May 05, 2026 (The Australian - ABIX via COMTEX) --
Santos CEO Kevin Gallagher has cautioned against further federal government intervention in response to the Iran war-induced energy crisis. He has told the Macquarie Australia Conference that it would be an "act of self-harm" to impose an additional tax burden on the oil and gas industry, arguing that the sector already contributes via royalties and the petroleum resource rent tax. Gallagher also warned that supply disruptions and elevated risk across global energy markets will persist for some time; he noted that the "unprecedented" release of strategic petroleum reserves globally will result in ongoing volatility as governments rebuild their stockpiles..
Publication Date: 6 May 2026
SANTOS LIMITED - ASX STO
COMTEX_478600895/2229/2026-05-05T20:46:17
By Colin Packham
Copyright 2026 Roy Morgan Research. All Rights Reserved.
