HESTA questions Santos strategy as output guidance cut

A top-20 shareholder in Santos has raised questions about the oil and gas producer’s strategy and called for it to focus on delivering value to investors, just as the gas giant was forced to cut production guidance because of an eleventh-hour hitch at its biggest growth project.

HESTA chief executive Debby Blakey said the industry superannuation fund was “keeping a close eye” on developments at Santos, which she said had posed several questions for investors.

Source: https://www.afr.com/companies/energy/santos-cuts-output-guidance-on-hitch-at-barossa-gas-20251015-p5n2m8