5 Biggest Energy Companies in Australia for 2024

2. Santos Limited

Market Cap: $15.8 billion

Santos Limited operates as an energy company, engaging in the exploration, development, production, transportation, and marketing of hydrocarbons in Australia and Papua New Guinea. The company’s product portfolio includes crude oil, liquefied petroleum gas, ethane, coal seam gas, liquefied natural gas, condensate, and natural gas.

In January 2024, Santos Ltd.’s $5.8 billion Barossa offshore gas project received significant support as the Australian Federal Court dismissed a legal challenge initiated by a group of Tiwi Islanders. The challenge aimed to halt the construction of a key pipeline crucial for the project’s development.