Repsol : Q3 results beat forecasts, dividend raised and share buybacks
>Q3 results 7% above forecasts - Adjusted net profit was € 623m in Q3 2021, beating forecasts by 7% (ODDO BHF: € 547m, consensus: € 582m) therefore marking a return to pre-Covid levels thanks to the rebound in the oil price and lower corporate charges.Upstream: good performance despite the decline in production - Q3 2021 adjusted net profit upstream stood at € 385m, exceeding our estimates and the consensus (ODDO BHF: € 360m, consensus: € 370m) foll...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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