Repsol Third-Quarter Profit Climbs as Refining Margins Improve

Spain's biggest oil company, said third-quarter profit rose 70 percent after refining margins improved and crude prices increased.
Profit adjusted to exclude inventories and one-time items climbed to 502 million euros ($693 million) from 296 million euros a year earlier, the Madrid-based company said today in a regulatory filing.
[Read more]
Source: San Francisco Chronicle