Companies & Finance

Santos boosts revenues by 15% in Q2

Santos increased its revenues by 15.2% year on year in Q2 2018.
By Staff reporter 19 July 2018 0 31819

Santos increased its revenues by 15.2% year on year in Q2 2018, to $886 million, thanks to stronger commodity prices and improved oil sales, the Australian company said on Thursday.

The strong growth came despite a two-month outage at the PNG LNG plant in Papua New Guinea following an earthquake in February combined with planned shutdowns at the Moomba facility and Darwin LNG, which reduced the company’s Q2 oil and gas output by 3.4% year on year, to 14.2 million...