Repsol Reassures on Buyback -- Market Talk

Dow Jones

04/30

1447 GMT - Repsol's executives reassured that the company can keep buying back shares even amid a weaker economic outlook, a recurrent line of investor questioning coming into its first-quarter update, RBC Capital Markets' Biraj Borkhataria and Adnan Dhanani say in a research note. The Spanish energy company reiterated its plans to buy back 700 million euros in shares this year. Executives struck a reassuring tone, emphasizing that the company's investment program is flexible and could be downsized to sustain shareholder distributions should economic conditions remain weak, RBC says. Shares fall 0.5%. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

April 30, 2025 10:47 ET (14:47 GMT)

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The Spanish energy company reiterated its plans to buy back 700 million euros in shares this year. Executives struck a reassuring tone, emphasizing that the company's investment program is flexible and could be downsized to sustain shareholder distributions should economic conditions remain weak, RBC says. Shares fall 0.5%. 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