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January - September 2018 Results Repsol net income increases 37% to 2.171 billion euros

  • Repsol posted net income of 2.171 billion euros in the first nine months of the year, an increase of 37% over the same period of the previous year, and the highest 9-month result in the last decade.
  • Adjusted net income, which specifically measures the performance of the company’s businesses, increased by 11% to 1.720 billion euros. EBITDA rose to 5.833 billion euros, representing a 24% increase over the same period in 2017.
  • Repsol increased its hydrocarbon production by 4% in comparison with the same period in 2017 to an average of 713,000 barrels of oil equivalent per day. This growth was supported by the startup of projects in Trinidad and Tobago, the United Kingdom, Algeria, Peru and Malaysia.
  • The Upstream unit (Exploration and Production) earned 1.015 billion euros, twice the result obtained between January and September of last year, as a result of implemented efficiency measures, higher volumes and rising international prices.
  • The Downstream (Refining, Chemicals, Marketing, Lubricants, Trading, LPG and Gas & Power) earnings stood at 1.098 billion euros, with growth in the Gas & Power, Marketing and LPG units.
  • In late June, Repsol announced the purchase of Viesgo’s non-regulated, low-emissions electricity generation assets as well as its gas and electricity distributor. The acquisition adds 750,000 customers and increases the company’s total installed capacity to 2,950 MW.
5.833 billion euros

EBITDA increased by 24%

1.720 billion euros

Adjusted net income increased by 11%

713 kboe/d

Average production increased by 4%

6.9 dollars/barrel

Refining margin indicator, among the best in Europe

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Conference call

Repsol CEO Josu Jon Imaz held a conference call to report the company's third quarter results from our headquarters in Madrid.
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Infographic

See the company's results in more detail

2018