US EditionRepsol Plans to Boost Kerosene Output as Iran War Disrupts Global Jet ...
13 Articles
13 Articles
Without assets in the Middle East, the oil company has allocated 1.2 billion euros in the quarter to increase its inventories in order to strengthen Spain's energy supply
The war propels Repsol’s re-launches. Spain’s largest oil company has skyrocketed its net profit to €929 million in the first quarter, 153% more than in the first quarter....
Repsol confirms the arrival of the first shipment of Venezuelan crude under new U.S. licenses, does not notice a drop in the Iberian demand for fuel and defends its Atlantic position against volatility in the Middle East.
Repsol obtained a net profit of 929 million euros in the first quarter of the year, representing an increase of 154% over the 366 million euros in the same period of the previous year, after recording a positive asset effect of 593 million euros for the revaluation of the value of its inventories in a context marked by the rise in the price of crude oil and petroleum products after the conflict in the Middle East, according to the company.
More investment to guarantee the supply Discounts to cushion the impact on consumers A refining system under pressure in Europe Advances in exploration and new projects Impulse to the energy transition and commercial growth Strong tax contribution and commitment to the shareholder The total net result reached 929 million euros, driven in part by the patrimonial effect, which contributed 593 million for the revaluation of inventories in the face …
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