Link Securities | The Spanish oil company informed the National Securities Market Commission (CNMV) that it has reached an agreement to sell its 24% stake in the Corridor block in Indonesia, where it is not the operator, to Medco Energi for $425 million. This transaction is part of Repsol’s asset rotation strategy to optimise its upstream portfolio and focus its efforts on assets that offer high profitability and cash generation….

Bankinter | Weak Q1 2025 results, affected by the fall in oil prices. Guidelines maintained despite the complex context. BNA figures versus market consensus estimates: Exploration and Production €458 million (+3.6%) versus €382 million estimated, Industrial €131 million (-82.1%) versus €192 million estimated; Customer €160 million (-2.6%) versus €157 million estimated, Low Carbon Generation €5 million versus €7 million estimated. Key figures compared with market consensus: Revenue €14,408 million (-5.1%…

Banc Sabadell | Repsol (REP) will sell a part (49% stake) of a solar (300 MW) and wind (400 MW) portfolio in Spain that will come on stream in 2025 with a combined capacity of 706 MW, according to press reports. The valuation is estimated at over €900 million. Assessment: Positive news with little impact (3.8% capitalisation/8% NFD’24) if confirmed as more asset rotation was expected by 2025. We recall…