Santos Limited (ASX: STO) in 2025: Share Price, ADNOC Deal Collapse and Barossa LNG Shape the Outlook
Santos shares traded at A$6.41 on 10 December 2025, down about 3% for the year, with a market cap near A$21 billion. The company’s stock fell sharply in September after ADNOC’s US$18.7 billion takeover bid collapsed, erasing the takeover premium. Santos now trades at 13.4 times earnings and a price-to-book of 0.87. It ranks third among ASX energy stocks by market index.