Santos (ASX:STO) has delivered another solid quarter of 22.2 mmboe production, cash flow generation of $US720M, and sales revenue of $US1.6B in the first quarter of this year.
Santos says even production was lower than the primary quarter due to reduced domestics gas volumes in Western Australia, but supported by extended production from the Bayu-Undan field.
It also reported a free cash flow of around $US720M in the first quarter, and also completed a $US466M of an announced $US720M on-market share buyback at the end of March.
Its MD and CEO, Kevin Gallagher says despite the uncertain external environment, Santos continues to perform strongly against the backdrop of regulatory and economic uncertainty.