ASX:STOOil and Gas
How Investors May Respond To Santos (ASX:STO) Profit Drop, Job Cuts And Steady Guidance
Santos Limited reported full-year 2025 net income of US$818 million, down from US$1,224 million a year earlier, affirmed a US$0.103 per-share final dividend for the half-year to December 31, 2025, and outlined plans to reduce its workforce by about 10% as major projects move into steady-state operations.
Alongside confirming unchanged 2026 production and sales guidance, Santos is tightening its cost base through headcount cuts while continuing to return cash to shareholders via...