Repsol : Q2 2021 results 3.8% above estimates, slight increase in capex and no share buybacks before the end of the year
>Q2 2021 results beat estimates by 3.8% - Adjusted net income for Q2 2021 came to € 488m, 3.8% above estimates (ODDO BHF € 450m, consensus € 470m), mainly benefiting from a rebound of 12.9% q-o-q in the oil price at $ 69 /b (vs $ 61.1 /b in Q1) and a strong performance in petrochemicals and retail.Upstream: strong results but production guidance downgraded - Adjusted net income for upstream in Q2 2021 stood at € 351m, exceeding our estimates and ...Repsol is an oil and gas company. Co. is engaged in all the activities relating to the oil and gas industry, including exploration, development and production of crude oil and natural gas, transportation of oil products, liquefied petroleum gas (LPG) and natural gas, refining, the production of a wide range of oil products and the retailing of oil products, oil derivatives, petrochemicals, LPG and natural gas, as well as the generation, transportation, distribution and supply of electricity. Co. operates in more than 40 countries. Co.'s operations are divided into four segments: Upstream, Downstream, LNG and Gas Natural Fenosa.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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