Madrid, April 30, 2025 (AFP) - Spanish oil giant Repsol's net profit tumbles as prices fall

NAMPA / AFP

2025-04-30

Spanish energy giant Repsol on Wednesday said its net profit plunged in the first three months of the year due to lower oil prices, mirroring results by its European rivals. The net profit of 366 million euros ($416 million) posted in the first quarter represented a 62.2 percent fall from the same period last year, the company said in a statement. "The geopolitical context, volatility, lower crude oil prices, and reduced refining and chemical mar......

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