Repsol Signals New Strategy for Venezuela in Q2 Results

August 12, 2022--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Repsol SA's (Madrid, Spain) Chief Executive Officer Josu Jon Imaz said in the company's second-quarter earnings conference call that Repsol was entering a "new dynamic" regarding its operations in Venezuela as the company reported significant net income. In the call, Jon Imaz announced a net income of 2.539 billion euros(US$2.58 billion) in the first six months of the year. One of the reasons for the high earnings is the war in Ukraine, which has increased international commodity prices. Other companies featured: Eni (NYSE:E)