Repsol SA (REP.MC) said Thursday that its fourth-quarter net profit fell largely due to an inventory effect related to fluctuations in the price of oil. "Repsol 4Q Net Profit Fell," at 0720 GMT, misstated the reason for the decline in the first paragraph. The decline stemmed mainly from an inventory effect, not from exchange-rate losses.

(END) Dow Jones Newswires

February 28, 2019 04:31 ET (09:31 GMT)

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