Saltar al contenido

January-June 2018 Earnings Repsol earnings increase 46% to 1.546 billion euros

  • Repsol's net income was 1.546 billion euros between January and June 2018, representing an increase of 46% compared with the same period of the previous year, and the highest profit recorded for this period in the last decade.
  • Adjusted net income, which specifically measures the performace of the company’s businesses, increased by 12% to 1.132 billion euros, while EBITDA rose to 3.811 billion euros after a 23% increase.
  • The company increased its hydrocarbon production by 6% during the first six months of the year, reaching an average of 724 thousand barrels of oil equivalent per day.
  • Earnings from the Upstream unit (Exploration and Production) increased by 91% as a result of higher production and efficiency measures implemented in recent years, as well as rising international prices.
  • The Downstream unit (Refining, Chemicals, Marketing, Lubricants, Trading, LPG and Gas & Power) demonstrated its strength with earnings of 762 million euros, supported by significant improvements in the areas of Marketing, Trading and Gas & Power, and LPG.
  • Net debt decreased by 64% compared to June 30th, 2017, to 2.706 billion euros at the close of the first half of 2018; a period in which Repsol's shares rose 14%, outperforming the Ibex 35 by 18 percentage points and among the best in the industry in Europe
kboe/d

Average production increases by 6%

million euros

Upstream earnings increase by 91%

dollars per barrel

Refining margin indicator, among the best in Europe

Increase in Repsol share value in the first half of the year

Telephone icon

Conference call

Repsol CEO, Josu Jon Imaz, reported the company's results during a conference call.
Chart icon

Infographic

See the company's main earnings figures