Repsol : Strategic presentation: ambitious cash flow targets, greater capex with the development in G&P and higher dividends
>Upstream: an improvement in margins at the expense of volumes - Repsol held a strategic presentation to update its guidance for 2018-2020. In terms of production, the group is targeting growth of 2.6% per year to reach 750 kboe/d in 2020. This is a modest level. However, the group is looking to upgrade the quality of the portfolio with +95 kboe/d in new, high-margin production. It also wants to develop its business in shale, dispose of less profitable assets and impr...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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