Spain s Repsol is working on a deal to sell a minority stake in a renewable portfolio in the United States as it aims to expand its footprint in a country it sees as a key market.
The new fields, Tomoporo and La Ceiba, contain more than 5 Bbbl of oil and are part of a venture in which Repsol holds a 40% stake and PDVSA holds the remainder.
Spain s Repsol said on Thursday that first-quarter profit fell less than expected, supported by its industrial division, which includes businesses like refining and chemicals. .
Repsol invested €2.129 billion between January and March. In the 2024-2027 period, the company expects to invest between €16 and €19 billion net, with 60%