Santos Limited (AU:STO) has released an update.
Santos Limited has reported a triumphant financial year in 2023, with a strong free cash flow of over $2.1 billion and a significant reduction in gearing to 18.4%, signaling a robust balance sheet. Their disciplined approach has resulted in a record $852 million returned to shareholders, reflecting the company’s commitment to delivering shareholder value and maintaining a promise to return at least 40% of operational free cash flow to investors.
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