US EditionRepsol's profit plummeted by 45% in 2024 due to the fall in energy prices
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The extraordinary benefits of energy came to an end long before those of the banks and this has been noted in Repsol’s results of last year. While the banks scored a record 2024, the energy sector plummeted its profits by 45% last year to 1,756 million euros. Repsol has attributed this sharp decline to the geopolitical context, the lower prices of crude oil, gas, electricity and the moderate margins of refining.Continue reading
Repsol, the first Spanish oil company, won 1,756 million euros in a 2024 marked by geopolitical tensions, the decline in the price of oil and a fall in...
"The results of 2024 were influenced by a complex geopolitical context, lower prices of crude oil, gas and electricity, moderate margins in refining and low in chemistry," the energy group explained. It has also specified that "the net result of the company collects the negative impact (-450 million euros in 2024) of the Temporary Energy Gravamen in Spain, a fiscal measure that was rejected in the Cortes Generales." The annual EBITDA has dropped…
Consensus of the Bankinter Market Figures of BNA vs estimate of the consensus of analysts: Exploration and Production 334M€ (-39.7%) vs 317M€ estimated, Industrial 256M€ (-54.4%) vs 218M€ estimated; Client 165M€ (+61.8%) vs 131M€ estimated, Low Carbon Generation -11M€ (16M€, 4T 2023) vs 12M€ estimated. Main figures compared to the market consensus (Bloomberg): Income 13,165M€ (-10.8% a/a) vs 12,735M€ estimated, EBITDA 1.9231M€ (-6.7%) vs 1,710M…
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noticiasdegipuzkoa.eusRepsol obtained a net profit of 1,756 million euros in 2024, representing a 45% drop from the 3,168 million euros in the previous year, in a context marked by lower hydrocarbon prices and low refining margins, the company reported.
The Spanish oil company foresees net investments between 3,500 and 4 billion in 2025, with some 2 billion divestments and rotations.
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