Thursday 19 February 2015

Santos holds back on dividend hike as oil slump bites

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Oil and gas producer Santos reported a 6 percent rise in underlying profit for 2014, boosted by liquefied natural gas (LNG) sales from Papua New Guinea, but disappointed with its dividend as it looks to save cash amid an oil price slump.

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