Geopolitical tensions drive strong profit and dividends for oil refiner.

Supply disruptions turbocharge refining profits and lift earnings forecasts for ASX energy share.

Pricing strength outweighs temporary production headwinds.

Record volumes, lower costs and reduced debt underpin a stronger earnings outlook for ASX miner.

Near-term hurdles, long-term upside.

Lower volumes due cyclone activity but revenues hold steady.

Improving pricing offsets severe weather impact on sales volumes.

Santos reports a solid quarter on the back of higher commodity prices - yet the shares look undervalued.

High debt levels and low commodity prices were a concern, but agreed sell-downs and a ramp-up of key operations should help.

Shares surged after the announcement of first half fiscal 2026 guidance.