If there’s a phrase Santos chief Kevin Gallagher wants etched on his tombstone, it might be “disciplined, low-cost operating model”.
He cited it (again) in the gas major’s August half-year results, saying the DLCOM “underpins our business”, allowing it to manage the cost base through “all scenarios and price cycles”.
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
