The Santos Ltd (ASX: STO) share price is up 0.54% during afternoon trade on Wednesday.
Shares in the S&P/ASX 200 Index (ASX: XJO) oil and gas stock closed yesterday trading for $7.40. Shares are currently changing hands for $7.44 apiece.
Despite today's boost, the Santos share price remains down 9% over the past 12 months.
When we factor in the 33 cents in dividends the company paid out over the past year, the stock's accumulated value is down 3.5%.
Could this boost the ASX 200 energy stock's fortunes?
The Santos share price could get a boost from an executive level organisational restructure, which the company says will give it a stronger regional focus.
Alan Stuart-Grant has been appointed executive vice president, Santos Energy Solutions, commencing 1 August. Stuart-Grant previously served as executive general manager, growth and development at Ampol.
Santos also announced three other executive shakeups.
Brett Woods was appointed executive vice president for Western Australia, Northern Australia and Timor-Leste. Woods' region encompasses Santos' $5.8 billion Barossa gas project, located in the Timor Sea.
Meanwhile, Brett Darley was appointed executive vice president for Eastern Australia and Papua New Guinea. Darley's turf includes the $3.6 billion Narrabri gas project, located in New South Wales.
And finally, David Banks was appointed executive vice president Upstream Gas and Liquids Division.
Santos said, "The updated structure provides a regional operating model with a strong local focus."
As for the impact on the Santos share price, Credit Suisse energy analyst Saul Kavonic sounded underwhelmed.
"It is the latest organisation reshuffle in the perpetual sequence of executive and organisational changes over the last five years," Kavonic said (quoted by The Australian).
Kavonic added:
Santos is now attempting to build two multibillion-dollar projects at the same time, despite not having ever done one before, with the exception of Gladstone LNG which was hardly a success.
Santos share price snapshot
Although the Santos share price is down over the past 12 months, the ASX 200 energy share has gained 4% so far in 2023.
