LNG Project Vital To Restore Santos' Fortunes

摘要

Australian oil and gas company Santos Limited reported a 19.0% y-o-y decrease in sales in the Q215, from AUD974.0mn (USD716.9mn) in Q214 to AUD786.0mn (USD578.5mn) in Q215. While sustained weakness in global oil prices will continue to weigh on the frm's earnings in the near term, we anticipate a gradual upturn in the company's performance over the coming years as its LNG project comes online.