May 5, 2020 / 6:23 AM / 23 days ago

BRIEF-Repsol: Difficult To Predict To What Extent Impact Of Pandemic Will Affect Co's Businesses

May 5 (Reuters) - REPSOL:

* SAYS THE GLOBAL DECLINE IN ACTIVITY AND, OVERALL, STRONG DETERIORATION OF ECONOMIC CONDITIONS AS A CONSEQUENCE OF PANDEMIC ARE IMPACTING THE PROFITABILITY OF THE MAIN BUSINESSES OF THE COMPANY

* IT IS DIFFICULT TO PREDICT TO WHAT EXTENT AND FOR HOW LONG THE IMPACT OF THE PANDEMIC WILL AFFECT REPSOL’S BUSINESSES IN THE FUTURE

* SAYS LOWER GLOBAL DEMAND OF CRUDE OIL, GAS AND OIL PRODUCTS MAY HAVE A NEGATIVE IMPACT IN PRICES AND PRODUCTION AND SALES VOLUMES

* DETERIORATION OF GLOBAL FINANCIAL CONDITIONS MAY AFFECT COST OF CAPITAL, LIQUIDITY OR SOLVENCY OF ITS CLIENTS AND PARTNERS IN JOINT OPERATIONS Source text: bit.ly/2Ww8fHz Further company coverage: (Gdansk Newsroom)

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