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Repsol reports higher earnings, new leadership in place

6:24 AM MDT | July 26, 2014 | Natasha Alperowicz

Repsol (Madrid) has posted net income of €520 million ($698.4 million) in the second quarter, an increase of 95% from the year-earlier period. Net income from downstream operations during the quarter was up 32%, to €162 million. Better petrochemical prices and efficiency programs the company implemented at its sites offset higher naphtha prices during the quarter, with net income of €20 million in petrochemicals .   Repsol in the first half of the year increased net income 47.3%, to €1.33 billion. This rise reflects a good performance of...

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