|Bid||8.37 x 0|
|Ask||8.37 x 0|
|Day's Range||8.18 - 8.59|
|52 Week Range||5.92 - 15.66|
|Beta (5Y Monthly)||1.22|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2020|
|Forward Dividend & Yield||0.93 (11.26%)|
|Ex-Dividend Date||Dec 17, 2019|
|1y Target Est||17.09|
A rally in crude-oil futures sent the European energy sector higher on Tuesday, helping markets recover some lost ground from the rough start to the second quarter.
This week we saw the Repsol, S.A. (BME:REP) share price climb by 19%. But that doesn't change the fact that the...
Repsol (REPYY) intends to maintain its July dividend payout. However, it might have to shelve the plan of share buyback of 5% of share capital.
Spanish oil and gas firm Repsol said on Wednesday it would slash investments by 26% this year to limit the damage caused by sliding oil and gas prices and the coronavirus epidemic. Directors met on Wednesday and decided to cut capital expenditure by more than 1 billion euros ($1.09 billion), and operating expenditure by more than 350 million euros, the company said in a bourse filing. Oil prices have slumped since January as demand collapsed because of the pandemic and as a battle for customers between Saudi Arabia and Russia threatened to flood the market.
Royal Dutch Shell stock, which has fallen by 50% in a month, was yielding 16% on Wednesday. BP had a dividend yield of 14%. Goldman Sachs says the market is too pessimistic.
Venezuela's oil exports rose 9% in February from the previous month, as some buyers rushed to take cargoes ahead of the expiration of a wind-down period as part of new U.S. sanctions on PDVSA and its trade partners, data from the state-run firm and Refinitiv Eikon showed. Washington imposed tough sanctions on PDVSA in 2019 and launched a strategy of "maximum pressure" this year to oust Venezuela's President, Nicolas Maduro, extending sanctions to PDVSA's main trade partner, Rosneft Trading, while making threats on other customers. Prior to sanctions, the United States was the biggest buyer of Venezuela's oil.
Spain's Repsol on Thursday reported a net loss for 2019, sapped by lower oil and gas prices and one-off charges mainly related to its pledge to cut its greenhouse gas emissions. A 2019 net loss of 3.8 billion euros ($4.10 billion), compared with net income of 2.3 billion euros in the previous year, was primarily because of a 4.8 billion euro impairment Repsol booked mainly on production assets in North America because of its climate targets. Adjusted net profit came in at 405 million euros ($437.08 million), missing an analyst estimate of 418 million euros provided by the company.
Repsol SA reported fourth-quarter earnings that missed estimates as a weaker refining and chemicals business and a drop in crude prices had a larger impact than expected.
BP set one of the oil sector's most ambitious targets for curbing carbon emissions on Wednesday as new chief executive Bernard Looney began the biggest revamp in its 111-year history. While investor groups welcomed the 2050 targets set out by Looney, which put BP ahead of rivals Royal Dutch Shell , Total , Equinor and all of the U.S. oil majors, environmental campaigners criticized a lack of detail. "We have got to change and change profoundly because the world is changing fast and so are society's expectations of us," Looney said in his first major speech as CEO, after earlier highlighting a need to "reinvent BP".
The U.S. special envoy for Venezuela, Elliott Abrams, said on Friday that the U.S. government talks frequently with Spain and oil major Repsol, which operates in the South American country. "If the conditions, the sanctions, change, we will talk to Repsol," Abrams said in Spanish during a press conference call.
Chevron Corp on Thursday said its operations in international crude marketing through joint ventures in Venezuela are permitted by the U.S. Treasury and pay for expenses related to maintenance of operations. Chevron operates in Venezuela through joint ventures with Petroleos de Venezuela, or PDVSA.
The Church of England's 2.8 billion pound pension fund has put 600 million pounds ($789 million) into a climate index which includes Royal Dutch Shell and Repsol, but shuns BP, Exxon and Chevron. The Church, which has pressured oil producers to improve their climate targets, based its index on the London School of Economics' Transition Pathway Initiative (TPI) on companies' alignment with the goal to keep global warming below 2 degrees Celsius.
Exxon Mobil's oil contract with Guyana would be exempt from a review of the South American nation's deals if the opposition wins the March 2 election, the party's top candidate said. While his People's Progressive Party (PPP) has criticized President David Granger's 2016 deal with Exxon as too generous, Irfaan Ali called the company - whose 1 million barrel cargo of Guyana's first-ever crude production set sail on Monday - a "pioneer" in an interview over the weekend. The PPP's platform pledged to "immediately engage the oil and gas companies in better contract administration/re-negotiation." Other companies exploring off Guyana's coast include Britain's Tullow Oil, Spain's Repsol SA and France's Total.
Does the January share price for Repsol, S.A. (BME:REP) reflect what it's really worth? Today, we will estimate the...
Integrated oil companies are increasingly coming under pressure from investors and regulators to reduce emissions. Although their continued investment in oil and gas resources is being criticized, we find they are taking steps, to varying degrees, to address the emissions intensity of their portfolios because investors increasingly request they do so.
Repsol SA is exploring options for its Malaysian upstream operations including a potential sale as the Spanish oil company reviews its global portfolio.
Readers hoping to buy Repsol, S.A. (BME:REP) for its dividend will need to make their move shortly, as the stock is...
Whilst it may not be a huge deal, we thought it was good to see that the Repsol, S.A. (BME:REP) CEO & Executive...