Santos commits to shareholder returns

Santos (ASX:STO) has announced an updated capital allocation framework. The company aims to return at least 60% of all-in free cash flow to shareholders from 2026. This follows significant investments in the Barossa and Pikka projects. Santos is enhancing shareholder value and supporting the global energy transition.

Santos' strategic outlook and growth plans

Santos is set to return a substantial portion of free cash flow to shareholders, prioritizing returns post-2026. The company targets storing 14 million tonnes of CO2e annually by 2040, supporting its goals for carbon emissions reduction. Major projects like Barossa and Pikka are progressing, with significant production expected by 2027. Santos leverages its LNG portfolio's strategic position in Asia, ensuring both competitive costs and emissions benefits. The company maintains a focus on sustainable operations and infrastructure development, aligned with global net-zero targets. With a strong balance sheet, Santos is poised for continued production and growth, emphasizing its commitment to shareholder value and sustainable energy practices.

Executive insights on Santos' strategic direction

Santos is committed to delivering strong shareholder returns while advancing our position in the energy transition. Our focus on carbon capture and storage, alongside robust project developments, positions us well for future growth.