Overview

• 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.