SYDNEY, Jan 20 (Reuters) - Santos Ltd STO.AX , Australia's second-largest independent gas and oil producer, reported a 26 percent rise in revenue for the fourth quarter of 2016, thanks to higher production and prices, and said it expects output to grow further in 2017.
Fourth-quarter revenue rose to $753 million from the same period a year earlier, with production up 1 percent to 15.0 million barrels of oil equivalent (mmboe), Santos said.
Annual sales rose to $2.59 billion, just beating analysts' forecasts of $2.56 billion, according to Thomson Reuters I/B/E/S. (Editing by Matthew Lewis)