Income from operations rises 19% to 5.072 billion euros.
Profit from Repsol’s three core businesses (upstream, downstream and LNG) advances 20%.
Exploration and Production earnings rise 41%.
YPF’s operating profit rises 23%, to 1.046 billion euros.
The year’s highlights include the oil discoveries of Guara (Brazil) and Kinteroni (Peru) and the start of work to enlarge of the Sines chemical complex in Portugal.
Repsol Chairman Antonio Brufau said the results “highlight the strength of Repsol’s businesses and the ability to continue growing profitability in a complex environment.”