Repsol reported its Q1 18 adjusted results at €616m, only 1% up as expected. By division In the upstream division, the group reported an adjusted net income of €320m, up 43% yoy, mainly due to higher oil & gas prices, but also higher volumes and lower amortisation rates; these effects were partially compensated by higher exploration expenses, the impact of the depreciation of the dollar against the euro and higher taxes as a result of higher operating income. Production reached
07 May 2018
Refining still the driver
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Refining still the driver
Repsol reported its Q1 18 adjusted results at €616m, only 1% up as expected. By division In the upstream division, the group reported an adjusted net income of €320m, up 43% yoy, mainly due to higher oil & gas prices, but also higher volumes and lower amortisation rates; these effects were partially compensated by higher exploration expenses, the impact of the depreciation of the dollar against the euro and higher taxes as a result of higher operating income. Production reached