Jan 23 (Reuters) - Australian oil and gas producer Santos STO.AX on Thursday forecast higher fiscal 2025 production on the back of higher sales volumes recorded in the fourth quarter.
The country's no. 2 independent gas producer expects 2025 output between 90 million and 97 million barrels of oil equivalent (mmboe), compared with its 2024 output of 87.1 mmboe.
That compares with Visible Alpha consensus of 89.9 mmboe.
(Reporting by Rajasik Mukherjee and Shivangi Lahiri in Bengaluru; Editing by Shailesh Kuber)
((Shivangi.Lahiri@thomsonreuters.com; Rajasik.Mukherjee@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.