Australia's Santos targeting 10% job cuts to reduce costs

February 17, 2026 5:48 PM EST

FILE PHOTO: A Santos logo is visible outside their headquarters in Adelaide, Australia, September 18, 2025. REUTERS/Hollie Adams/File Photo

Feb ‌18 (Reuters) - ​Australian ​oil ‌and gas producer ⁠Santos ‌Ltd said on ‌Wednesday it was ​targeting a ⁠headcount reduction ​of around 10% to cut ​costs, ‌as it ⁠reported a ⁠full-year underlying profit ​that missed market expectations.

(Reporting ‌by Sameer ‌Manekar ⁠in ‌Bengaluru; Editing ​by Sriraj ‌Kalluvila)



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