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YPF had provided Repsol with a fifth of its profits before it was nationalised.
Wall Street made much of its profits sticking it to Main Street.
BP's reputation has been torched in the US, where it earned 40% of its profits.
It makes all of its profits in the second half, which includes Christmas.
Worldwide, it says it pays out over 30% of its profits in tax.
It also diverts some of its profits through Bermuda.
It reinvests a third of its profits into social schemes such as training for unemployed people.
However, it still makes more than 75% of its profits from its domestic market.
It depends on newspapers for about 20 percent of its profits, according to Mr. Reynolds.
It still relies on South African assets for 40% of its profits, however.
Almost 90% of its profits are made outside Spain.
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