Repsol is one of the last European oil companies to report its Q3 17 and, like the others, reported better than expected results even if the beat was a bit shy. Clean net income came in at €576m for Q3 17 vs. €553m expected. Key highlights: - Downstream division accounting for close to 90% of earnings : better results in Trading, higher contribution from the Marketing business and a better performance in the LPG business. - Upstream divisions slightly up, thanks to the increase in t
03 Nov 2017
First view: Slightly above expectations, no big takeaways
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First view: Slightly above expectations, no big takeaways
Repsol is one of the last European oil companies to report its Q3 17 and, like the others, reported better than expected results even if the beat was a bit shy. Clean net income came in at €576m for Q3 17 vs. €553m expected. Key highlights: - Downstream division accounting for close to 90% of earnings : better results in Trading, higher contribution from the Marketing business and a better performance in the LPG business. - Upstream divisions slightly up, thanks to the increase in t