Reposol won 62% less to fall for the price of crude oil and tariff war | Companies
The Reposol received a net result of 366 million euros in the first quarter of 2025, which means 62.2% less, 62.2% lower compared to the previous year, and, according to the results, communicated to CNMV this morning.
The oil company has reduced this declining “world context identified by uncertainty and geographical political and commercial tensions, as well as volatility in the fuel markets, at the cost of Brent’s air, reduced the quarterly and reduced the refining and chemistry margins in the quarter.” However, the adjustment result is the result of measuring business performance in 651 million euros, the annual adjustment is 48.6%.
Under these adverse circumstances, Repsole admits that its investment strategy has to be changed to suit the new economic context, “it will optimize its portfolio with active management in the exploration and production business and renewable.” Thus, in 2,000 million euros he planned in withdrawals, he completed only 700 million, 35%in the first quarter. Among them, the United Kingdom has highlighted the contract with Neo Energy to combine its exploration and product assets through the exchange of shares, for which the Repsol has 45% and the remaining 55% Neo. The indications of this are that it is one of the largest independent producers of the joint organization oil and gas in the northern sea of the United Kingdom, the production of 130,000 equal barrels per day by 2025.
The oil company will increase the wage shareholders in repsole results and verify the total wage commitment this year, including re -purchasing dividend and shares, between 30% and 35% cash operations. The first phase on January 14 is to pay a gross cash dividend of 0.475 euros per share and reach a total of 0.975 euros in 2025, which means an increase of 8.3% compared to 2024.
