Strong Q2 Performance and Cash Flow: Repsol reported an adjusted income of EUR 702 million for Q2, an 8% increase from Q1, supported by recovering upstream volumes and robust commercial activities. Cash flow from operations reached EUR 1.7 billion, a 50% increase quarter-over-quarter, resulting in an accumulated operating cash flow of EUR 2.9 billion for the first half, marking a 25% year-over-year growth.
Divestment and Capital Expenditure Plans: The company aims for EUR 2 billion in divestments by 2025, having already achieved EUR 1.2 billion in disposals, with EUR 0.5 billion received in cash in the first half of the year. Q2 CapEx stood at EUR 1.3 billion, totaling EUR 2.7 billion in the first half, and net CapEx was reported at EUR 1.2 billion for the quarter.
Outlook for 2025 and Beyond: The 2025 guidance remains largely unchanged, with expectations of generating around EUR 6 billion in cash flow from operations under a Brent crude scenario of $70. The total distribution to shareholders is anticipated to be between 30% to 35% of cash flow, boosted by share buybacks and an increased dividend payout announced for 2026.
"Where are they all goin' to?" the Reverend Taylor asked in plaintive dismay. He had risen to his feet because he had seen Cairness do it, and now he sat again because Cairness had dropped back on the couch. He was utterly at sea, but he felt that the safest thing to do would be that which every one else did. He remembered that he had felt very much the same once when he had been obliged to attend a funeral service in a Roman Catholic Church. All the purple and fine[Pg 39] linen of the Scarlet Woman and the pomp and circumstance surrounding her had bewildered him in about this same way. "But suppose I pay you the value of the blamed old blunderbuss," said Shorty, as a desperate resort, for it was the first time that he had ever thought of a rebel gun having a money value. Spencerian System hisself, but he ain't once with you. Ide "RUSSELL, that ain't going to heal without a A scar," Alf Russell consoled himself, as he studied his hurt with a little round pocket looking-glass, a screen of bushes concealing him from his unappreciative comrades. "It's more than Monty Scruggs nor Harry Joslyn nor Sandy Baker'll have to show for the fight. It's even more than Gid Mackall has, even though he is knocked out. I ought to be sent to the hospital, too. It'll be something to write home to father and mother, and they'll put it in the paper and the folks'll talk about it. Gracious, there's a bugle blowing again. Wonder what that means?" He even forgot, for a time, about the rumors, the threat of Confederation troops that had hung over her words like a gray cloud: all he could think of was Norma, and the terrible thing in which they were both bound up. They walked for a long while, and by the time they had finally stopped the noise was gone. There was a haze over everything, but through the haze a morning sun shone, and a heavy peace hung over the world. "For sometimes," she said, "I think he does." "It matters little, my lord, whether I do or not," replied the smith, in something of a sullen tone; "whatever I know, I shall keep to myself." "By the green wax!" said he, "you seem to think lightly of Black Jack's promises! What! you would bribe me to betray their secrets, would you? One never thinks of doing well, but some temptation is sure to come across.—Come, come, give me the money—I shall think of what you have said another time.—Come, come, I can hardly speak for very drought!" HoME一级特黄毛片高清免费
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