Statoil STOHF STL NO Hamish Clegg Statoil STO STO US Hamish Clegg NEUTRAL BP plc BP BP US Christopher Kuplent BP ple BPAQF BP/ LN Christopher Kuplent Repsol REPYY REPYY US Hamish Clegg Repsol REPYF REP SM Hamish Clegg Total TTFNF FP FP Christopher Kuplent Total TOT TOT US Christopher Kuplent UNDERPERFORM

on wider O2 loss (-45c vs -42c ests) (trading -5%) • Lin Worldwide CEO Eric Kirchner resigns effective immediately (Ed Feitzinger to take over) • Repsol said to revive talks on purchase of Talisman Energy assets or whole co. (Bloomberg) EFTA00357139 • JCDecaux considering purchase of the European a

tiously optimistic outlook (trading +1.9%) • Anite O4 trading strong, adj profit to be at top end, margin good across the board (trading +5.1%) • Repsol O1 adj EBIT ahead, net income beats, production volumes in line (trading +0.50%) • United Drug H1 solid, on track to deliver top end of FY EPS fore

o chairman — ITMN positive guidance- SAPE eps better GIGA earnings miss — BREW cuts guidance — AWK revs beat/reaffirms guidance Swiss Re O3 beats — Repsol solid Q3 — Vallourec O3 in line - Supergroup O2 good EFTA00401938 SGL Carbon Q3 okay — Deutsche Tel Q3 inline — Morrison Q3 miss - Schroders good

ng immense power and prestige from the development of its offshore "pre- [22]petroleum reserves, Argentina has seen its energy production languish. Repsol may not be to blame for this, but many Argentineans evidently believe that, with YPF under government control, it will now be possible to accelerat

antly alter or eliminate the de minimis exemption. EFTA01656125 • Atlantic Council: A fireside chat with Josu Jon lmaz, chief executive officer of Repsol —Thursday, November 21, 2024. Location: Online event, 10:00 AM. Please join the Atlantic Council Global Energy Center on November 21, at 10:00 a.m.

ision, the government would take a 51 percent controlling stake in YPF, which is now majority- owned by Spain's largest corporation, the energy firm Repsol YPF. The seizure of its Argentinean subsidiary is seen in Madrid (and other European capitals) as a major threat that must now be combated. Spain'