REPSOL S.A. -ANR.-

Repsol has signed agreements with the Venezuelan government to add the Horcon oil field to its existing Venezuela portfolio. The company plans to boost production together with partners such as Eni and aims to raise gross production in Venezuela by 50% within one year and to triple it within three years. The expansion follows US licence grants that make it easier for foreign firms to operate in Venezuela and also includes consideration of offshore natural gas projects. » Altro su de.investing.com

Repsol reports an adjusted net profit of EUR 873m for Q1 2026, up 57% year on year, driven by the industrial segment, whose net profit rose 233%. Operating cash flow increased to EUR 1.0bn, and net debt stands at EUR 4.8bn. The stock rose 3.14% after the results; management announced higher dividends and share buybacks and expects further EPS and revenue growth. » Altro su de.investing.com

APA Corporation's stock climbed about 4.5% after reports that Repsol is considering a reverse merger of its upstream unit with APA. Repsol's upstream business is valued at roughly $19 billion including debt and could be listed on the NYSE quickly through such a transaction. Talks with APA and other partners are still at an early stage, and a deal is not certain. » Altro su de.investing.com