Santos Could Become M&A Target Again After Mideast Lessons Learnt

Dow Jones

07/02

Lessons from the stifling of energy shipments through the Strait of Hormuz are likely to drive M&A activity in the oil and gas industry, says Macquarie. It expects producers of LNG to be particularly sought after. "Oil price normalization presents new opportunities for acquirers," Macquarie says. It notes Australia's Santos trades at a 14% discount to the mid-2025 offer from a consortium led by Abu Dhabi National Oil Co. unit XRG. "Any new approaches must be at a higher level now," Macquarie says. Santos is due to report 2Q metrics this month. Macquarie forecasts 2Q output of 23.7 million barrels of oil equivalent, slightly below consensus expectations for 24.3 million barrels. Quarterly revenue is projected to be US$1.55 billion. Santos ended Wednesday at A$7.19. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

July 01, 2026 19:10 ET (23:10 GMT)

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It expects producers of LNG to be particularly sought after. \"Oil price normalization presents new opportunities for acquirers,\" Macquarie says. It notes Australia's Santos trades at a 14% discount to the mid-2025 offer from a consortium led by Abu Dhabi National Oil Co. unit XRG. \"Any new approaches must be at a higher level now,\" Macquarie says. Santos is due to report 2Q metrics this month. Macquarie forecasts 2Q output of 23.7 million barrels of oil equivalent, slightly below consensus expectations for 24.3 million barrels. Quarterly revenue is projected to be US$1.55 billion. Santos ended Wednesday at A$7.19. 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It expects producers of LNG to be particularly sought after. \"Oil price normalization presents new opportunities for acquirers,\" Macquarie says. It notes Australia's Santos trades at a 14% discount to the mid-2025 offer from a consortium led by Abu Dhabi National Oil Co. unit XRG. \"Any new approaches must be at a higher level now,\" Macquarie says. Santos is due to report 2Q metrics this month. Macquarie forecasts 2Q output of 23.7 million barrels of oil equivalent, slightly below consensus expectations for 24.3 million barrels. Quarterly revenue is projected to be US$1.55 billion. Santos ended Wednesday at A$7.19. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 01, 2026 19:10 ET (23:10 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7507","symbol_name":"資源股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2648522370","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2648522370","pubTimestamp":1782947400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Lessons from the stifling of energy shipments through the Strait of Hormuz are likely to drive M&A activity in the oil and gas industry, says Macquarie. It expects producers of LNG to be particularly sought after. \"Oil price normalization presents new opportunities for acquirers,\" Macquarie says. It notes Australia's Santos trades at a 14% discount to the mid-2025 offer from a consortium led by Abu Dhabi National Oil Co. unit XRG. \"Any new approaches must be at a higher level now,\" Macquarie says. Santos is due to report 2Q metrics this month. Macquarie forecasts 2Q output of 23.7 million barrels of oil equivalent, slightly below consensus expectations for 24.3 million barrels. Quarterly revenue is projected to be US$1.55 billion. Santos ended Wednesday at A$7.19.  Dow Jones NewswiresJuly 01, 2026 19:10 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7507":"资源股","BK7142":"石油与天然气的勘探与生产","STO.AU":"SANTOS LIMITED"},"translate_title":"吸取中东教训后桑托斯可能再次成为并购目标","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STO.AU":0.9},"content_text":"Lessons from the stifling of energy shipments through the Strait of Hormuz are likely to drive M&A activity in the oil and gas industry, says Macquarie. It expects producers of LNG to be particularly sought after. \"Oil price normalization presents new opportunities for acquirers,\" Macquarie says. It notes Australia's Santos trades at a 14% discount to the mid-2025 offer from a consortium led by Abu Dhabi National Oil Co. unit XRG. \"Any new approaches must be at a higher level now,\" Macquarie says. Santos is due to report 2Q metrics this month. Macquarie forecasts 2Q output of 23.7 million barrels of oil equivalent, slightly below consensus expectations for 24.3 million barrels. Quarterly revenue is projected to be US$1.55 billion. Santos ended Wednesday at A$7.19. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 01, 2026 19:10 ET (23:10 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}