Entering text into the input field will update the search result below

Repsol to sell billions of euros in assets

Oct. 15, 2015 7:19 AM ETRepsol, S.A. (REPYF) StockREPYY, REPYFBy: Yoel Minkoff, SA News Editor
  • Repsol (OTCQX:REPYF, OTCQX:REPYY) plans to sell more than €6B of assets and slash billions in capital spending over the coming five years, as it scrambles to pay down debt and protect investors' dividends.
  • In a strategic plan unveiled today, the country's biggest oil producer promised to cover its costs and deliver returns at a "break-even" price for crude of just $50/bbl, around where market prices are now following the plunge in oil prices.
  • Repsol also confirmed that it would cut its global workforce by 6% over the next three years.
  • Previously: Repsol sees lower FY 2015 net profit (Oct. 14 2015)

Recommended For You

More Trending News

About REPYF Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
REPYF--
Repsol, S.A.