What were Santos's second-quarter sales revenue and key price drivers according to the news?

Santos reported second-quarter sales revenue of $1.35 billion for the three months ended June 30, up from $1.29 billion a year earlier, driven by higher sales volumes from its Papua New Guinea liquefied natural gas project and stronger realised crude and condensate prices; elevated crude oil and LNG prices were sustained through much of the quarter due to the U.S.-Iran conflict, with crude prices easing only in June while LNG prices remained high owing to damaged Middle East facilities still offline.

How did Santos's average crude oil and condensate prices change year-on-year, and what was its revised annual production forecast?

Santos realised an average crude oil price of $120.33 per barrel in the quarter ended June 30, up from $71.17 per barrel a year earlier, while its average condensate price surged 70.5% to $112.11 per barrel; the company lowered its annual production volumes forecast to between 99 million barrels of oil equivalent (mmboe) and 105 mmboe, from its earlier guidance of 101–111 mmboe.

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