Adnoc Submits $19-Billion Takeover Bid for Santos

Adnoc, a subsidiary of the Abu Dhabi government, has submitted a takeover bid for Santos, an Australian liquefied natural gas (LNG) producer. The bid is valued at $19 billion.

Bid Details

• The bid is a takeover offer for Santos, an LNG producer with a significant presence in the energy sector.
• The bid value is $19 billion.

Santos’ Recent Performance

Santos’ stock price has experienced fluctuations over the past year. Key milestones include:

• 52-week high: $8.18 AUD (July 2024)
• Low: $5.20 AUD (April 2025)
• Price-to-earnings ratio: 13.39
• Price-to-book ratio: 1.05