Repsol SA
REP: XMAD (ESP)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.> | LOCK|!HQ | LOCK|MZST&w |
Repsol Earnings: Greater Downstream Exposure a Benefit in Current Market
Repsol's second-quarter adjusted net income increased significantly from a year ago to EUR 1,838 million. This was primarily driven by a sharp rise in industrial segment earnings, which surged to EUR 1,243 million. Given the strong results and outlook, management increased its repurchase rate.
