Eight energy companies commit to reduce methane emissions within natural gas industry
Press Release22/11/2017 22:00
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.