Repsol Chemical Losses Mount Despite Margins Uptick
Repsol reported increased chemical losses despite a 20% margin boost from lower feedstock costs, as petchem sales dropped 5% amid challenging European market conditions.
chemweek · 2026-02-19 18:00
3 articles
Repsol reported increased chemical losses despite a 20% margin boost from lower feedstock costs, as petchem sales dropped 5% amid challenging European market conditions.
Repsol reported a 51% year-over-year increase in average chemical indicator margins for 2025, with Q4 margins widening by 20% compared to the previous year.
Repsol's chemical profits rose as margins improved 21% year-over-year, despite a sequential narrowing. New LLDPE, PP, and UHMWPE plants in Portugal and Spain are expected to start up in 2026.