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Australia's Santos bullish on prices after reaping record revenue
Jan. 20, 2022
Source: Reuters

Australia's Santos bullish on prices after reaping record revenue

MELBOURNE, Jan 20 (Reuters) - Australian gas producer Santos Ltd (STO.AX) booked record sales revenue for 2021, pumped up by soaring oil and gas prices, and expects to reap big gains following its $6.2 billion takeover of Oil Search amid a surging energy market. After approaching Oil Search with an offer in the middle of last year, seeking to put together a top-20 global company that could weather the transition to cleaner energy, oil and gas prices have strengthened and beefed up the value of the deal.

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