Santos Limited announced the first-quarter report

Santos Limited (ASX: STO) announced its first quarter results as follows:

• The company's sales revenue of US$1.6 billion in the first quarter was lower than the previous quarter, owing primarily to reduced domestic gas sales from Western Australia, offset by higher crude oil and condensate volumes due to lifting timing.
• The first quarter's output of 22.2 mmboe was lower than the previous quarter, owing mostly to lower domestic gas volumes in Western Australia, which were supplemented by prolonged production from the Bayu-Undan field.
• The company had free cash flow in the first quarter of over 720 million US dollars.
• At the end of the March, the company has completed US$466 million of announced US$700 million on-market share buyback.

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