Repsol : Q3 results almost in line and confirms cash return
>Adjusted net profit 1.6% below expectations - Q3 2024 adjusted net profit came in at € 558m (-35% q-o-q/-49% y-o-y), 1.3% above our estimates and 1.6% below the consensus (ODDO BHF: € 551m; consensus: € 567m).Upstream: Q3 2024 adjusted net income came in at € 287m, in line with consensus estimates (ODDO BHF: € 239m; consensus: € 281m) with production down 6.1% at 553 kboe/d due to stoppages in Libya, lower oil prices and higher amortisations and costs.Indu...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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