Report
Ahmed Ben Salem

Repsol : Résultats T4 2019 en ligne – Hausse des dividendes confirmée mais au détriment des Capex

>Résultat net ajusté 3% inférieur au consensus - Le RNpg ressort à 405 M€ au T4 2019, -22% QoQ/-36% YoY, en ligne avec nos attentes et 3% inférieurs au consensus (ODDO BHF : 406 M€; Cs: 418 M€).Upstream : provisions lourdes et une guidance de production abaissée - Le RN ajusté de l’upstream ressort à 186 M€, -15% QoQ/-40% YoY, impacté par des charges d’exploration élevées (212 M€ vs 10 M€ au T3 2019 et 102 M€ au T4 2018) avec quatre forages sur sept ...
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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