Repsol : Q3 2020 results back in the black - Decline in debt but outlook volatile
>Q3 2020 adjusted net profit slightly in the black - Attributable net profit totalled € 7m higher than our expectations and those of the consensus (ODDO BHF: - € 37m; consensus: -€ 15m).Upstream: fairly good performance despite a decline in production and capex - Adjusted net profit for upstream activities came in at € 51m (vs -€ 141m in Q2 2020), which is benefiting from an upturn in oil & gas prices but also a decline in production of 3.9% q-o-q w...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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