Repsol Bucks Trend, Hikes Capex 35%

摘要

Repsol on Thursday increased its projection for capital expenditures for the 2018-20 period to €15 billion ($17.48 billion), up 35% from previous guidance. Chief Executive Josu Jon Imaz told analysts that after delivering on all the company’s strategic objectives over the last few years, combined with the divestment of the company’s stake in Gas Natural, Repsol has strong financial flexibility and a sound balance sheet to withstand volatility in oil prices (OD Mar.1’18).