Get all your news in one place.
100's of premium titles.
One app.
Start reading
AAP
AAP
Business
Marion Rae

EXPLAINED: Santos annual profit shrinks as gas oil prices deflate | Vintage Vibes

Santos chief Kevin Gallagher says work has resumed on Barossa after legal challenges. (Matt Turner/AAP PHOTOS)

Gas giant Santos insists it's looking at options to reward shareholders after terminating merger talks and reporting a sharply lower annual profit amid lower commodity prices and inflation pressures.

Shares in Santos eased five cents to $7.35 in afternoon trade on Wednesday, trimming earlier losses after it revealed a 42 per cent slide in underlying profit for 2023.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.