(Bloomberg) -- Santos Ltd., Australia's third-
biggest oil and gas producer, said second-quarter revenue fell
8.3 percent as the rising Australian dollar reduced the value of
exports and some shipments fell outside the period.
Sales fell to A$633.8 million ($562 million) in the three
months ended June 30, from A$691.5 million a year earlier, the
Adelaide-based company said in a statement to the Australian
Stock Exchange. Production rose 4.7 percent to the equivalent of
15.6 million barrels of oil, a record for the second quarter, and
sales volumes fell 4.9 percent to 15.4 million barrels.
Read more at Bloomberg Energy News
biggest oil and gas producer, said second-quarter revenue fell
8.3 percent as the rising Australian dollar reduced the value of
exports and some shipments fell outside the period.
Sales fell to A$633.8 million ($562 million) in the three
months ended June 30, from A$691.5 million a year earlier, the
Adelaide-based company said in a statement to the Australian
Stock Exchange. Production rose 4.7 percent to the equivalent of
15.6 million barrels of oil, a record for the second quarter, and
sales volumes fell 4.9 percent to 15.4 million barrels.
Read more at Bloomberg Energy News
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