Repsol : Satisfactory publication – cash flow guidance reduced but cash returns to shareholders confirmed
>Q2 2023 earnings beat thanks to a lower tax rate - Q2 adjusted attributable net profit came to € 827m (-56.3% qoq,-61% yoy) 18% above consensus (ODDO BHF estimate: € 660m, consensus: € 699m) thanks to a lower tax rate stemming from an adjustment for 2022 earnings in North Africa and Indonesia.E&P: production stabilised, waiting for gas prices to go back up - Adjusted upstream net profit came to € 410m, well above consensus (ODDO BHF estimate: € 286m...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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