Insight
Strategy update: Santos 2022 Investor Briefing
Report summary
Santos unveiled a refreshed strategy at its investor briefing on 8 November 2022, including the roll-out of its Santos Energy Solutions division, providing greater corporate focus on long-term decarbonisation and clean fuel ambitions. But it was visibility on near-term targets that caught investors off-guard, with the market reacting negatively to a production downgrade and an increase in capital spend in its 2023 guidance. Santos’ shares closed 5% down on the day.
Table of contents
- Executive summary
- Strategy evolves: ‘Backfill and sustain, decarbonise, clean fuels’
- 2023 guidance disappoints on unexpected underperformance
- Financial strength leading to calls for increased returns
- Growth project updates
Tables and charts
This report includes 4 images and tables including:
- Santos Energy Solutions overview
- Santos production outlook
- Santos: corporate cash flow breakeven
- Santos upstream capex outlook
What's included
This report contains:
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