Increased cash flow from operations allowed Repsol to increase its 2023 dividend and expand the buyback program by another 50 million shares. By the 2022 year end, 13% of Repsol’s share capital will have been cancelled. Despite the decline in refining margins during the Q3 2022, the industrial segment still accounted for 32% of operating income, 10% lower than in Q2. The management retained its positive outlook on refining margins as middle distillate cracks are still strong although margins are ....
07 Nov 2022
Solid cash flow growth, increased 2023 dividend
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Solid cash flow growth, increased 2023 dividend
Increased cash flow from operations allowed Repsol to increase its 2023 dividend and expand the buyback program by another 50 million shares. By the 2022 year end, 13% of Repsol’s share capital will have been cancelled. Despite the decline in refining margins during the Q3 2022, the industrial segment still accounted for 32% of operating income, 10% lower than in Q2. The management retained its positive outlook on refining margins as middle distillate cracks are still strong although margins are ....