The earnings reflect a good performance of the company’s businesses as well as the success in obtaining a compensation agreement for the expropriation of YPF.
To find out more: http://ow.ly/Kc339
A quarterly report from EQT Corporation updating investors and others on production and the company's financial postion. During 2Q13, EQT was the second company ever to hit 1 billion cubic feet per day of Marcellus Shale gas production. They also announced they will drill up 22 Upper Devonian Shale wells in 2013--a shale layer a few hundred feet above the Marcellus.
Highlights
•Revenues of CHF 2.8 billion, up 5.3% (constant currency)
•Adjusted EBITDA of CHF 554 million, up 5.3% (constant currency)
•Adjusted operating income of CHF 420 million, up 4.9% (constant currency)
•Adjusted operating margin of 15.0%, in line with H1 2013 (constant currency)
•Restructuring expense net of tax of CHF 8 million
A quarterly report from EQT Corporation updating investors and others on production and the company's financial postion. During 2Q13, EQT was the second company ever to hit 1 billion cubic feet per day of Marcellus Shale gas production. They also announced they will drill up 22 Upper Devonian Shale wells in 2013--a shale layer a few hundred feet above the Marcellus.
Highlights
•Revenues of CHF 2.8 billion, up 5.3% (constant currency)
•Adjusted EBITDA of CHF 554 million, up 5.3% (constant currency)
•Adjusted operating income of CHF 420 million, up 4.9% (constant currency)
•Adjusted operating margin of 15.0%, in line with H1 2013 (constant currency)
•Restructuring expense net of tax of CHF 8 million
Today the Adrienne Arsht Latin America Center welcomed Mexican Undersecretary of Energy Enrique Ochoa Reza as the keynote speaker at the launch of the center’s first publication, Mexico Rising: Comprehensive Energy Reform at Last? The undersecretary provided thoughtful and informative commentary supported by a PowerPoint.
En Repsol nos comprometemos a través de una serie de valores que rigen nuestra actividad como compañía. Este compromiso está avalado por prestigiosos reconocimientos que nos animan e impulsan a seguir mejorando día a día.
Petroleum is an energy source that has been around for millions of years, and it is used to satisfy 90% of society’s energy needs. Learn about all the stages in the petroleum cycle, from exploration to the moment it is transformed to be used in everyday life.
Today the Adrienne Arsht Latin America Center welcomed Mexican Undersecretary of Energy Enrique Ochoa Reza as the keynote speaker at the launch of the center’s first publication, Mexico Rising: Comprehensive Energy Reform at Last? The undersecretary provided thoughtful and informative commentary supported by a PowerPoint.
En Repsol nos comprometemos a través de una serie de valores que rigen nuestra actividad como compañía. Este compromiso está avalado por prestigiosos reconocimientos que nos animan e impulsan a seguir mejorando día a día.
Petroleum is an energy source that has been around for millions of years, and it is used to satisfy 90% of society’s energy needs. Learn about all the stages in the petroleum cycle, from exploration to the moment it is transformed to be used in everyday life.
Oil and gas CEOs jointly declare action on climate changeRepsol
The chief executive officers of 10 of the world’s largest oil and gas companies declared their collective support for an effective climate change agreement to be reached at next month’s 21st session of the United Nations (UN) Conference of Parties to the UN Framework on Climate Change (COP21).
El petróleo es una fuente de energía que se remonta a millones de años y se destina en un 90% a satisfacer las necesidades energéticas de la sociedad. Descubre todas las fases del ciclo del petróleo, desde la exploración hasta la transformación para su uso en la vida cotidiana.
The company reported its highest net income in four years in 2016, reflecting the strength and flexibility of its business units and the success of the action plan put in place in response to falling crude oil and gas prices.
Repsol posted net income in 2014 of 1.612 billion euros, supported by the strength of its integrated business model. This result represents a 724% increase over the 195 million euros registered in 2013, a financial year in which the company booked one-time cleanup charges related to the expropriation of YPF.
For more information, visit: http://ow.ly/Kc1B2
Growing through our strengths: Repsol's strategic plan is based on four basic pillars: upstream growth, maximizing downstream returns, maintaining our financial strength and generating competitive shareholder returns.
For more information, visit: http://ow.ly/Kc1HR
At a glance:
Revenue of CHF 5.9 billion, up 5.4%
Adjusted operating income of CHF 947 million, up 2.6%
Adjusted operating margin of 16.1%
Free cash flow of CHF 607 million, up 2.7%
Basic earnings per share of CHF 81.99, up 10.9%
Proposed dividend of CHF 68, up 4.6%
You can view our financial reports here: http://www.sgs.com/en/Our-Company/Investor-Relations/Financial-Reports.aspx
The Plan centers on Repsol’s ability to generate value, even against the backdrop of low petroleum prices, placing particular importance on the management of our asset portfolio, and maximizing efficiency. More info at: repsol.com
See the Annual Results 2013 and review the key figures. Among others, Repsol again achieved a record reserve replacement ratio -the highest in the industry worldwide- or the exploratory success rate, which was above the industry average, with nine discoveries in Alaska, Algeria, Brazil, Colombia, Libya and Russia.
Click here for more information: http://ow.ly/Kc2WS
Similar to Repsol: Financial Results First Semester 2014 (20)
El beneficio neto de 2016, el mayor alcanzado por la compañía en los últimos cuatro años, refleja la fortaleza y flexibilidad de los negocios y el éxito del programa de actuación puesto en marcha para responder a la caída de los precios del crudo y del gas.
Repsol is a global, integrated, energy company that works with great effort, talent, and enthusiasm to offer the best energy solutions to society and the planet. We are leaders in the Oil & Gas industry, with an integrated business model in place across the whole value chain.
Repsol es una energética global integrada, que trabaja con esfuerzo, talento e ilusión para ofrecer las mejores soluciones energéticas a la sociedad y al planeta. Somos un referente en el sector Oil & Gas, con un modelo de negocio integrado que participa en toda la cadena de valor.
Consulta el Plan de Sostenibilidad de A Coruña, con el que respondemos a las expectativas sobre la actividad de nuestro Complejo Industrial.
Más info en repsol.com
Consulta o Plan de Sustentabilidade da Coruña, có que responderemos ás expectativas sobre a actividade do noso Complexo Industrial.
Más info en repsol.com
Los objetivos del Plan Estratégico de Repsol 2016-2020 son la creación de valor en cualquier escenario y aumentar la resiliencia ante los distintos ciclos del precio del petróleo.
Más info en: repsol.com
El Plan Estratégico El Plan Estratégico 2016-2020 garantiza la fortaleza de Repsol y su capacidad de creación de valor en un contexto de bajos precios del petróleo, mediante la eficiencia y la gestión activa del portafolio. garantiza la fortaleza de Repsol y su capacidad de creación de valor en un contexto de bajos precios del petróleo, mediante la eficiencia y la gestión activa del portafolio.
Más info en repsol.com
Consulta el Plan de Sostenibilidad de Puertollano, con el que buscamos dar una respuesta a las expectativas de la sociedad sobre la actividad de nuestro Complejo Industrial.
Más info en: www.puertollano.repsol.com
Con la integración de Talisman, Repsol ha superado sus objetivos estratégicos de producción y reservas, convirtiéndose en una de las 15 petroleras privadas más importantes del mundo, con mayor presencia en mercados internacionales y en países de la OCDE. Más info en: http://www.repsol.com/es_es/corporacion/prensa/publicaciones/resultados-trimestrales/infografia-incorporacion-barriles-compra-talisman.aspx
With the integration of Talisman, Repsol has surpassed its strategic objectives in terms of production and reserves. It is now one of the 15 largest publicly traded oil companies in the world with a greater presence in international markets and in OECD countries. More info at: http://www.repsol.com/es_en/corporacion/prensa/publicaciones/resultados-trimestrales/infografia-incorporacion-barriles-compra-talisman.aspx
Repsol: Financial Results First Semester 2015Repsol
Adjusted net income, which specifically measures the progress of the company's businesses, has increased by 35% over the past year within the context of a sharp drop in oil prices. More info at: http://www.repsol.com/es_en/corporacion/prensa/publicaciones/resultados-trimestrales/default.aspx
El resultado neto ajustado, que mide específicamente la marcha de los negocios de la compañía, ha aumentado un 35% respecto al ejercicio anterior, en un contexto de brusca caída de los precios del crudo. Más info en: http://www.repsol.com/es_es/corporacion/prensa/publicaciones/resultados-trimestrales/default.aspx
Repsol presenta su Plan de Sostenibilidad de Cartagena Repsol
Repsol refuerza su compromiso con la sostenibilidad en Cartagena con su Plan de Sostenibilidad 2015, que identifica y responde a las expectativas de la sociedad sobre la actividad del Complejo Industrial.
Repsol: Memoria de Responsabilidad Corporativa 2014Repsol
Consulta nuestra Memoria de Responsabilidad Corporativa 2014.
Más info en: http://memorias.repsol.com/memoria2014/es/responsabilidadCorporativa/downloadRC.html
Consulta el Informe Anual 2014 y repasa los hitos más destacados del año: http://memorias.repsol.com/memoria2014/es/informeAnual.html
See the Annual Report 2014 and review the key figures: http://memorias.repsol.com/memoria2014/en/informeAnual.html
1. 47% growth
Resulting from the strongly positive deal for the YPF compensation and business return.
Repsol’s adjusted net income amounted to €922M.
Excellent quality
of company
Downstream assets
This resulted in higher
business return in a weak
environment for refining in
Europe.
Refining
margins
USD3.5/barrel
Financial strength
Liquidity €2,392M
Repsol’s net income amounted to €1,327M
Repsol’s liquidity of
€11,195M is
Income
first semester 2014
47%
Successful
asset divestment in Argentina
USD4,997M made selling all the
Argentine bonds Repsol held, thus
extinguishing the debt Argentina owed.
USD1,316M made selling
12.38% YPF stake.
Dividend profitability
Repsol’s
Flexible
Dividend
scheme
Dividend
One-euro-per-share special dividend for
current fiscal year revenue was distributed to
shareholders on 6 June 2014.
63%
Acceptance 76%
January 2014
Acceptance
July 2014
Largest
hydrocarbon find in Russia
in two years
The wells Gabi-1 and Gabi-3
could add 240 million barrels
of oil equivalent to the
company’s reserves tally.
Repsol’s profit per
dividend exceeds
10%
It is the Ibex
company with
the highest
return per share.
Repsol achieves higher credit rating
Credit rating agencies recognise Repsol’s financial strength:
55.4%
Fitch and Moody’s long term ratings went higher, from BBB- to BBB and from Baa3 to Baa2, respectively.
Standard and Poor’s has raised the outlook on the Spanish oil giant from ‘stable’ to ‘positive’.
Our main businesses1
Upstream
(Exploration and production)
€400M
2014
€634M
2013
january - june
600
500
400
300
200
100
0
340,000
barrels of oil
equivalent
per day
26,800bbl/day in new production,
compensating to a great extent for temporary
halt in production in Libya, now resumed.
3% increase of production (excluding Libya),
from rises in Bolivia, Brazil, US and Peru.
Largest hydrocarbon find in Russia in two
years.
7 out of 10 key projects for growth have
started production.
Downstream (Refining, Chemicals, Marketing,
LPG & New Energies)
€350M
2013
€452M
2014
january - june
400
300
200
100
0
Refining system efficiency
9.4% margins increase y-o-y despite weak environment for refining in
Europe, as a result of investments in Cartagena and Bilbao.
Higher income from Gas&Power
Higher turnover in North America and lower expenses in
regasification and amortisations.
Higher income from Chemicals, resulting from
boosted sales and improved plant efficiency.
Gas Natural Fenosa2 (30% stake)
€282M
2014
€253M
2013
january - june
250
200
150
100
50
0
Higher income resulting from:
Higher income from gas wholesale.
Capital gain following telecom business sale.
Compensation for weak power generation and distribution
domestic market.
275% proven reserves3 replacement rate,
reaching an all-time high in the company and
the highest in the industry for the current
fiscal year.
1 The company carries out a good part of its activities through joint ventures. This means that, when it comes to making decisions on fund allocation or performance assessment, the operating and financial figures of joint ventures are analysed from the same
perspective and as thoroughly as those of companies consolidated by global integration. This is the reason why all sector figures include, according to percentage shares, those of joint ventures or companies managed as such.
In fiscal year 2014, Repsol decided to take into account the current business environment and use an accounting method for better comparison with the results of other companies in the same industry. Now, Repsol reports its recurring net income based on
restocking costs of continued operations (adjusted net income), excluding both discontinued operations and inventory effects.
2 From 1 January 2014, Gas Natural results are no longer reported in Repsol statements using a consolidated method. The equity accounting method is used instead.
3 Hydrocarbon reserves/oil and gas production ratio throughout the same term.
Net debt
Resulting from Argentine
assets divestment.
2.9 times
higher than short-term
debt maturities.
€2,966M down
as compared to 2013 year-end.
This is, by no means, a recommendation or offer to buy shares in Repsol, as established in Law 24/1988, of 28 July, on the Stock Exchange, and the associated development regulations. Furthermore, this is not a purchasing or trading offer, nor an equity
purchasing, selling or trading order elsewhere.
This report contains information and statements that are actually estimates or forecasts about Repsol. Such estimates or forecasts may contain statements about plans, goals and expectations, including statements on trends affecting Repsol’s finances,
financial ratios, operating income, business, strategies, geographical concentration, production and reserves, capital expenditure, cost savings, investments and dividend policy. Such estimates or forecasts may contain assumptions on future economic or
financial situations such as future crude oil prices or other prices, refining or marketing margins and currency exchange rates. Estimates or future prospects are generally identified with the verbs ‘hope’, ‘expect’, ‘think’, ‘believe’, ‘estimate’, or the like. Said
statements or claims do not guarantee future compliance, prices, margins, currency exchange rates, and so forth, and are subject to significant risks, uncertainties, changes or other factors beyond Repsol’s control or difficult to predict. Among these risks
and uncertainties there are factors and situations on which information is provided in statements or documents filed by Repsol and its affiliates with the Spanish Stock Exchange, the Argentine Stock Exchange, the U.S. Securities and Exchange
Commission, and other market supervising agencies in the markets where Repsol or its affiliates trade their shares.
Repsol undertakes to fulfil its obligations only as established in the laws in force, even if new data are published or new situations arise, as far as public announcements of updated or revised facts are concerned.
The information contained here has not been verified or reviewed by Repsol’s external auditors.