finance.yahoo.com

Santos Raises Papua LNG Stake as ExxonMobil Becomes Operator

Exxon Mobil logoExxon Mobil
Sig4.62Sen+2.95Env-2.86Soc0.00Gov+0.85
Santos logoSantos
Sig3.22Sen+3.55Env-1.18Soc0.00Gov+0.82

Santos is increasing its stake in the planned Papua LNG development as part of a restructuring in which ExxonMobil takes over operatorship from TotalEnergies. Santos expects its share of Papua LNG output to rise by about 19% to roughly 1.2 million tonnes per year. TotalEnergies will transfer operatorship and sell a 9.1% interest, leaving TotalEnergies with 20% and ExxonMobil with 34.1%, boosting execution synergies with Exxon’s nearby PNG LNG project and improving project economics.

Coverage (1)

ABOUT

What is Fimmer?

Most feeds treat all company headlines the same. An executive interview, an office closure, stock analysis, and a data breach can sit side by side with no sense of scale. Fimmer ranks coverage by what matters, so important events stand out and signals are prioritised over noise. We cluster related company news and score each story using a range of metrics, so you see the most crucial stories first.

SCORING

What do the scores mean?

Significance (0–10) measures the scale of the real-world impact. Sentiment and ESG (−10 to +10) indicate the tone of the coverage and whether the change relates to environmental, social, or governance factors. Together, these scores help distinguish meaningful developments from routine company news. More information about our scoring methodology can be found on our About page.

DISCOVERY

Explore more on Fimmer

Search more than 10,000 public companies, browse the company index, explore their scores, and read the coverage behind them, with our core features available to everyone for free.

For more advanced features, Pro gives you access to dynamic feeds, custom sorting, and more ways to track the companies that matter to you.

More with Pro