Repsol’s Loss Widens on Low Prices, Writedowns

Spain’s Repsol on Thursday reported a 36% fall in adjusted net profit and a net loss for the fourth quarter of 2019, battered on all sides by lower oil and gas prices and one-off charges mainly related to a bid to cut carbon emissions.

Oil majors around the world have posted steep falls in 2019 income due to lower prices and softer demand, particularly in Asia.

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