Repsol Q3 operating profit beats forecast - Reuters

REP.MC ), Spain's largest oil group, said on Thursday third-quarter net profit fell 14.5 percent as higher financial costs compounded a fall in oil and gas production and a lower profit in the downstream division.

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Repsol's net profit adjusted for one-time items and inventory costs (CCS adjusted net) came in at 429 million euros, broadly in line with an average estimate of 420 million in a Reuters poll of eight analysts.

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Repsol's oil and gas production fell 18.2 percent due to lost oil output from the civil war in Libya, where Repsol has recently restarted activity, and maintenance work at its liquefied natural gas business in Trinidad and Tobago.

Repsol Q3 operating profit beats forecast - Reuters