Santos Management

Management criteria checks 3/4

Santos' CEO is Kevin Gallagher, appointed in Feb 2016, has a tenure of 8.75 years. total yearly compensation is $5.52M, comprised of 23.9% salary and 76.1% bonuses, including company stock and options. directly owns 0.061% of the company’s shares, worth A$13.10M. The average tenure of the management team and the board of directors is 1.8 years and 5.1 years respectively.

Key information

Kevin Gallagher

Chief executive officer

US$5.5m

Total compensation

CEO salary percentage	23.9%
CEO tenure	8.8yrs
CEO ownership	0.06%
Management average tenure	1.8yrs
Board average tenure	5.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kevin Gallagher's remuneration changed compared to Santos's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	US$1b
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$6m	US$1m	US$1b
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$6m	US$1m	US$2b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$1b
Mar 31 2022	n/a	n/a	US$1b
Dec 31 2021	US$6m	US$1m	US$658m
Sep 30 2021	n/a	n/a	US$472m
Jun 30 2021	n/a	n/a	US$286m
Mar 31 2021	n/a	n/a	-US$35m
Dec 31 2020	US$4m	US$1m	-US$357m
Sep 30 2020	n/a	n/a	-US$180m
Jun 30 2020	n/a	n/a	-US$3m
Mar 31 2020	n/a	n/a	US$336m
Dec 31 2019	US$5m	US$1m	US$674m
Sep 30 2019	n/a	n/a	US$794m
Jun 30 2019	n/a	n/a	US$914m
Mar 31 2019	n/a	n/a	US$772m
Dec 31 2018	US$4m	US$1m	US$630m
Sep 30 2018	n/a	n/a	US$440m
Jun 30 2018	n/a	n/a	US$250m
Mar 31 2018	n/a	n/a	-US$55m
Dec 31 2017	US$3m	US$1m	-US$360m

Compensation vs Market: Kevin's total compensation ($USD5.52M) is about average for companies of similar size in the Australian market ($USD4.40M).

Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.

CEO

Kevin Gallagher (59 yo)

8.8yrs

Tenure

US$5,519,950

Compensation

Mr. Kevin Thomas Gallagher, BEng (Mechanical) Hons, MAICD, FIEAust, served as Independent Non-Executive Director at Mineral Resources Limited since March 01, 2022 until March 2022. He has been the Chief Ex...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kevin Gallagher	MD, CEO & Director	8.8yrs	US$5.52m	0.061% A$ 13.1m
Anthony Neilson	Chief Commercial Officer	2.8yrs	US$1.50m	0.019% A$ 4.0m
Brett Darley	Executive Vice President of Eastern Australia & Papua New Guinea	6yrs	US$1.38m	0.0064% A$ 1.4m
Sherry Duhe	Chief Financial Officer	less than a year	no data	no data
Steven Trench	Executive VP of Operations & Technical Services	less than a year	no data	no data
Andrew Nairn	Group Executive of Investor Relations	16.8yrs	no data	no data
Michael Abbott	Group General Counsel and Executive VP of Environment & Governance	1.3yrs	no data	no data
Kim Lee	Executive Vice President of People & Brand	1.8yrs	no data	no data
Nick Fox	Head of Environment & Access	no data	no data	no data
Vince Santostefano	Executive Vice President of Western Australia	1.2yrs	US$1.64m	no data
Bruce Dingeman	Executive Vice President of Alaska	2.7yrs	no data	no data
Tracey Winters	Chief Strategy Officer & Chief of Staff	less than a year	no data	no data

1.8yrs

Average Tenure

Experienced Management: STO's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Kevin Gallagher	MD, CEO & Director	8.8yrs	US$5.52m	0.061% A$ 13.1m
Keith Spence	Independent Non-Executive Chairman	6.8yrs	US$372.94k	0.0037% A$ 789.9k
Yasmin Allen	Independent Non-Executive Director	10.1yrs	US$182.71k	0.0015% A$ 322.4k
Vickki McFadden	Independent Non-Executive Director	less than a year	no data	0.00080% A$ 170.8k
Vanessa Guthrie	Independent Non-Executive Director	7.3yrs	US$166.10k	0.0012% A$ 258.3k
Musje Werror	Independent Non-Executive Director	2.9yrs	US$149.49k	0.00055% A$ 117.4k
Michael Utsler	Independent Non-Executive Director	2.5yrs	US$149.49k	0.0012% A$ 262.6k
Janine McArdle	Independent Non-Executive Director	5.1yrs	US$166.10k	0.0015% A$ 328.8k
John Lydon	Independent Non-Executive Director	less than a year	no data	0.0020% A$ 420.6k

5.1yrs

Average Tenure

63yo

Average Age

Experienced Board: STO's board of directors are considered experienced (5.1 years average tenure).

Santos Management

Management criteria checks 3/4

Key information

Recent management updates

Santos Limited Announces Chief Financial Officer Changes

Santos Limited, Annual General Meeting, Apr 11, 2024

Santos Limited Announces Company Secretary Changes

MD, CEO & Director recently sold AU$4.7m worth of stock

Santos Limited Announces Resignation of Jodie Hatherly as Company Secretary, Effective 31 July 2023

Independent Non-Executive Director recently bought AU$78k worth of stock

Recent updates

Kumul Petroleum Holdings Limited acquired 2.6% stake in PNG LNG Inc. from Santos Limited (ASX:STO) for approximately $600 million.

Santos Limited Announces Chief Financial Officer Changes

Timor GAP, E.P. agreed to acquire 16% stake in Bayu-Undan upstream project from Santos Limited (ASX:STO), Tokyo Timor Sea Resources Pty Ltd, Eni S.p.A. (BIT:ENI), Inpex Corporation (TSE:1605) and SK E&S Co., Ltd.

First half dividend of US$0.13 announced

Santos Limited Announces Estimated Ordinary Dividend for the Six Months Ended June 30, 2024, Payable on September 25, 2024

First half 2024 earnings released: EPS: US$0.20 (vs US$0.24 in 1H 2023)

Santos, Repsol Reportedly Explore Sale of Stakes in Alaska Oilfields

Santos Limited Announces Actual Ordinary Fully Paid Dividend for the Six Months Ended December 31, 2023, Payable on March 27, 2024

Final dividend of US$0.17 announced

Full year 2023 earnings released: EPS: US$0.43 (vs US$0.63 in FY 2022)

Woodside Energy Says Merger Talks with Santos Collapsed

Santos Limited, Annual General Meeting, Apr 11, 2024

Santos Limited Announces Company Secretary Changes

Woodside Energy Response to Media Speculation

Now 20% undervalued after recent price drop

Santos Limited to Report Q4, 2023 Results on Jan 25, 2024

MD, CEO & Director recently sold AU$4.7m worth of stock

Santos Limited Announces Dividend for the Six Months Ended June 30, 2023 Payable on September 28, 2023

CPC Reportedly Set for Dorado Stake

First half 2023 earnings released: EPS: US$0.24 (vs US$0.35 in 1H 2022)

Santos Limited Announces Estimated Ordinary Dividend for the Six Months Ended June 30, 2023, Payable on September 28, 2023

Santos Reportedly Shortlists Bidders for Dorado Project

Santos Limited Announces Resignation of Jodie Hatherly as Company Secretary, Effective 31 July 2023

Santos Limited Announces John Brookes Resumes Production

Santos Limited Announces Temporary Shutdown of John Brookes Platform

Santos Limited Provides Production Guidance for the Fiscal Year 2022 and 2023

Kumul Petroleum Holdings Limited made a binding conditional offer to acquire 5% stake in PNG LNG project from Santos Limited (ASX:STO)

Independent Non-Executive Director recently bought AU$78k worth of stock

First half 2022 earnings released: EPS: US$0.35 (vs US$0.17 in 1H 2021)

Santos Limited Announces Ordinary Dividend for the Financial Reporting or Payment Period Ended June, 30, 2022, Payable on September 22, 2022

Santos Limited (ASX:STO) acquired Hunter Gas Pipeline Pty Ltd.

Now 21% undervalued

Independent Non-Executive Director recently bought AU$83k worth of stock

Independent Non-Executive Director recently bought AU$101k worth of stock

Santos Limited (ASX:STO) announces an Equity Buyback for $250 million worth of its shares.

MD, CEO & Director recently sold AU$2.9m worth of stock

Independent Non-Executive Director recently bought AU$100k worth of stock

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Santos Limited Announces Ordinary Dividend for the Six Months Ended December 31, 2021, Payable on March 24, 2022

First half 2021 earnings released: EPS US$0.17 (vs US$0.14 loss in 1H 2020)

SK E&S Co., Ltd. completed the acquisition of 25% stake in Darwin LNG and BayuUndan from Santos Limited (ASX:STO).

Santos Restarts Production from the Ningaloo Vision Floating Production Storage and Offloading Vessel Following Scheduled Maintenance in Singapore

Non-Executive Director has left the company

An unknown buyer acquired a 5.15% stake in Santos Limited (ASX:STO) from ENN Group International Investment Limited for approximately AUD 790 million.

Santos Limited Announces Resignation of Mr. Eugene Shi from Board

New 90-day high: AU$7.74

MD, CEO & Director recently sold AU$2.4m worth of stock

Full year 2020 earnings released: US$0.17 loss per share (vs US$0.32 profit in FY 2019)

Revenue misses expectations

Santos Limited to Report Q3, 2021 Results on Oct 21, 2021

Santos Limited, Annual General Meeting, Apr 15, 2021

Eni Reportedly Dumps Oil and Gas Exit as Bids Fall Short

New 90-day high: AU$6.95

Bayu-Undan Announces Infill Development Final Investment Decision

Santos Limited Announces Board Changes

New 90-day high: AU$6.55

Santos Signs New Gas Deal with Kleenheat

New 90-day low: AU$4.67

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age