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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Repsol reports higher earnings, new leadership in place
7:01 AM MDT | August 1, 2014 | —Natasha Alperowicz
Repsol (Madrid) 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. Higher petrochemical prices and efficiency programs that the company implemented at its sites offset higher naphtha prices during the quarter, resulting in 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 strong operating...
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