Santos (ASX:STO) production 7% higher than the second quarter - Sequoia Direct Pty Ltd

17OctOctober 17, 2019

Santos (ASX:STO) production 7% higher than the second quarter

Santos (ASX:STO) released their third quarter activities report showing record production and sales volumes and the second highest quarterly sales revenue on record.

19.8 Million Barrels of Oil Equivalent was a record for Santos and 32 per cent up on the corresponding quarter.

Production was 7 per cent higher than the second quarter with higher production from all Australian assets.

Record sales volumes of 25.2 Million Barrels of Oil Equivalent were 25 per cent higher than the corresponding quarter.

Sales revenue of over $1 billion was the second highest quarterly revenue on record.

Shares in Santos (ASX:STO) closed 1.3 per cent higher at $7.79.

Copyright 2019 – Finance News Network

Source: Finance News Network

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