Repsol's Strong Downstream Performance Offset by Weak Production -- Market Talk
Dow Jones
Jan 15
1035 GMT - Repsol's weak production performance offset a stronger downstream showing, RBC Capital Markets analysts Biraj Borkhataria and Adnan Dhanani write after the Spanish energy major issued an update late Wednesday. The company has taken advantage of an improved refining environment, the analysts add. However, current spot-refining margins are weak and could weigh on investor sentiment, they say. The production expectations miss could lead to an around 10% cut to consensus estimates, they write. Shares trade down 6% at 15.75 euros.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
January 15, 2026 05:35 ET (10:35 GMT)
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