Santos (ASX:STO) has announced a record annual sales revenue of US$1.9B in the fourth quarter of last year, bringing 2022 sales revenue to a record US$7.8B, up 65% on the prior year.
Santos also reported a record annual free cash flow of about US$3.6B, more than double the level in 2021.
It also says fourth quarter production of 25.6 mmboe was slightly lower than the third quarter, primarily due to reduced domestic gas volumes in Western Australia following unplanned maintenance at John Brookes.
Following the announcement, shares of Santos dropped 2%.