Santos (ASX:STO) said it had proved plus probable reserves of 1.48 billion barrels of oil equivalent (boe) at the end of 2025, up 13 million boe from the prior year before production, according to a Wednesday filing with the Australian bourse.
The company also expects full-year 2025 revenue from contracts with customers of around AU$4.94 billion.
Shares were down nearly 1% in recent trading on Wednesday.
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.