Repsol first-quarter adjusted net income jumps over 50%

6 articles · Updated · The Wall Street Journal · Apr 30

The Spanish energy group reported €873m, below the €897m analysts expected, as Middle East disruption lifted refining and trading results despite no direct regional assets.
Industrial adjusted earnings rose to €440m, up €308m year on year, but a €361m chemicals impairment reflected higher naphtha and propane costs and tighter supplies.
Amid strong demand for jet fuel, Repsol bought €1.2bn of crude for summer inventory and plans to raise kerosene production by up to 20%.

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