Santos Ltd
STO
Company Profile
Business description
Santos was founded in 1954. The company's name is an acronym for South Australia Northern Territory Oil Search. The first Cooper Basin gas discovery came in 1963, with initial supplies in 1969. Santos became a major enterprise, though over-reliance on the Cooper Basin, along with the Moomba field's inexorable decline, saw it struggle to maintain relevance in the first decade of the 21st century. However, the stage was set for a renaissance via conversion of coal seam gas into LNG in Queensland and conventional gas to LNG in PNG.
Contact
60 Flinders Street
Ground Floor Santos Centre
AdelaideSA5000
AUST: +61 881165000
Sector
Energy
Stock type
Sensitive
Industry
Oil & Gas E&P
Fiscal Year End
31 December 2025
Employees
3,958
Stocks News & Analysis
stocks
Ask the analyst: Why does the Santos story need to end like this?
Santos’ disappointing returns over the past twenty years are mostly a result of bad timing. The timing of its potential departure from the ASX could also be unfortunate.
markets
Market Minute: Markets react to geopolitical tensions
Rising oil prices and steady interest rates dictated markets this week, prompting a shift from growth to defensive assets in Morningstar’s portfolios.
stocks
Our thoughts on takeover bid for ASX energy major Santos
Unless regulators step in, the ASX looks set to lose another icon.
Morningstar Investment Ideas
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