Repsol boosts production, adjusted net income in 1Q

Spanish oil company Repsol reported a net income of 610 million euros in the first quarter of 2018. This was a drop compared to 689 million euros earned in the first quarter of 2017.

In 1Q 2017, Repsol booked an extraordinary effect on the value of oil product inventories held as part of Spain’s strategic reserve due to the appreciation in the price of oil.

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