Repsol : Results topped expectations – set for a resumption of share buybacks and a spin-off of renewables
>Q4 2020 adjusted net profit well ahead of expectations - Attributable net profit totalled € 404m, three times higher than expected, benefiting in large part from deferred forex gains in the corporate division.Upstream: an improvement accompanied by control of costs - Adjusted net profit for upstream activities came in at € 195m (vs € 51m in Q4 2020), returning to its 2019 level thanks to the recovery in oil and gas prices but also to a better mix...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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