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 benchmark S&P/ASX200 (INDEXASX: XJO) index managed to finish 14.6 points, or 0.2%, higher at 7206.9, with the broader All Ordinaries (INDEXASX: XAO) index tracking that rise in percentage terms, adding 15.1 points to 7402.9.
The local share market weakened again on Wednesday, with the All Ordinaries (INDEXASX: XAO) down 0.7% and the S&P/ASX 200 (ASX: XJO) falling 0.8% as seven sectors fell by more than 1%.
The S&P/ASX 200 (INDEXASX: XJO) ended mostly flat on Friday. Here’s some of the key points you missed from ASX 200 trading this week.
A post-result bounce in the Commonwealth Bank of Australia (ASX: CBA) share price helped lift the Australian share market on Wednesday.
Investors looking for exposure to ASX energy shares have undoubtedly asked themselves which company is better placed to generate superior returns – Woodside Energy Group Ltd (ASX: WDS) or Santos Ltd (ASX: STO).
The Australian share market or S&P/ASX 200 (INDEXASX: XJO) is expected to open higher on Tuesday, according to SPI 200 futures contracts in Sydney.
The Santos Ltd (ASX:STO) share price is in the red even though the ASX oil and gas share just revealed a major upgrade to its payouts.
The S&P/ASX200 (INDEXASX: XJO) gained another 0.4 per cent on Tuesday with a broad-based rally managing to overcome a selloff in the energy sector. The staples and utilities sectors were strongest gaining 1.3 and 1.4 per cent, with healthcare and financials not far behind. Energy, however, fell by more than 2.3 per cent on a weaker oil price and talk of further intervention.
The S&P/ASX200 (INDEXASX: XJO) rose 0.3% on Wednesday as the Megaport Ltd (ASX: MP1) share price dived and Pilbara Minerals Ltd (ASX:PLS) share price rises.
