Report
Ahmed Ben Salem

Repsol : Repsol Q2 2021 results beats consensus by 3.8%

>Strong adjusted net profit and segments performed above expectations - Q2 2021 adjusted net profit came in at € 488m, well above estimates (ODDO BHF: € 450m; consensus: € 470m).Upstream: Q2 2021 adj. net income came in at € 351m, above our estimates and the consensus (ODDO BHF: € 295m; consensus: € 332m) mainly due to higher oil and gas realisation prices and lower amortisation. This was partly offset by lower production that came in at 561 kboe/d (-12.1% q-o-q;...
Underlying
Repsol SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Ahmed Ben Salem

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