Repsol said net profit will fall to between €1.25-1.5bn after €450m of provisions after tax this year to account for the lower value of North American gas, power and oil assets. Repsol will present its strategic plan 2016-2020 today. This new plan should also include further cost cutting as Talisman, its latest acquisition (Shale), has put pressure on Repsol's financials. Also, Repsol has reached a complex deal with Armstrong Oil & Gas (Alaskan drilling areas) in exchange for ca
15 Oct 2015
Net profit 2015 at €1.25-1.5bn after impairments
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Net profit 2015 at €1.25-1.5bn after impairments
Repsol said net profit will fall to between €1.25-1.5bn after €450m of provisions after tax this year to account for the lower value of North American gas, power and oil assets. Repsol will present its strategic plan 2016-2020 today. This new plan should also include further cost cutting as Talisman, its latest acquisition (Shale), has put pressure on Repsol's financials. Also, Repsol has reached a complex deal with Armstrong Oil & Gas (Alaskan drilling areas) in exchange for ca