Spain's Repsol expect 22% fall in profits

SPANISH oil giant Repsol’s earnings are expected to fall 22% this year.

The international agency Fitch ratings said the firm has a negative outlook given that oil looks set to remain at around €31 a barrel this year.

Repsol, Royal Dutch Shell, France’s Total, Austria’s OMV, Italy’s Eni, and Hungary’s MOL’s collective earnings fell by 34% last year.

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19 Apr, 2024 @ 13:41

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Laurence Dollimore

Laurence has a BA and MA in International Relations and a Gold Standard diploma in Multi-Media journalism from News Associates in London. He has almost a decade of experience and previously worked as a senior reporter for the Mail Online in London.

GOT A STORY? Contact [email protected] or call +34 951 273 575 Twitter: @olivepress

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