Finance

Adnoc's XRG calls off $18.7 billion Santos acquisition plan

XRG-led consortium withdraws offer for Santos and says it will not proceed with a binding offer

Adnoc chief executive and XRG executive chairman Sultan Ahmed Al Jaber.
Adnoc chief executive and XRG executive chairman Sultan Ahmed Al Jaber.Photo: CERAWEEK BY S&P GLOBAL
New Delhi/Oslo/London
Published 17 September 2025, 11:53Updated 17 September 2025, 15:18
ADNOCSantosAbu DhabiUAESultan Ahmed Al Jaber