Stock Market News
Australia’s Santos announces $250 million share buyback, targets higher returns
2022.04.20 02:36
FILE PHOTO: A sign for Santos Ltd is displayed on the front of the company’s office building in the rural township of Gunnedah, located in north-western New South Wales in Australia, March 9, 2018. REUTERS/David Gray
(Reuters) – Australia’s Santos Ltd announced an on-market share buyback worth up to $250 million on Wednesday as part of a new capital framework targeting higher shareholder returns amid surging commodity prices.