Spain’s Repsol looks to a future without YPF

摘要

London—Spain’s Repsol made inroads May 10 into restoring investor confidence in its growth prospects, posting better-than-expected earnings and easing concerns over its future without its recently nationalized Argentinean unit YPF. The Madrid-based oil major said its adjusted net earnings for the first quarter rose 3.9% on the year, excluding earnings from YPF, to Eur474 million ($614 million).