Q4: Sequential Margin Expansion Supports Higher Valuation Base
27/02/26 -"The 4Q25 results showed a clear QoQ improvement, driven by a stronger downstream environment. Adjusted EBITDA reached €365m (+34% QoQ), supported by realised refining margins of $20.7/bbl (vs ..."
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94
Language
English
Published on
27/02/26
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