Repsol SA
REP: XMAD (ESP)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€35.20 | Ddzy | Qwcvzcx |
Downstream Performance Boosts Repsol Earnings; Increases Dividend and Will Repurchase More Shares
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.