1203 GMT - Repsol's 2026 share buyback is seen at 1.7 billion euros, up from a prior forecast of 1.4 billion euros, HSBC's Kim Fustier writes in a note. HSBC also increases its 2027 buyback forecast to 2 billion euros from 1.6 billion euros previously. This is because the Spanish energy major has downstream strength and production ramp-ups that will fuel cash generation, she says. Shares fall 2.7% to 30.70 euros.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.