Repsol SA

REP: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€78.50	Nhsy	Jjyvyhbcs

Repsol Posts Strong Q4 Earnings Lifted by Higher Prices, Planned Share Repurchases in 2022 Increased

Allen Good

Feb 18, 2022

Repsol’s fourth-quarter adjusted earnings rose to EUR 872 million compared with adjusted earnings of EUR 404 million a year ago, largely on higher oil and gas prices and stronger refining margins. Full-year adjusted earnings for 2021 strengthened even further to EUR 2.5 billion compared with EUR 600 million the year before.

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