Repsol reports Venezuela owes the energy firm over five billion dollars
The Spanish energy giant revealed a massive multi-billion dollar debt in its annual report today. Much of this amount has already been provisioned by the firm.
Insights:
Repsol, S.A. , the energy company based in Spain 
ES, disclosed in its annual financial report published this week that the state of Venezuela 
VE owes the firm a total of 4.55 billion euros. This material disclosure, included in the company's latest financial statements, highlights a significant exposure that directly impacts the firm's reported receivables and its overall financial risk profile on the balance sheet.
ES, disclosed in its annual financial report published this week that the state of Venezuela VE owes the firm a total of 4.55 billion euros. This material disclosure, included in the company's latest financial statements, highlights a significant exposure that directly impacts the firm's reported receivables and its overall financial risk profile on the balance sheet.
