Santos Ltd (ASX:STO) is one of Australia’s largest oil and gas companies. Founded in the 1950’s, Santos owns and operates one of Australia’s largest portfolios of oil and gas fields, connected by extensive pipelines and complementary facilities.
The Santos Ltd (ASX: STO) share price was trading 7.52% higher today following the release of its quarterly update.
What’s going on with the oil price right now? Marcus Padley explains why he still owns some ASX oil and gas shares and might look to re-buy in time.
The share prices of Oil Search (ASX:OSH) and Santos (ASX:STO) are flying today.
The S&P/ASX 200 (ASX:XJO) has gone nuts in recent days. It’s up another 3.3% right now.
The S&P/ASX 200 (ASX: XJO) Australian share market index ended Monday’s trading session down a jaw-dropping 9.7%. Of course, this follows falls of 20% already this year.
The S&P/ASX 200 (ASX:XJO) is expected to trade down today with the Sydney Futures Exchange pointing to a negative open.
Santos Ltd (ASX: STO) shares are a focus on the Australian share market today after the oil and gas company upgraded its long-term production forecasts.
The Santos Ltd (ASX:STO) share price is trading 1% higher this morning after announcing a record quarterly production of barrels of oil equivalent.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.77% at lunch.
