新奥股份：Santos2020年半年度报告公告（原文）.PDF

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1、 Media enquiries James Murphy+61(0)478 333 974 Investor enquiries Andrew Nairn+61 8 8116 5314/+61(0)437 166 497 Santos Limited ABN 80 007 550 923 GPO Box 2455,Adelaide SA 5001 T+61 8 8116 5000 F+61 8 8116 5131 Page 1 of 2 20 August 2020 Santos reports 2020 half-year results Half-year(US$m)20202019Ch

2、angeProduct sales 1,6681,974-16%EBITDAX1 995 1,260-21%Underlying profit1 212 411-48%Net(loss)/profit after tax(289)388-174%Free cash flow1 431 638-32%Interim dividend(UScps)2.1 6.0-65%Santos today reported first half free cash flow of US$431 million and underlying profit of US$212 million.The result

3、s reflect significantly lower oil prices compared to the previous first-half due to the impact of COVID-19 on global oil demand.The reported net loss after tax of US$289 million includes the previously announced non-cash impairment due to revised oil price assumptions.The Board has resolved to pay a

4、n interim dividend of US2.1 cents per share fully-franked,in line with the companys sustainable dividend policy which targets a range of 10%to 30%payout of free cash flow.Given the ongoing uncertain economic impact of COVID combined with the lower oil price environment,the Board determined it was pr

5、udent on this occasion to set the interim dividend at the lower end of the target payout range.The Board will review the payout again when it considers the final dividend in February.Santos Managing Director and Chief Executive Officer Kevin Gallagher said the first half of 2020 had delivered record

6、 production volumes and strong free cash flow,despite the significantly lower oil prices.“These results again demonstrate the resilience of our cash-generative operating model in a lower oil price environment and strong operational performance across our diversified asset portfolio.Completion of the