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Repsol increases net income by 65%
Press Release
27/07/2017 15:00
- Repsol posted net income of 1.056 billion euros during the first half of the year, a 65% increase over the same period the previous year.
- Adjusted net income increased by 23% and EBITDA by 29%, which reflects the strength of the company’s businesses as well as the success of efficiency programs implemented in the current context of low oil prices.
- Repsol's average hydrocarbon production during the first half of the year was 684,900 barrels of oil equivalent per day, in line with the company's planning.
- The Upstream (Exploration and Production) unit area posted 339 million euros in a period in which the company made significant hydrocarbon discoveries in the United States and Trinidad and Tobago.
- The Downstream area (Refining, Chemicals, Marketing, Lubricants, Trading, LPG and Gas & Power) reported profit of 929 million euros.
- The refining margin indicator in Spain was 6.6 dollars per barrel, 3% higher than the 6.4 dollars per barrel in the first half of the previous year
- Repsol became the first company in its sector worldwide to issue a certified green bond, to finance more than 300 initiatives aimed at reducing CO2 emissions.