Western oil's first-quarter performance exceeded expectations, with average daily oil and gas production increasing by 19% year-on-year.

Western Oil released its first-quarter performance, with revenue of 6.84 billion US dollars, slightly higher than the market's expectation of 6.71 billion US dollars; basic profit reached 766 million US dollars, a year-on-year increase of 6.7%; adjusted earnings per share were 0.87 US dollars, higher than the market's expectation of 0.77 US dollars. Western Oil stated that its daily average oil and gas production in the previous quarter was 1.39 million barrels of oil equivalent, a 19% increase year-on-year; the average realized oil price increased by 2%, the average realized liquefied natural gas price increased by 19%, and the average realized natural gas price increased by 92%.