Repsol turns to driving value after years of pursuing growth.
Repsol reported mixed fourth-quarter results as a weak refining and chemical business environment offset gains in the upstream segment. Total adjusted income for the quarter was virtually flat at EUR 703 million. The upstream segment generated EUR 145 million in adjusted profits versus a break-even quarter the year before on the back of 5% production growth and higher realizations. In the downstream segment, higher energy and input costs hurt profitability and lowered adjusted net income to EUR ...
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