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Repsol corporate - reported results analysis

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01 November 2019

Repsol corporate - reported results analysis

Report summary

Repsol’s Q3 earnings were down 11% year-on-year, coming in ahead of analyst consensus. The improved performance of the downstream business helped offset lower upstream earnings. The business is working hard to meet its strategic objectives by 2020. Repsol is leading the charge on shareholder distributions and poised to capture additional value from its refineries. But sharpening of the upstream portfolio is still needed to maximise its integrated business model.

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