Australia’s energy major Santos reported net earnings of $1.42 billion for 2024, a drop of 42% on 2022, which was a deeper one than analysts polled by Reuters had expected. The company’s stock declined following the financial report, as it also said its revenues had declined substantially in 2023 as had earnings before interest, tax, depreciation, depletion, exploration, evaluation, and impairment. Cash flow was also down substantially, by 42%. A certain decline in financial performance last year was expected…
