Report
Ahmed Ben Salem

Repsol : Résultats T4 largement supérieurs aux attentes – priorité au retour de cash et à la transformation du groupe

>Résultats T4 23 19% supérieurs aux attentes - Le RNpg ajusté du T4 s'est établi à 1 195 M€ (+9% QoQ /-41% YoY) et 1+% au-dessus du consensus (ODDO BHF: 1 016 M€ ; consensus : 1 003 M€), grâce à l’E&P et Industrial. E&P : vers une moindre production mais plus profitable en prévision d’une IPO - Lors du CMD, le groupe a revu sa guidance de production en baisse de 570-600 kbep/j à >550 kbep/j pour intégrer quelques cessions d’actifs sans les préciser...
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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