Repsol's profits soar 325% to over five billion euros

Repsol's profits surged by 325% in the first nine months of the year, exceeding five billion euros, driven by rising crude oil prices and inventory valuations. The adjusted net income reached 5.4 billion euros, marking a 184.2% increase year-on-year. The company reported a positive asset impact of 943 million euros, contrasting with a loss of 478 million euros in the previous year. Amidst international instability, Repsol invested approximately 3.7 billion euros to strengthen strategic reserves and ensure energy supply stability, while also allocating around 100 million euros for consumer discount campaigns. The upstream segment achieved an adjusted net income of 1.1 billion euros, up 28.6% from last year.