Repsol's Q2 adjusted profit more than triples on refining strength

Repsol reported Q2 adjusted net profit more than tripled year over year, supported by stronger refining margins and higher oil prices. The improvement in profitability suggests easing operating pressure and better market pricing conditions versus last year.

Analysis

Repsol reported Q2 adjusted net profit more than tripled year over year, supported by stronger refining margins and higher oil prices. The improvement in profitability suggests easing operating pressure and better market pricing conditions versus last year.