Global
Spanish
English
Contact us
Record exploratory campaign in 2009

Repsol posts net income of 1.257 billion euros

Press Release 12/11/2009 16:00
  • In line with the rest of the industry, net income fell 55.4%, due to the sharp decline in international oil (-49%) and gas prices (-60%) and Spanish refining margins (-74.3%). 
  • The company’s operating income registered an improvement compared to the previous quarter, a reflection of a slightly improved economic situation. 
  • The company has carried out a record exploration campaign during 2009 with 15 finds, including 2 in Brazil and Venezuela which are amongst the world’s biggest discoveries.  
  • During October, the potential of the Shenzi field in the deepwater Gulf of Mexico (United States) was confirmed, with current production above 120,000 barrels per day representing 20% more than initial expectations. 
  • Repsol Chairman Antonio Brufau said "the recent discoveries constitute a great value potential for the company and consolidate the transformation of its business structure."  

12 November 2009 - 00:00 CET | PDF | 170.79 KB