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Santos Ltd | 2024 Half Year Results Presentation | Kevin Gallagher | Page 1 of 11 | September 11, 2026

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Media enquiries Samantha Hutchinson +61 (0) 425 317 171 Samantha.Hutchinson@santos.com Investor enquiries Brian Massey +61 8 8116 7354 | +61 (0) 432 099 391 Brian.Massey@santos.com Santos Limited ABN 80 007 550 923 GPO Box 2455, Adelaide SA 5001 T +61 8 8116 5000 | F +61 8 8116 5131 santos.com Page 1 ASX / Media Release 21 August 2024 Strong cash flow from operations, record half-year dividend, strong project delivery Summary • Strong free cash flow from operations 1 US$1.1 billion (down 5%) • Record interim dividend of US$422 million (49% increase). US13 cents per share unfranked • Stable production of 44 million barrels of oil equivalent (down 2%) • Robust sales revenue of US$2.7 billion (down 9%) • Strong delivery of major projects: o Moomba CCS in final stages of commissioning o Barossa nearing 80% complete, on track for Q3 2025 o Pikka phase one nearing 60% complete, first oil expected H1 2026 • 2024 guidance remains unchanged Santos today announced its half-year results for 2024, reporting sales revenue of US$2.711 billion, EBITDAX of US$1.846 billion, underlying profit of US$654 million, strong free cash flow from operations of US$1.068 billion and a record interim dividend of US13.0 cents per share (unfranked). Managing Director and Chief Executive Officer Kevin Gallagher said Santos has delivered strong cash returns from its operating business as a result of its high-performance culture, disciplined low-cost operating model and consistently prioritising safe and reliable operations. “Today’s results demonstrate the capability of Santos to generate strong cash flow from operations, deliver significant progress on major projects and deliver competitive, reliable shareholder returns. The disciplined low-cost operating model underpins our business, and we continue to manage our cost base to be resilient through all scenarios and price cycles. We remain focused on delivering our major growth projects with Moomba carbon capture and storage (CCS) phase one in the final stages of commissioning, Barossa is on schedule to come online within the next year and Pikka in 1H 2026. “Our base business continues to deliver record reliability in PNG, the Angore wells are on track to come online later this year, Queensland coal seam gas is achieving record production rates, and in WA we have safely and efficiently delivered a significant decommissioning program in the first half. The base business provides the foundation for reliable production and cash flows to support returns to our shareholders in accordance with our capital management framework,” Mr Gallagher said. “Phase one of the Moomba CCS project is in advanced commissioning with the pipeline being pressured up and CO2 to be introduced into the system imminently. The project remains on track for first injection and ramp up to full capacity this year. Phase one of Moomba CCS will be one of the lowest-cost CCS