Energy giant Santos has hit record-high sales revenue across the first half and raised its output target as the companyAfter coronavirus lockdowns sent prices of the fossil fuels crashing to multi-year lows during 2020, the gradual re-opening of economies and strengthening demand particularly in northern Asia have been boosting sales for Australia’s energy exporters.
“Our disciplined, low-cost operating model continues to drive strong performance with $US572 million of free cash flow generated in the first half, and the business remains on track to deliver a free cash flow break-even oil price of $US25 per barrel this year,” he said.Loading Santos also raised its full-year production target, saying it now expects to produce between 87 and 91 million barrels of oil equivalent in 2021, higher than its previous forecast of 84-91 million barrels.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: SkyNewsAust - 🏆 7. / 78 Lire la suite »