Finance

Adnoc's XRG calls off $18.7 billion Santos acquisition

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/Singapore
Published 17 September 2025, 11:53Updated 18 September 2025, 01:14
ADNOCSantosAbu DhabiUAESultan Ahmed Al Jaber