Repsol SA

REP: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€97.50	Bfwn	Lhlgcpbw

Downstream Performance Boosts Repsol Earnings; Increases Dividend and Will Repurchase More Shares

Allen Good

Feb 17, 2023

Repsol’s fourth-quarter adjusted earnings rose to EUR 2,007 million compared with adjusted earnings of EUR 872 million largely on higher refining margins and improved utilization rates. Full-year adjusted earnings for 2022 strengthened even further to EUR 6.7 billion compared with EUR 2.5 billion the year before.

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