Santos: Result 2015

Lower oil prices were always going to hurt and they have. Santos is in trouble.

Before announcing its full-year results, Santos acknowledged it had not anticipated the depths of the oil price slump. There is no shame in that; neither did any other producer in the world or, for that matter, did we. Yet other oil producers, although pained, haven’t been as crippled as Santos.

Origin Energy, for example, appears in far better shape. So why has Santos been hit so hard? In our view, it isn’t the crisis itself that has hurt most, it is the reaction of management.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles