Woodside Energy and Santos Terminate Merger Talks

The discontinuation of merger discussions between Woodside Energy and Santos leaves both companies to pursue independent futures.

Merger talks between Woodside Energy and Santos, aimed at creating a global oil and gas giant, have been discontinued.
The talks, which could have resulted in a $52.22 billion merger, ended without an agreement on valuation.
Following the announcement, Santos shares fell up to 8.6%, while Woodside's shares rose by as much as 2.5%.
Woodside's CEO emphasized the potential for value creation in the global LNG sector despite the halted negotiations.
The decision to terminate the talks was influenced by Woodside's focus on shareholder value and reluctance to pay a premium for Santos.