In our view, Repsol reported the best results amongst the big oil companies in Europe. Downstream still accounts for the bulk of the results. Synergies and efficiencies came in 10% above the target for 2017. The group looks to be clearly going for natural gas integration and will probably make some acquisitions in this direction. Portfolio management is likely to be active and we expect further good news to come for investors.
05 Mar 2018
More integration in natural gas, portfolio adjustments to be expected
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More integration in natural gas, portfolio adjustments to be expected
In our view, Repsol reported the best results amongst the big oil companies in Europe. Downstream still accounts for the bulk of the results. Synergies and efficiencies came in 10% above the target for 2017. The group looks to be clearly going for natural gas integration and will probably make some acquisitions in this direction. Portfolio management is likely to be active and we expect further good news to come for investors.