Although lower than the previous quarter, a historically strong positive performance was seen in the Upstream business, with EBITDA in the quarter of €471m (vs €575m in Q3’22 and €290m in Q4’21) mainly as a result of the continued strength in production at 81.8 kbopd(-5% vs Q3’22 and +10% vs Q4’21) and elevated crude prices.
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