Santos Posts Higher Q2 Total Production; Narrows 2026 Output Target

MT Newswires Live

Jul 23

Santos (ASX:STO) reported total production of 23.1 million barrels of oil equivalent (MMboe) in the second quarter ended June 30, up on last year's 22.2 MMboe, according to a Thursday filing with the Australian bourse.

Total production in the previous quarter was 22.5 MMboe, the filing said.

Additionally, the company updated its 2026 production guidance to 99 MMboe to 105 MMboe from 101 MMboe to 111 MMboe.

The company reaffirmed its capital expenditure guidance in the range of $1.95 billion to $2.15 billion, per the filing.

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