Repsol : Resilient Q1 2020 results – group reassures on dividends and debt
>Adjusted net profit 34% higher than the consensus - Attributable net profit clocked in at € 447m in Q1 2020, +10% q-o-q /-27% y-o-y with an undemanding base effect in Q4 2019, 34% ahead of our forecasts and the consensus (ODDO BHF: € 330m; consensus: € 334m).Upstream in line, production guidance revised further down - Adjusted net profit for upstream activities came in at € 90m, -51% q-o-q/-72% y-o-y, hit by the fall in the price of oil and natural ...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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