Repsol : Q1 results beat forecasts with an anticipated improvement in the future and an increase in refining margins
>Q1 results 6% higher than forecast - Adjusted attributable net profit was € 1,056m in Q1 2022, beating our forecast by 6.2% and that of the consensus by 10.3% (ODDO BHF: € 957m, consensus: € 994m), benefiting from a rebound in oil and gas prices and better margins in refining, notably for diesel.Upstream: guidance for production revised down and priority to US gas - Adjusted net profit upstream was € 731m, a shade below our forecasts (ODDO BHF:...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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