Repsol : Q2 results in the red, dividend maintained pending the strategy presentation in November
>Q2 2020 adjusted net result 7.5% higher than the consensus - The attributable net result was a loss of -€ 258m, 14% higher than our forecast and 7.5% higher than the consensus (ODDO BHF: -€ 310m; consensus: -€ 279m).Upstream: a fall in production and prices but a nice surprise on costs - The adjusted net result in the upstream segment was a loss of -€ 141m (vs a profit of € 90m in Q1 2020) affected by the fall in oil prices and decrease in productio...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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