- Repsol (OTCQX:REPYF, OTCQX:REPYY) reports its Q4 adjusted profit rose 25% Y/Y to €461M ($507.8M) on a strong performance in its refining division, and cuts its final 2015 dividend payout to €0.3/share from €0.5/share.
- For the full year, Repsol recorded a net loss of €1.2B vs. a net profit of €1.6B in 2014, not including €2.6B in impairment charges mostly related to assets from last year's purchase of Talisman Energy, which were recognized at market value when the deal closed rather than Repsol assets which are held at historic cost.
- Talisman assets posted a €208M operating loss, even as Repsol’s production unit showed an operating profit of €11M.