Repsol : Q4 2023: strong beat to consensus – Priority given to cash returns and the group’s transformation
>Q4 2023 earnings 19% above forecasts - Group adjusted attributable net profit for Q4 came to € 1,195m (+9% q-o-q /-41% y-o-y), 1%+ above the consensus (ODDO BHF: € 1,016m; consensus: € 1,003m), thanks to E&P and Industrial. E&P: on track for lower production but more profitable in view of an IPO - At the CMD, the group lowered its production guidance from 570-600 kboe/d to >550 kboe/d to factor in several asset disposals, although did not disclose ...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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