive Officer David Knox said…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Fourth Quarter (4Q) Update News
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…
Permian Resources to Grow Production 6% in 2026
Permian Resources exited 2025 as the largest pure-play Delaware Basin operator with ~480,000 net acres and >105,000 net royalty acres. The company averaged 392.6 MBoe/d in 2025, including…
Endeavor Talks 2023 Development Program; Rigs, Frac Crews
Endeavor Energy Resources, announces financial and operating results for the three and twelve months ended December 31, 2022, and provides full-year 2023 outlook. Fourth Quarter 2022 (“4Q22”) Highlights…
Crescent Energy 4Q, Full Year 2022 Results; Maintenance Capital for 2023
Crescent Energy Company announced its financial and operating results for the fourth quarter and full year 2022 as well as its 2023 guidance. 2023 Outlook Crescent's 2023 outlook…
W&T Offshore Fourth Quarter, Full Year 2022 Results; 2023 Guidance
W&T Offshore, Inc. reported operational and financial results for the fourth quarter and full year 2022, including the Company's year-end 2022 reserve report. Guidance for 2023 was also…
Austral-Asia News
Chevron First Quarter 2023 Results
Chevron Corp. announced its first quarter 2023 results. Highlights Reported earnings of $6.6 billion; adjusted earnings of $6.7 billion Cash flow from operations of $7.2 billion; free cash…
Chevron Fourth Quarter, Full Year 2022 Results
Chevron Corp. reported its fourth quarter and full year 2022 results. Chevron reported earnings of $6.4 billion ($3.33 per share - diluted) for fourth quarter 2022, compared with…
Chevron Third Quarter 2022 Results
Chevron Corp. reported its third quarter 2022 results. Chevron reported earnings of $11.2 billion ($5.78 per share - diluted) for third quarter 2022, compared with $6.1 billion ($3.19…
Civeo Corp. Second Quarter 2022 Results; Raises Guidances
Civeo Corp. reported financial and operating results for the second quarter ended June 30, 2022. Bradley J. Dodson, Civeo's President and Chief Executive Officer, commented: "In the second…
Chevron Promotes Knowles to VP / Controller Role
Chevron Corp. announced the appointment of Alana K. Knowles as vice president and controller, effective March 1, 2023. Knowles will succeed David A. Inchausti, who will resign from…