Fact-checked by Grok 2 weeks ago

Repsol

Repsol, S.A. is a Spanish multinational multi-energy company headquartered in Madrid, engaged in the exploration, production, refining, transport, and marketing of oil and natural gas, alongside growing investments in renewable energies and low-carbon technologies.^[1]^[2] Founded in November 1986 by the National Institute of Hydrocarbons through the integration of state-owned entities, its origins trace back to the 1927 creation of Campsa, Spain's petroleum monopoly.^[2] With over 25,000 employees, Repsol operates in more than 20 countries across four continents, serving 24 million customers daily and producing approximately 571,000 barrels of oil equivalent per day.^[1] The company has expanded internationally through key acquisitions, including 97.81% of Argentina's YPF in 1999, which bolstered its Latin American presence, and Talisman Energy in 2015, enhancing its global upstream capabilities.^[2]^[2] In response to the 2012 expropriation of YPF by the Argentine government, Repsol secured a $5 billion compensation agreement in 2014.^[2] Repsol has committed to a net-zero emissions model, achieving a 47% increase in renewable power generation in 2024, primarily from wind and solar expansions.^[3] Despite its energy transition efforts, Repsol has faced scrutiny over advertising practices, including greenwashing allegations, though it prevailed in Spain's first such court case in 2025.^[4]^[5] Regulatory investigations into market practices and tax policies have also arisen, reflecting broader tensions in the energy sector.^[6]^[7]

History

Origins and Nationalization Era (1927–1980s)

The Compañía Arrendataria del Monopolio de Petróleos S.A. (CAMPSA) was established on April 18, 1927, by decree under the Primo de Rivera dictatorship, granting the Spanish state a monopoly on petroleum imports, refining, and distribution to fund military expenses and promote national control over energy supplies.^[8] Initially structured as a mixed enterprise with the state holding a minority stake, CAMPSA rapidly evolved into a fully state-dominated entity by the late 1920s, centralizing fuel procurement amid Spain's limited domestic production and reliance on foreign imports.^[9] During Francisco Franco's regime, particularly in the autarkic phase from 1939 to 1959, CAMPSA assumed critical functions in rationing and distributing scarce petroleum products, as Spain's self-sufficiency policies restricted imports and prioritized domestic substitution amid post-Civil War isolation and World War II neutrality constraints.^[10] The company oversaw the construction and operation of key infrastructure, including expansions in storage and distribution networks, while navigating oil shortages that exacerbated economic stagnation; by the 1950s, as autarky eased with the Stabilization Plan of 1959, CAMPSA began importing larger volumes to support industrialization, though it maintained monopoly control over wholesale pricing and allocation.^[11] In parallel, the petrochemical sector advanced through entities like Refinería de Petróleos de Escombreras S.A. (REPESA), founded in 1951 as a state-linked venture to produce lubricants and chemicals from imported crudes, marking early vertical integration efforts.^[12] Exploration and refining milestones underscored CAMPSA's role in reducing import dependency during the 1960s and 1970s energy crises. The discovery of the Ayoluengo field in Burgos province in 1964 led to Spain's first commercial onshore oil production starting in 1967, peaking at 5,200 barrels per day by 1969 and contributing modestly to national output amid OPEC embargoes.^[13] CAMPSA, in coordination with state initiatives, expanded refining capacity, including the La Pica refinery in Puertollano operational by the mid-1960s, processing up to 1.5 million tons annually by decade's end to bolster domestic fuel security.^[14] These developments, however, yielded limited self-sufficiency, with imports comprising over 90% of consumption by the 1970s, prompting CAMPSA to negotiate bilateral deals for crude supply stability.^[15] The late Franco era and early democratic transition saw consolidation of fragmented state holdings. On December 18, 1981, the Instituto Nacional de Hidrocarburos (INH) was created by law to unify public interests in hydrocarbons, absorbing CAMPSA's assets, REPESA's chemical operations, and exploration ventures into a single entity managing upstream, midstream, and downstream activities.^[16] This restructuring, enacted amid Spain's push for European Economic Community accession in 1986, facilitated operational efficiencies and prepared the sector for liberalization by centralizing decision-making previously dispersed across ministries.^[10] By the late 1980s, precursors to privatization emerged as Spain aligned with EU market-opening requirements, culminating in Repsol S.A.'s formation in November 1986 under INH auspices to integrate refining, production, and marketing.^[2] In April 1989, the government initiated a partial privatization of 26% of Repsol shares, raising approximately $1.06 billion in Spain's largest such offering to date, driven by fiscal needs and commitments to reduce state dominance in energy amid post-Franco economic reforms and EC integration pressures.^[17] This step reflected causal pressures from EU directives favoring competition over monopolies, though the state retained majority control to safeguard national energy interests.^[18]

Privatization and International Growth (1990s–2000s)

The Spanish government initiated Repsol's privatization in 1989 by offering 26% of its shares to private investors in what was then Spain's largest such transaction, valued at approximately $1 billion, to enhance efficiency and attract capital for growth.^[17] This partial flotation was followed by additional share placements between 1990 and 1992, involving exchanges with state entities like the Instituto Nacional de Hidrocarburos (INH), culminating in over 90% private ownership by the mid-1990s through successive offerings on Spanish and international exchanges.^[2]^[19] Privatization freed Repsol from state budgetary constraints, enabling it to pursue aggressive upstream investments abroad to secure long-term energy supplies amid Spain's reliance on imports, with a focus on regions offering accessible reserves and favorable fiscal terms. Post-privatization, Repsol rapidly expanded internationally, integrating state explorer Hispanoil's assets to bolster upstream operations in North Africa—such as early concessions in Libya—and Latin America, where it targeted mature basins for quick production ramps.^[20] By 2000, these efforts positioned Repsol as a leading hydrocarbon producer in Venezuela through targeted acquisitions and developments, while partnerships facilitated entry into Brazilian offshore blocks, laying groundwork for pre-salt exploration via collaborations with Petrobras to share risks and leverage local expertise in deepwater drilling.^[2]^[21] Domestic ventures included exploratory drilling off the Canary Islands in the 1990s, aimed at unlocking potential Atlantic reserves to diversify from imported crude, though results were limited by geological challenges.^[16] In the early 2000s, Repsol extended into North America by acquiring leases on Alaska's North Slope, operating over 600,000 acres near established fields to tap shale and conventional plays for reserve replacement, with initial wells confirming viable prospects.^[22] These moves drove reserve and production growth; for instance, hydrocarbon output tripled in Trinidad and Tobago by 2003 via optimized developments, contributing to overall portfolio diversification that reduced Spain-centric risks and aligned with global energy market dynamics favoring integrated majors with multi-continental assets.^[2] By prioritizing regions with proven geology and state partnerships, Repsol achieved causal leverage in securing cost-effective access to 1-2 billion barrel-equivalent opportunities, underscoring a strategy grounded in resource nationalism's opportunities rather than speculative frontiers.^[23]

Major Acquisitions and Strategic Shifts (2010s)

In December 2014, Repsol announced the acquisition of Talisman Energy Inc., a Canadian oil and gas company, for $8.3 billion in cash, representing $8.00 per share and a 56% premium over Talisman's closing price prior to the deal.^[24] The transaction, completed on May 8, 2015, expanded Repsol's upstream portfolio by adding significant assets in Canada (including Montney shale gas), Southeast Asia, the North Sea, Colombia, and Norway, thereby diversifying geographic exposure beyond Latin America.^[25] Post-acquisition, Repsol's production increased by 76% to approximately 680,000 barrels of oil equivalent per day, while proved reserves grew by 55% to over 2.3 billion barrels of oil equivalent.^[26] The Talisman integration delivered operational synergies exceeding $200 million annually from asset optimization and overhead reductions, with Repsol later raising the target to $400 million amid falling oil prices.^[25]^[27] These gains stemmed from streamlined management of overlapping operations and enhanced reserve replacement, as verified in Repsol's subsequent financial disclosures, though the deal's timing exposed the combined entity to immediate commodity downturns.^[28] Facing the 2014–2016 oil price collapse, which saw Brent crude drop from over $100 per barrel to below $30, Repsol implemented aggressive cost-cutting measures, including the elimination of 1,500 positions in 2015 to reduce overheads.^[29] The company also trimmed its dividend by approximately 20% in early 2016 to preserve its investment-grade credit rating and fund core upstream investments, while optimizing its portfolio through selective asset divestitures focused on non-strategic holdings.^[30] This resilience-oriented shift, outlined in Repsol's 2016–2020 strategic plan, prioritized cash flow generation over volume growth, enabling the firm to navigate volatility without excessive debt accumulation.^[31] Amid these adaptations, Repsol pursued early diversification into liquefied natural gas (LNG) and biofuels to hedge against oil-specific risks and align with emerging demand patterns. LNG trading volumes and margins contributed €105 million in profits in 2010, supported by supply agreements like the multi-year deal with Qatargas for the Canaport terminal, reflecting a strategy to leverage global regasification infrastructure.^[32] On biofuels, Repsol advanced blending initiatives compliant with EU directives, incorporating renewable components into transport fuels since the late 1990s but scaling production and R&D in the 2010s to meet rising regulatory mandates for low-carbon alternatives.^[33] These moves positioned Repsol to capture synergies from shifting energy mixes, though they represented modest portfolio weights compared to core hydrocarbons during the decade.^[32]

Recent Strategic Updates and Transitions (2020–2025)

In the wake of the COVID-19 pandemic's demand shock and subsequent energy price volatility triggered by Russia's 2022 invasion of Ukraine, Repsol demonstrated operational resilience, achieving record net income of €4.251 billion in 2022, primarily driven by elevated oil and gas prices that boosted upstream and refining margins.^[34] This performance contrasted with earlier pandemic-era impairments, enabling the company to maintain production stability and accelerate low-carbon initiatives amid normalizing markets in 2023–2025.^[34] Repsol's February 2024 Strategic Update outlined a 2024–2027 framework emphasizing portfolio rebalancing, with planned net investments of €16–19 billion, over 35% allocated to low-carbon projects including renewables, hydrogen, and carbon capture, utilization, and storage (CCUS).^[35] ^[36] To support shareholder returns, the plan targeted up to €10 billion in dividends and buybacks through 2027, including a €700 million share buyback program in 2025 for capital reduction.^[37] ^[38] Divestments focused on non-core assets to streamline operations, such as the 2023 sale of Canadian exploration and production assets for €433 million and a 2025 divestment of Indonesian upstream holdings valued at $425 million, contributing over €1.2 billion in announced disposals for 2025 alone.^[39] ^[40] ^[38] The strategy balanced energy transition ambitions with fossil fuel continuity for reliability, allocating significant capital to upstream maintenance—averaging €2.5 billion annually in oil and gas—to sustain cash-generative production volumes around 600,000–700,000 barrels of oil equivalent per day.^[41] Low-carbon efforts included a €300 million investment in a 100 MW renewable hydrogen plant in Cartagena, Spain, approved in 2025 and slated for 2029 operations to produce 15,000 tonnes annually for industrial decarbonization, alongside CCUS pilots to capture and store CO₂ from refining processes.^[42] ^[43] ^[44] This approach prioritized verifiable technological feasibility over accelerated phase-outs, reflecting Repsol's assessment of market realities for energy security.^[35]

Corporate Structure and Identity

Naming Origins and Evolution

The Repsol name originated as a trademark for lubricating oils introduced in 1951 by REPESA, or Refinería Española de Petróleos S.A., a state-linked refinery in Cartagena established in 1940 to bolster Spain's domestic oil processing capabilities amid wartime shortages.^[45]^[2] This brand gained recognition within Spain's petroleum sector, which had been dominated since 1927 by CAMPSA (Compañía Arrendataria del Monopolio de Petróleos S.A.), the entity managing the state's import and distribution monopoly under a concession system that limited foreign competition.^[2] In November 1986, as part of restructuring the state-owned oil industry under the Instituto Nacional de Hidrocarburos (INH), Repsol S.A. was incorporated by merging entities including CAMPSA, ENPETROL, and Hispanoil, with operations commencing in 1987; the name was selected deliberately from the established REPESA lubricant trademark due to its domestic familiarity and phonetic simplicity for international audiences, signaling aspirations for a unified, export-oriented identity beyond the insular CAMPSA framework.^[2]^[14] This choice marked a departure from the monopoly-era nomenclature tied to national concessions, aligning with Spain's mid-1980s push toward economic liberalization and integration into global markets, even as the company remained fully state-controlled initially.^[19] Repsol's branding has undergone iterative refinements without altering the core name, emphasizing visual symbols of energy and horizons to reflect expansion. The inaugural logo, designed by Wolff Olins and introduced in 1987, featured a stylized sphere evoking sea, sky, and sun divided by a horizon line, symbolizing comprehensive energy integration.^[46] Subsequent updates in the 1990s and 2000s streamlined this motif for symmetry and versatility, incorporating white horizons and adjusted proportions to enhance global recognizability amid privatization (beginning in 1989) and acquisitions like YPF in 1999, which preserved dual branding to balance Spanish heritage with Latin American operations.^[47]^[48] A major visual evolution occurred in recent years, with a 2025 rebranding announced on June 18 introducing a dynamic, fluid logo variant with gradient orange-to-magenta tones, warmer hues including Repsol blue and ivory, and modern typography under the motto "With all the energy," to underscore multi-energy adaptability and stakeholder proximity in a transitioning sector.^[45]^[49] These changes perpetuate the horizon symbolism while adding volume and movement, mirroring the company's shift from a domestically focused state instrument to a shareholder-driven multinational, though critiques from business analysts note such refreshes often prioritize perceptual modernity over substantive operational pivots.^[49]

Governance, Ownership, and Leadership

Repsol maintains a highly dispersed ownership structure, with a free float exceeding 99% of its shares as of 2025, reflecting the complete dilution of any historical state ownership following privatization efforts in prior decades.^[50] Institutional investors dominate among identifiable holders, including major entities such as BlackRock, Inc., which maintains stakes through controlled subsidiaries, alongside funds like Amundi Asset Management and Eurizon Capital.^[51]^[52] This structure promotes broad shareholder accountability, with board members collectively holding approximately 0.096% of share capital, ensuring alignment with public investor interests rather than concentrated control.^[53] Leadership is headed by Chief Executive Officer Josu Jon Imaz San Miguel, appointed on April 30, 2014, and reconfirmed by shareholders through 2027, overseeing a balanced approach to energy transition amid operational challenges.^[54]^[55] The Board of Directors, capped at 16 members per bylaws with a current composition emphasizing independence, includes key figures such as Chairman Antonio Brufau Niubó and a majority of non-executive directors across specialized committees for audit, compensation, and sustainability.^[56]^[57] Board diversity incorporates gender balance and professional expertise in energy, finance, and law, with compensation frameworks linked to performance metrics including financial results, sustainability targets, and shareholder value creation.^[58] Governance practices align with EU directives and international standards for listed companies, featuring robust internal regulations, annual corporate governance reports, and mechanisms for shareholder engagement such as buyback programs and dividend distributions totaling significant returns in recent years.^[59]^[60] Committees like the Audit and Compensation bodies enforce oversight on risk management and executive pay, while compliance emphasizes transparency in reporting to mitigate regulatory burdens that lack clear empirical justification for enhanced value creation. This framework supports accountability by tying director remuneration to verifiable outcomes, reducing agency risks in a sector prone to volatile commodity influences.^[61]

Business Segments

Upstream: Exploration and Production

Repsol's upstream operations encompass the exploration, development, and production of crude oil and natural gas across multiple international basins, with a portfolio emphasizing mature fields and selective new ventures to sustain output amid volatile commodity prices and geopolitical constraints. As of year-end 2024, the company reported proved plus probable (2P) reserves totaling 2.2 billion barrels of oil equivalent (boe), comprising a mix of liquids and gas, supported by ongoing appraisal in high-potential areas.^[62] These reserves are distributed primarily in North Africa, Latin America, and Southeast Asia, with notable concentrations in Libya's Murzuq Basin, Venezuela's Orinoco Belt, and Indonesia's onshore blocks in Sumatra.^[63] Hydrocarbon production averaged 549,000 boe per day in the first half of 2025, reflecting a 6.8% year-over-year decline due to asset rotations in mature areas and divestments, though offset by efficiencies in core assets.^[64] Libya remains a cornerstone, contributing over 20% of output through operatorship in the Sharara and El Sharara fields, where production has fluctuated from geopolitical instability but benefited from phased restarts post-2020 blockades. In Venezuela, operations in joint ventures like Petroquiriquire faced heightened challenges following the U.S. revocation of Repsol's export license in March 2025, prompting €105 million in impairments and reduced lifting volumes amid secondary sanctions that limit debt repayment and technology imports.^[65] ^[66] Indonesia provides steady gas production from blocks like Southeast Jambi, enhanced by 3D seismic surveys completed in 2021 that improved subsurface imaging for targeted drilling.^[67] Exploration efforts leverage advanced seismic technologies, including high-density 3D imaging, to mitigate drilling risks in complex geologies, though recent success rates remain undisclosed in public filings; historical data indicate reserve replacement ratios exceeding 200% in peak years through data-driven well placement.^[68] Cost efficiencies have been pursued via optimized field developments and digital tools, yielding upstream adjusted income of €334 million in Q4 2024 despite lower realizations, underscoring the segment's role in funding broader corporate transitions while navigating regulatory pressures favoring low-carbon shifts that constrain new fossil investments in Europe.^[69] Geopolitical access in sanctioned regimes like Venezuela introduces volatility, as license dependencies amplify exposure to U.S. policy shifts, yet these assets provide high-margin barrels essential for baseload energy reliability absent scalable alternatives.^[70]

Downstream: Refining, Marketing, and Trading

Repsol's downstream segment integrates refining, marketing, and trading to process crude oil into finished products and distribute them globally, ensuring supply chain stability amid market fluctuations. This division processed significant volumes in 2024, with refining output reaching 48,110 thousand tons.^[71] Trading activities hedge risks through derivatives and manage logistics, while marketing focuses on retail fuels and specialties.^[72] In refining, Repsol operates seven industrial complexes with a capacity exceeding one million barrels per day, located primarily in Spain (five sites including Cartagena, Tarragona, Puertollano, A Coruña, and Bilbao), one in Sines, Portugal, and one in La Pampilla, Peru (117,000 barrels per day).^[73]^[74]^[75] These facilities produce a slate of petroleum derivatives, including gasoline, diesel, aviation fuels, and asphalt, tailored to regional demands.^[71] Spanish refineries achieved distillation utilization rates of approximately 88% in late 2024, reflecting operational resilience despite maintenance and market pressures.^[76] Marketing encompasses Repsol's network of over 4,000 service stations worldwide, concentrated in Spain, Portugal, Peru, and select international markets, providing fuels and ancillary services.^[77] The company also distributes lubricants to more than 90 countries, leveraging production facilities in Spain, Mexico, Indonesia, and Singapore for global reach.^[78] This retail infrastructure supports consistent revenue streams, bolstered by supply chain integration from upstream and refining operations. Repsol's trading operations, conducted via Repsol Oil & Gas Trading, handle crude oil, refined products, natural gas, and LNG, including maritime transport and financial hedging to mitigate price volatility.^[72]^[79] These activities enhance supply resilience, with LNG trading volumes contributing positively to earnings in periods of market strength, such as improved margins in early 2025.^[80] Efficiency initiatives have driven downstream performance, including process optimizations that reduced verified CO₂ emissions by over 610 kilotons across industrial sites from 2021 to 2024, incorporating energy-saving technologies.^[81] However, refining margins remain volatile, pressured by crude price swings, geopolitical tensions, and regulatory demands from EU decarbonization policies that elevate compliance costs and constrain traditional operations; first-quarter 2025 margins rose to $5.3 per barrel amid diesel demand but faced year-on-year declines.^[82]^[83]^[69]

Chemicals and Industrial Operations

Repsol's chemicals operations, managed through Repsol Química, focus on producing olefins such as ethylene and propylene, alongside polymers including polyethylene and polypropylene. These activities are concentrated at three major petrochemical complexes: Puertollano and Tarragona in Spain, and Sines in Portugal. The Puertollano site features specialized production lines, including a planned 15,000 tonnes per year ultra-high molecular weight polyethylene (UHMWPE) plant set to start in 2026, supported by a €105 million investment. Tarragona produces 450,000 metric tons of styrene and 200,000 metric tons of propylene oxide annually. In Sines, the steam cracker delivers 410,000 tonnes per year of ethylene and 220,000 tonnes per year of propylene, with expansions adding 600,000 tonnes per year of polypropylene and linear low-density polyethylene capacity completed in recent years.^[84]^[85]^[86]^[87]^[88] Integration with Repsol's refining operations enhances feedstock efficiency, utilizing byproducts like naphtha and other refinery streams as inputs for petrochemical processes, reducing external dependencies and optimizing overall industrial yields. This vertical synergy supports cost-effective production of basic chemicals and derivatives, positioning Repsol as a key player in Europe's petrochemical supply chain.^[81]^[71] Industrial operations extend to gas and power trading, as well as liquefied petroleum gas (LPG) distribution, with dominance in the Iberian market. In the first half of 2024, Repsol traded 2,946 GWh of electricity and 1,128 GWh of gas. LPG activities cover bottled, bulk, and AutoGas formats across Spain, Portugal, and France, leveraging extensive wholesale networks for regional supply stability. These segments contribute to supply chain resilience and economic value through direct employment and indirect multipliers, such as 200 construction jobs from recent Puertollano expansions, bolstering local industrial ecosystems in Spain.^[89]^[90]^[91]

Renewables, Hydrogen, and Low-Carbon Ventures

Repsol has committed to achieving net zero emissions across its operations and products by 2050, in alignment with the Paris Agreement, through a combination of efficiency improvements, low-carbon technology deployment, and portfolio adjustments that maintain fossil fuel contributions for energy stability.^[92]^[93] This goal includes interim targets for reducing the carbon intensity indicator by 15% by 2025, 28% by 2030, and 55% by 2040 from a 2016 baseline.^[93] However, as of May 2025, renewables represent a modest fraction of Repsol's overall energy portfolio, with fossil fuels comprising over 80% of production, underscoring the practical limits of rapid decarbonization amid grid intermittency and high integration costs.^[94] In renewables, Repsol operates 3.7 GW of wind and solar capacity as of May 2025, with 3.1 GW under construction, approaching over 65% of its 2025 target for installed renewable electricity generation exceeding 6.9 GW.^[94]^[73] Key projects include a 777 MW wind farm cluster in Aragon, Spain, and U.S. expansions targeting 2.1 GW by year-end 2025.^[95]^[96] These efforts contribute efficiency gains in power generation but face scalability hurdles, such as variable output requiring backup from dispatchable sources and dependence on subsidies, which have led to uneven global deployment rates.^[97] Hydrogen initiatives focus on green production pilots, with Repsol planning final investment decisions on 350 MW of electrolyzer capacity by mid-2026, including a 100 MW facility at its Cartagena refinery set for operation in 2029.^[98]^[42] The T-HYNET project at Tarragona aims for industrial-scale renewable hydrogen from electrolysis, while partnerships like Stargate Hydrogen target cost reductions.^[99]^[100] Economic viability remains challenged, as evidenced by the cancellation of a 130-200 MW project in Puertollano in July 2025 due to technical and cost barriers.^[101]^[102] Low-carbon ventures include carbon capture, utilization, and storage (CCUS) technologies for CO2 management and biofuels production, such as the first Iberian plant for 100% renewable gasoline and sustainable aviation fuel at Cartagena, scaling to 200,000 tons annually by 2026.^[103]^[104] Repsol allocates over 35% of 2024-2027 capital expenditures to these areas, including advanced biofuels from waste and low-carbon hydrogen from biomethane.^[97]^[105] While these enable targeted emission reductions in hard-to-abate sectors, broader adoption is constrained by policy incentives and infrastructure gaps, with biofuels' land-use impacts and CCUS's energy penalties highlighting trade-offs against fossil-based stability.^[106]^[107]

Financial Performance and Market Position

Historical Financial Trends

Repsol's financial performance has historically mirrored global commodity price cycles, with revenue and net income surging during periods of elevated oil and gas prices driven by geopolitical tensions, supply constraints from OPEC+ decisions, and robust demand, while experiencing contractions amid price slumps from oversupply or economic downturns. For instance, net income reached €4.25 billion in 2022, reflecting heightened energy prices following Russia's invasion of Ukraine and subsequent supply disruptions, a sharp rise from €2.5 billion in 2021. Earlier cycles showed similar patterns, with profitability peaking in the mid-2000s oil boom—exacerbated by OPEC production quotas—and plummeting during the 2014–2016 downturn when Brent crude fell below $30 per barrel due to U.S. shale oversupply and delayed OPEC responses, leading to operational impairments and cost pressures. Internal strategies, such as portfolio optimization and cost discipline, mitigated but did not fully insulate against these exogenous shocks, as upstream segments, which contribute disproportionately to earnings, remain sensitive to Brent pricing above $50–60 per barrel for sustained returns.^[108] Debt levels, which ballooned post the 1999 merger with YPF and further acquisitions, prompted a deleveraging focus after the 2014–2016 oil crash, when net debt-to-EBITDA ratios exceeded 3x amid negative free cash flow. From 2016 onward, Repsol executed asset sales, capex restraint, and operational efficiencies to reduce gross debt from over €25 billion in 2015 to investment-grade levels, achieving a BBB+ rating affirmation by Fitch in 2016 and maintaining it through disciplined cash flow allocation prioritizing debt repayment over aggressive expansion. This shift lowered financial risk, with leverage ratios stabilizing below 2x by the early 2020s, enabling resilience against volatility; however, causal factors included not only internal capital discipline but also recovering hydrocarbon prices, underscoring that while management efficiencies enhanced solvency, commodity tailwinds were pivotal in restoring creditor confidence.^[109] Key efficiency metrics like return on capital employed (ROCE) evolved from sub-5% troughs in low-price eras—reflecting impaired assets and halted projects—to mid-teens peaks in favorable cycles, bolstered by post-2016 capex evolution from €4–5 billion annually in exploration-heavy years to €2–3 billion in maintenance-focused phases emphasizing high-return assets. Capex cuts during 2015–2020 prioritized cash preservation over growth, yielding ROCE improvements through selective divestments and digital efficiencies in refining, though persistent OPEC+ supply management influenced input costs more than operational tweaks alone. These ratios highlight a strategic pivot toward capital allocation discipline, reducing exposure to boom-bust cycles via diversified downstream buffers, yet underscoring that internal ROCE gains often amplified rather than decoupled from external price dynamics.^[110] Shareholder returns emphasized value discipline, with dividends delivering an average yield of 4–5% over the 2010s–2020s, calibrated to 40–50% of free cash flow to balance payouts against reinvestment needs, alongside periodic buybacks totaling billions in euros to signal confidence during undervalued periods. Buyback programs, such as those executed in 2022–2023, complemented dividends by retiring shares amid low multiples, enhancing earnings per share amid volatile profits; this approach reflected causal realism in rewarding investors during high-cash eras while preserving liquidity in downturns, though yields fluctuated with share prices tied to energy sentiment rather than isolated corporate actions.^[111]^[112]

Recent Results and Outlook (2023–2025)

In 2024, Repsol recorded an adjusted income of €1,460 million, reflecting a year-on-year decline primarily due to lower refining results, contributions from Repsol Peru, and wholesale operations, amid normalizing energy prices following the 2022 peaks.^[113] This performance underscored operational resilience, with the company increasing its cash dividend to €0.90 per share, a roughly 30% rise from 2023 levels, supported by disciplined capital allocation across its integrated portfolio.^[114] For the first half of 2025, Repsol reported a net income of €603 million, down 62.9% from the prior-year period, attributable to falling crude oil prices and a nationwide power outage in Spain impacting refining and power generation.^[64] ^[115] Adjusted income for the period stood at €230 million, highlighting pressures in downstream segments, yet cash flow from operations reached €2,860 million, bolstered by working capital efficiencies.^[116] On July 24, 2025, the company announced a €350 million share buyback program to reduce capital and enhance shareholder returns, complementing earlier 2025 repurchases and maintaining a total payout commitment of €700 million in buybacks for the year.^[64] ^[38] Looking ahead, Repsol guided for approximately €6 billion in cash flow from operations in 2025 under a base case of $70 per barrel Brent crude and a $4.6 per barrel refining margin indicator, with expectations for refining margins to stabilize around $6 per barrel through the period.^[117] ^[118] The company's diversified exposure across upstream production, refining, and low-carbon initiatives positions it to generate sustained free cash flow, prioritizing empirical returns from core hydrocarbon assets over accelerated shifts driven by policy mandates.^[35] Analyst coverage reflects optimism, with JPMorgan maintaining an overweight rating and a €16 price target as of September 2025, citing diesel market dynamics and valuation upside.^[119] Risks include volatile energy policies and refining margin compression, though the integrated model's historical stability mitigates ideological transition uncertainties.^[120]

Key Acquisitions, Divestments, and Legal Disputes

Talisman Energy Acquisition (2014)

On December 16, 2014, Repsol announced an agreement to acquire Talisman Energy Inc., a Canadian oil and gas company, for $8.00 per share in an all-cash transaction valued at $8.3 billion in equity, plus assumption of approximately $4.7 billion in net debt, for a total enterprise value of about $13 billion.^[25]^[24] The deal, which represented a 56% premium to Talisman's closing share price prior to the announcement, was completed on May 8, 2015, after shareholder and regulatory approvals.^[24]^[121] Strategically, the acquisition aimed to diversify Repsol's upstream portfolio beyond its core Latin American and Iberian assets by adding Talisman's holdings in stable jurisdictions, including shale plays in Canada's Montney and Duvernay formations, mature North Sea fields in the UK and Norway, and Southeast Asian operations in Indonesia and Malaysia.^[25]^[122] The transaction immediately accreted scale to Repsol's exploration and production segment, boosting daily output by 76% to 680,000 barrels of oil equivalent (boe) and increasing proved reserves by 55% to more than 2.3 billion boe, with Talisman's assets contributing diversified exposure to natural gas-heavy regions that complemented Repsol's oil-focused operations.^[25]^[26] Integration efforts targeted cost synergies, initially projected at over $200 million annually but later revised upward to $400 million per year through operational efficiencies, supply chain optimizations, and workforce reductions of about 1,500 jobs over three years.^[26]^[123]^[124] These savings materialized progressively post-closing, supporting Repsol's leverage reduction amid volatile markets.^[125] Despite short-term headwinds from the 2014–2016 oil price collapse—from over $100 per barrel to below $30—Talisman's assets faced impairments, including Talisman's pre-closing writedowns of $1.37 billion on North Sea and U.S. shale holdings, followed by Repsol's €2.96 billion group-wide charge in 2016 partly attributable to acquired properties.^[126]^[123] Critics highlighted the acquisition's timing and premium as potential overpayment risks, given Talisman's prior underperformance and exposure to high-cost assets, which contributed to operating losses on those properties in early post-deal years.^[24]^[27] However, longer-term outcomes demonstrated value through geographic diversification and production stability; by 2016, integrated upstream output metrics reflected sustained contributions from Talisman's low-decline Canadian gas assets, aiding Repsol's resilience during the downturn and enabling subsequent divestments of non-core holdings for cash generation.^[28]^[127]

YPF Expropriation and Ongoing Litigation (2012–Present)

On April 16, 2012, Argentine President Cristina Fernández de Kirchner announced via decree the expropriation of 51% of YPF S.A.'s shares held by Repsol, citing the public interest in achieving energy self-sufficiency amid declining production and reserves under private control.^[128] The Argentine Congress subsequently approved Law 26.741 on May 3, 2012, authorizing the seizure specifically from Repsol, which controlled approximately 57.4% of YPF prior to the action, reducing its stake to 12.4% initially.^[129] Repsol condemned the move as an illegal expropriation violating YPF's bylaws, which required equal treatment for all shareholders in any transfer of control, and demanded compensation exceeding $10.5 billion based on market valuations and lost future earnings.^[130] In February 2014, Repsol reached a settlement with Argentina for $5 billion in government bonds, payable in installments, which the company accepted as resolving its direct claims while withdrawing international arbitration threats; Repsol later sold its remaining YPF stake in May 2014, exiting operations in Argentina.^[131] ^[132] However, the selective nature of the expropriation—targeting Repsol's shares while sparing those of Argentine minority holders like the Petersen Group (25.46% stake)—triggered separate lawsuits from affected investors, alleging breach of YPF's shareholder agreement requiring supermajority approval and pro-rata offers for control changes.^[133] Litigation persists as of October 2025, primarily through Petersen Energía Inversora and Eton Park Capital, funded by Burford Capital, which acquired claims via Petersen’s 2015 bankruptcy proceedings in Spain.^[134] A U.S. District Court in New York awarded $16.1 billion in September 2023 for damages, including lost dividends and share value, prompting a June 2025 order to transfer Argentina's 51% YPF Class D shares to plaintiffs to satisfy the judgment.^[135] Argentina appealed, securing a temporary halt from the Second Circuit on August 15, 2025, amid arguments over sovereign immunity and discovery disputes, including demands for ministerial communications; the U.S. Department of Justice filed a brief supporting Argentina's position against share transfer.^[136] ^[137] Burford anticipates resolution timelines extending into 2026, with Argentina contesting the award's validity under bilateral investment treaties.^[138] The expropriation chilled foreign direct investment (FDI) in Argentina's energy sector, with empirical data showing FDI inflows dropping sharply post-2012 and Vaca Muerta shale development lagging due to heightened political risk and underinvestment under state control, despite joint ventures enabling some foreign participation.^[139] ^[140] Argentine officials framed the action as reclaiming sovereignty over strategic resources discovered under prior privatization, arguing it spurred national investment in reserves like Vaca Muerta.^[130] Repsol and litigating shareholders countered that the breach eroded property rights, causally linking the event to sustained capital flight and production stagnation—oil output fell 6% in 2012-2013—evidencing broader economic harm from selective nationalization over market-driven exploration.^[141]^[139]

Environmental Impact and Sustainability

Operational Incidents and Regulatory Compliance

On January 15, 2022, a pipeline rupture at Repsol's La Pampilla refinery near Lima, Peru, released approximately 11,900 barrels of crude oil into the Pacific Ocean during tanker offloading operations, contaminating over 20 beaches and affecting marine protected areas.^[142] The spill, triggered by rough seas damaging an underwater pipeline, led to immediate environmental response efforts, including deployment of booms and dispersants, though recovery of all spilled oil proved impossible due to dispersion and submersion.^[143] Repsol estimated cleanup and remediation costs exceeding $65 million, with operations involving manual beach cleaning and wildlife rehabilitation; however, as of early 2025, approximately 60% of the oil remained unrecovered, and critiques persisted regarding incomplete rehabilitation plans for affected ecosystems like Ancón bay.^[144]^[145] Historical records indicate fewer large-scale spills directly attributable to Repsol in the Iberian Peninsula, though the company faced investigations for minor spillages during seismic prospecting off the Canary Islands in 2010, where courts probed potential responsibility without confirming major environmental breaches.^[146] Such events underscore operational risks inherent to upstream exploration in seismically active or coastal zones, common across the oil sector, rather than indicating systemic failures unique to Repsol. In broader compliance, Repsol has incurred penalties for isolated regulatory lapses, including a €5 million fine from Spain's National Markets and Competition Commission in 2020 for non-compliance with prior merger conditions, though not directly tied to emissions or spills.^[147] Repsol maintains adherence to the European Union Emissions Trading System (EU ETS) as a covered entity, surrendering allowances for verified emissions from its refining and power operations, but has faced fines for infractions, such as UK government penalties in 2020 alongside joint venture partners for reporting discrepancies.^[148] In the North Sea, Repsol Resources North Sea UK Limited was fined £160,000 in 2023 by the North Sea Transition Authority for exceeding permitted flaring and venting by over 73 tonnes of gas, equivalent to avoidable greenhouse gas emissions; the company accepted the penalty without contest and committed to enhanced monitoring.^[149] These incidents reflect enforceable regulatory frameworks mitigating risks, with penalties funding oversight rather than signaling pervasive non-compliance, as Repsol's overall safety indicators show declining incident rates per its annual reports.^[150]

Emission Reductions, Energy Efficiency, and Net Zero Commitments

Repsol has committed to achieving net zero greenhouse gas emissions across scopes 1, 2, and 3 by 2050, encompassing 91% of its total emissions, including 100% of operated scope 1 and 2 emissions and significant scope 3 categories.^[92] This target aligns with a tech-neutral strategy emphasizing carbon capture, utilization, and storage (CCUS), hydrogen production, and low-carbon fuels to balance emissions with removals, rather than abrupt fossil fuel phase-outs that could disrupt energy supply reliability.^[106] Intermediate milestones include reducing the company's carbon intensity indicator by 15% by 2025, 28% by 2030, and 55% by 2040, with net zero scope 1 and 2 emissions in operated assets by 2050.^[93]^[151] In energy efficiency, Repsol reduced energy consumption across its industrial centers by 20% between 2011 and 2022 through process optimizations and technology upgrades.^[152] The company has also cut scope 1 and 2 emissions intensity in operated upstream assets by over 20% since 2015, prioritizing measurable operational improvements over regulatory mandates alone.^[152] These efforts underscore a pragmatic approach, leveraging existing hydrocarbon infrastructure to fund and stabilize the transition to lower-carbon alternatives, thereby mitigating risks of energy shortages seen in accelerated decarbonization scenarios elsewhere.^[151] Methane emissions reductions form a core component, with Repsol targeting an intensity of 0.20% in operated exploration and production assets by 2025—a benchmark for operational excellence.^[151] Upstream operated methane intensity reached 0.12% as of recent reporting, reflecting a 62% decline since 2017 via leak detection technologies, equipment upgrades, and flaring minimization.^[153] Repsol participates in initiatives like the Oil and Gas Methane Partnership 2.0 and endorses internal carbon pricing to incentivize such cuts, demonstrating that targeted interventions in fossil operations can yield substantial environmental gains without compromising energy affordability.^[151] This gradualist framework supports sustained investment in CCUS and hydrogen, essential for hard-to-abate sectors, contrasting with policies that overlook the causal link between reliable baseload power and viable low-carbon scaling.^[106]

Criticisms of Greenwashing and Transition Realities

In June 2023, the UK's Advertising Standards Authority banned a Repsol advertisement that promoted low-carbon investments, ruling it misleading for omitting that oil and gas activities accounted for the vast majority—over 80%—of the company's portfolio and revenue at the time.^[154] ^[155] A subsequent October 2023 ASA decision upheld a complaint against another Repsol ad touting renewable hydrogen production, citing the omission of the firm's predominant fossil fuel operations as likely to confuse consumers and investors regarding the scale of its energy transition efforts.^[156] ^[157] Following the January 2022 Ventanilla oil spill off Peru's coast, which released an estimated 12,000 barrels of crude into marine and coastal ecosystems, Repsol encountered allegations of negligence in spill containment, cleanup operations, and data reporting, with independent assessments indicating that up to 60% of spilled oil remained unremediated three years later.^[145] These claims, amplified by affected communities and environmental groups, have fueled broader critiques of Repsol's environmental stewardship amid its sustainability branding, though Peruvian regulatory probes attributed partial responsibility to seismic activity disrupting operations.^[158] Repsol has countered greenwashing accusations by emphasizing verifiable low-carbon allocations, directing about 35% of its 2023 capital expenditures—equivalent to roughly €1.8 billion—to renewables, hydrogen, and related ventures, with strategic plans committing over 35% of €16-19 billion in total investments through 2027.^[159] ^[97] The company argues its annual integrated reports provide full portfolio transparency, including fossil fuel dominance, and that ad regulators' focus on omissions overlooks the necessity of continued hydrocarbon production to fund and bridge transitions without compromising energy reliability. Such criticisms, often advanced by activist organizations, have been critiqued for ideological overreach that disregards causal realities of energy systems: renewables' intermittency demands dispatchable fossil backups to avert blackouts, as evidenced by grid instability in high-renewable penetration scenarios, while vast land requirements for wind and solar—potentially exceeding available arable space in dense regions—limit scalability absent technological breakthroughs. Repsol's maintained fossil focus aligns with empirical demand projections, where global oil and gas supply must expand through 2030 to meet rising needs in developing economies, underscoring a pragmatic multi-source strategy over unsubstantiated calls for immediate phase-outs that risk economic disruption. Sources amplifying greenwashing narratives, including certain NGOs and media outlets, exhibit patterns of selective emphasis on aspirational claims while downplaying operational necessities, potentially reflecting broader institutional biases toward alarmist interpretations of climate data.

Sponsorships, Public Relations, and Economic Contributions

Sports and Cultural Sponsorships

![Repsol-sponsored MotoGP riders Marc Márquez and Pol Espargaró in 2021][float-right] Repsol has maintained a prominent presence in motorsport, particularly through its long-term sponsorship of the Repsol Honda team in MotoGP from 1995 to 2024, during which the team secured 15 world championships and contributed to technological advancements, including the development of biofuels aligned with sustainable racing initiatives.^[160]^[161] The distinctive orange and blue livery of Repsol machines has provided extensive global brand visibility, reaching millions of viewers annually through broadcasts and events, thereby associating the company with innovation and performance in energy-efficient mobility solutions.^[162] Following the end of the Honda title sponsorship, Repsol announced a return to MotoGP in 2026 as the exclusive lubricant supplier for Moto2 and Moto3 classes, extending its commitment through 2030 to support emerging talent and maintain paddock presence.^[163] In sailing, Repsol partnered with SailGP to promote energy transition goals, leveraging the high-speed racing series to highlight sustainable technologies and reduce carbon emissions in maritime applications.^[164] This collaboration underscores Repsol's strategy to link sponsorships with its multi-energy portfolio, fostering community engagement around environmental challenges while enhancing brand recall in international audiences. On the cultural front, through Fundación Repsol, the company has supported contemporary art initiatives, including a 2019 collaboration with the Museu d'Art Contemporani de Barcelona (MACBA) to distribute 41 artworks for educational accessibility, broadening public exposure to modern Spanish and international pieces.^[165] In 2024, Repsol sponsored major music festivals across Spain and Portugal via agreements with six leading promoters, integrating multi-energy branding into events that draw hundreds of thousands of attendees, thereby boosting regional cultural vibrancy and youth-oriented marketing.^[166] Board affiliations with institutions like the Bilbao Fine Arts Museum and Guggenheim Museum Foundation further facilitate targeted patronage in visual arts, prioritizing heritage preservation in Repsol's home regions.^[58] These sponsorships have demonstrated marketing efficiency through measurable visibility gains, though critics argue the funds—estimated in tens of millions annually for flagship deals like MotoGP—represent opportunity costs that could alternatively fund direct R&D in low-carbon technologies, with ROI varying by metric from brand lift studies showing positive purchase intent correlations in emerging markets.^[167]

Broader Economic and Energy Security Roles

Repsol supports Spain's economy through direct employment of over 25,000 individuals globally as of 2024, with a substantial portion tied to its domestic operations in exploration, refining, and downstream activities.^[168] The company's tax contributions in Spain reached €8.427 billion in 2024, representing a critical inflow to public finances amid broader fiscal pressures.^[169] With global revenues of approximately €57 billion in 2024, Repsol's integrated model generates value chains that amplify economic multipliers in energy-intensive sectors, fostering ancillary jobs and supplier ecosystems despite limited direct GDP attribution data.^[170] In energy security, Repsol's dominance in Spain's refining landscape—operating the majority of the country's over 1.5 million barrels per day capacity—enables domestic processing of imported crude, mitigating risks from product import disruptions and stabilizing supply for transportation and industry.^[171] Following Russia's 2022 invasion of Ukraine, Spain's LNG infrastructure, bolstered by Repsol's trading and supply chain roles, facilitated EU-wide diversification; Repsol's LNG deals, such as supplying 1 million tons to partners from 2025 onward, underscore its contribution to non-Russian gas volumes amid Europe's push to reduce pipeline dependence.^[172] This reliability contrasts with intermittent renewables, which empirical grid data shows require fossil backups for baseload stability, as evidenced by Spain's continued 70%+ fossil reliance in power generation despite subsidies.^[173] Repsol's operations prioritize verifiable net benefits like affordable energy access and innovation in efficient extraction, countering overemphasis on externalities in policy discourse; causal analysis reveals that premature fossil phase-outs elevate costs without proportional emission cuts, as global data post-Paris Agreement indicates persistent rises in absolute CO2 from developing economies.^[174] By sustaining supply amid volatility, Repsol enhances resilience, with domestic refining and LNG imports yielding lower effective import dependence than pure renewable scenarios reliant on variable weather and critical mineral imports.^[175]

References

[1]
Our company | Repsol
An energy company committed to making energy more useful and accessible. We develop solutions that support people in their daily lives.
[2]
The history of Repsol: nine decades of building the future
Learn about the history of our company, from Campsa's origins to the birth of the Repsol brand in the 1980s.A Run Through Of Everyone's... · Internationalization And... · Value Creation (2013-Today)
[3]
Repsol (Spain) raised its renewable power generation by 47% in 2024
Feb 24, 2025 · Repsol managed to increase its renewable power production by 47% in 2024 (compared to 2023), with wind and solar alone seeing an annual increase of 67%.Missing: multinational | Show results with:multinational<|separator|>
[4]
Madrid office achieves remarkable success for REPSOL in the first ...
Feb 28, 2025 · Madrid office achieves remarkable success for REPSOL in the first environmental advertising claims and greenwashing case in Spain. 28 February ...
[5]
Analysis of the Iberdrola vs Repsol judgment first ruling in Spain on ...
Apr 3, 2025 · The claim alleged that Repsol had engaged in misleading, unlawful and unfair advertising practices, in breach of Articles 5 and 7 (in ...
[6]
Spanish competition watchdog investigates oil company Repsol
Dec 26, 2023 · Repsol has been fiercely critical of a potential extension of a 1.2% tax on energy companies' turnover, saying the government's proposals ...
[7]
Spanish Regulator Probes Repsol Over Allegations of Market ...
Jan 1, 2024 · The accusations suggest that the company provided additional fuel discounts to customers using its service stations through applications or ...
[8]
The Nationalization Of The Petroleum Industry In Spain, 1927-1929
Dec 21, 1976 · In 1927 Spain established a national monopoly over the petroleum industry. This was part of a general program of economic nationalism which was ...
[9]
ORIGINS: CAMPSA (1927-1985) - RepSucm
Nov 15, 2013 · Originally, CAMPSA was a mixed company in which the State, which gained the concession in 1927, had a minority stake. The creation of CAMPSA ...Missing: 1981 | Show results with:1981
[10]
Spain - ENERGY - Country Studies
... (Instituto Nacional de Hidrocarburos--INH) was formed in 1981 in order to direct CAMPSA and those parts of the oil, gas, and petrochemical industry ...
[11]
[PDF] Autarky in Franco's Spain: The costs of a closed economy
Feb 21, 2023 · Abstract. Between the 1940s and 1970s, Spain used a variety of eco- nomic policies that hindered international trade. Because.
[12]
Synthetic fuels in Spain, 1942-66: The failure of Franco's autarkic ...
Aug 4, 2025 · Two oil companies led these activities: CAMPSA, a state-run petroleum monopoly established in 1927; and CEPSA, a fully private Spanish company ...
[13]
https://www.aapg.org/news-and-media/details/explorer/articleid/26767/spains-oldest-and-only-onshore-oilfield
[14]
Repsol S.A. -- Company History
Ironically, the country's first refinery was built in the Canary Islands by Compañia Española de Petróleos S.A. (CEPSA), a private company, in 1930. The islands ...
[15]
[PDF] The Allies, Spain, and Oil in World War II Leonard Caruana and
The information about Spanish consumption, moreover, is complete because there was a monopoly, CAMPSA, that distributed the oil at 54 installations in Spain, ...
[16]
Repsol SA | Encyclopedia.com
... Instituto Nacional de Hidrocarburos (INH), Repsol's direct predecessor. On December 18, 1981, all public participations in the oil sector were brought ...
[17]
SPANISH STATE OIL FIRM TAKES STEP TOWARD GOING ...
Apr 21, 1989 · MADRID, APRIL 20 -- Spain's state-owned oil company, Repsol SA, today began a key phase of its $1.06 billion partial privatization, the ...Missing: integration | Show results with:integration
[18]
[PDF] Privatisation Policy in Spain: Stuck Between Liberalisation and the ...
Repsol, Endesa and Telefonica, were protected from foreign and domestic competitors well after Spain's integration to Europe in 1986. In this respect, the.
[19]
History of Repsol S.A. – FundingUniverse
Repsol is Spain's first integrated international company in a national oil industry that, although dating back centuries, was relatively small and unimportant ...Missing: origins 1952
[20]
Organismos - SEPI
HISPANOIL, for oil exploration abroad,; UNINSA, the result of the merger of three Asturian steel-making companies,; HUNOSA, also the product of the merger of ...
[21]
Repsol fine-tuning international strategy for growth, repositioning
Repsol has become a global power by strategically investing first in the Latin American energy industry, then in petroleum projects in Northern Africa. Its ...
[22]
[PDF] Repsol in Alaska: the story behind a big discovery - Enerclub
With this entry Repsol began operating exploration on a land po- sition that was in excess of 600,000 acres, in and around major producing units opera- ted by ...
[23]
Repsol SA | Spanish Oil & Gas Company, Alternative Energy
The company was organized in 1987 upon the consolidation of a number of Spanish state-owned companies engaged in exploration, production, refining, transport, ...
[24]
Repsol to buy Talisman Energy for hefty premium - Reuters
Dec 16, 2014 · Under the proposed deal, the $8.3 billion in cash Repsol will pay for Talisman shares represents a 56 percent premium to the Calgary-based ...Missing: details | Show results with:details
[25]
[PDF] Acquisition of Talisman Energy Inc. for USD 8.3 billion - Repsol
Dec 16, 2014 · Additionally, the combined management of assets will represent synergies of more than US$200 million a year, basically from the optimization of ...
[26]
Repsol Splashes into M&A Market with $13 Billion Acquisition of ...
Spain's Repsol (ticker: REPYY) made the first splash with the US$13.0 billion acquisition of Talisman Energy (ticker: TLM) on December 16, 2014.Missing: details | Show results with:details
[27]
Repsol cuts dividend a crude slump casts doubt on Talisman deal
Feb 25, 2016 · Repsol last month doubled its annual target for synergies from the Talisman acquisition to $400 million. The company reported that refining ...
[28]
Repsol's Acquisition of Talisman Will Strengthen Business Profile
May 8, 2015 · On 16 December 2014, Repsol announced the acquisition of all outstanding Talisman common shares for USD8.3bn in an all-cash, partially debt- ...
[29]
https://www.wsj.com/articles/repsol-to-cut-1-500-positions-in-cost-cutting-drive-1443717608
[30]
Oil, Gas Pricing Drop Drags Down Spain's Repsol - Forbes
Feb 28, 2016 · The company's earnings came with the news that Repsol would cut its dividend by about 20 percent in an attempt to sustain its investment grade ...
[31]
Repsol: Strategic Plan 2016-2020 | PDF - Slideshare
The document outlines Repsol's strategic plan for 2016-2020, emphasizing a shift from growth to value delivery while maintaining resilience and shareholder ...
[32]
[PDF] Consolidated management report 2010 Repsol YPF Group
May 11, 2001 · A multi-year LNG supply agreement was signed in 2010 with Qatargas for the Canaport LNG plant. The supply will be carried out using Q-Flex ...
[33]
Setting a course for net-zero: Repsol's role in the energy transition
Oct 15, 2020 · Due to the important role biofuels play in reducing emissions, Repsol began working strategically on different low-carbon solutions applied ...
[34]
Net income of €4.251 billion in 2022 and historic investments in 2023
Feb 16, 2023 · Repsol obtained net income of €4.251 billion, of which close to 64% came from the international business.
[35]
Strategic plan 2024-2027: advance with all the energies - Repsol
The update of our 2024-2027 plan explores an ambitious but realistic energy transition. We prioritize investment in quality assets, low-emission projects.
[36]
Repsol Reveals Strategic 2024-2027 Update [PDF Downloads]
Feb 22, 2024 · Repsol will post net investment of between 16bn and 19bn euros over four years and will allocate more than 35% to low-carbon initiatives. The ...
[37]
Repsol to return up to 10 billion euros to shareholders by 2027
Feb 22, 2024 · Spanish oil company Repsol (REP.MC) will hand shareholders up to 10 billion euros ($11 billion) via dividends and buybacks through 2027.
[38]
[PDF] Q2 2025 results - Repsol
Jul 22, 2025 · In total, the company plans to carry out share buybacks amounting to €700 million to reduce capital in 2025. 1 Gearing ratio defined as: Net ...
[39]
Repsol sells Canadian oil, gas exploration, production assets to ...
Sep 8, 2023 · Repsol has agreed to sell its oil and gas assets in Canada to Peyto for $468 million (approximately €433 million) as part of its ongoing portfolio management.<|separator|>
[40]
Repsol's Bold Pivot: From Oil to Renewables—A Strategic Shift for ...
Jun 26, 2025 · Repsol, the Spanish energy giant, has taken a decisive step in this direction with its $425 million divestment of Indonesian upstream assets and the $4.8 ...
[41]
[PDF] ASSESSMENT OF REPSOL'S CLIMATE STRATEGY
Given that we can't limit global warming to 1.5°C without gradually reducing hydrocarbon production, has Repsol given up on developing new oil and gas projects?
[42]
Repsol to build its first large-scale renewable hydrogen plant in ...
Sep 30, 2025 · The plant is expected to be operational in 2029, representing a milestone for the Hydrogen Valley of the Region of Murcia, one of Spain's most ...
[43]
Spain's Repsol Invests €300 Million in Cartagena Renewable ...
Oct 2, 2025 · The project features a 100 MW electrolyzer capable of producing around 15,000 tonnes of renewable hydrogen annually, aimed at reducing carbon ...
[44]
Capturing and storing CO₂: key technology to reduce emissions
Mar 18, 2025 · Discover how CO₂ capture and storage has become a key tool to reduce emissions and advance towards a low-carbon economy.
[45]
An evolution of the brand with all the energy - Repsol Lubricants
Repsol's history is deeply linked to lubricants. It was in 1951 when Repesa launched a line of lubricants under the name "Repsol". That was the starting point ...
[46]
Repsol | Logopedia | Fandom
1987–1997. In 1987, a new logo was adopted by the brand, developed by Wolff Olins; this coincided with the formation of Repsol as a group of companies, ...
[47]
Repsol logo and symbol, meaning, history, PNG
Sep 21, 2025 · The emblem became more voluminous and gained a new color palette, consisting of gradient orange shades with glossy and transparent areas.
[48]
Repsol Logo, symbol, meaning, history, PNG, brand - Logos-world
Designers retained the horizon, only shortened it, and changed its color to white. They also removed the irregularities, making the image more symmetrical. The ...
[49]
Our brand, a reflection of our DNA | Repsol
We have been transforming ourselves for years to offer you the energy you need. And now we're also evolving our visual identity to represent who we really are.
[50]
Repsol, SA (REP.MC) Shares Outstanding - MLQ.ai | Stocks
... Free Float: 99.87% • Indicates the percentage of shares that are available for public trading. Float Shares: 1.14B • Represents the total number of shares ...
[51]
Shareholder structure - Repsol
Repsol's capital comprises the following notable shareholders: (1) BlackRock, Inc. holds its stake through various controlled entities.
[52]
Repsol S.A.: Shareholders, Shareholding Structure - MarketScreener
Major shareholders: Repsol S.A. ; Amundi Asset Management SASU (Investment Management). 0.1403 %. 1,624,321, 0.1403 % ; Eurizon Capital SGR SpA. 0.1115 %.
[53]
Shareholdings of the Board of Directors - Repsol
Board members hold a total of 1272991 shares, representing 0.096% of the company's overall share capital.
[54]
Board of Directors | Repsol
Josu Jon Imaz San Miguel has been Repsol's CEO since April 2014. Ever since, he has been leading the company's transformation process, helping establish it as ...Composition of the Board of... · Board Committees · Mr. Ignacio Martín San VicenteMissing: tenure | Show results with:tenure<|separator|>
[55]
Repsol shareholders confirm top brass until 2027 - Reuters
May 25, 2023 · Spanish energy company Repsol's shareholders on Thursday voted to confirm veteran chairman Antonio Brufau and chief executive Josu Jon Imaz for
[56]
Composition of the Board of Directors - Repsol
Pursuant to the Company Bylaws, the Board of Directors must be made up of a maximum of sixteen (16) and a minimum of nine (9) Directors.
[57]
Repsol, S.A.: Governance, Directors and Executives & Committees
Composition of the Board of Directors: Repsol, S.A. ; Iván Martén Uliarte. Governance Committee, 2018-05-22 ; Pablo Blanco Pérez. Executive Committee, 2023-04-25 ...
[58]
[PDF] corporate-governance-report-2024.pdf - REPSOL, S.A.
Feb 20, 2025 · This report reflects our company's commitment to best governance practices, which are essential to preserving the long-term interests of our ...
[59]
Corporate Governance at Repsol: transparent and efficient ...
At Repsol, we have a Corporate Governance System that is aligned with the best practices and international trends for large listed companies.
[60]
Annual Corporate Governance Report - Repsol
This report responds to Repsol's desire to continue at the forefront of transparency in corporate governance information as well as ensuring its full ...Missing: practices | Show results with:practices<|separator|>
[61]
[PDF] repsol advances its corporate governance best practices - CNMV
May 31, 2025 · represent a new step forward in corporate governance best practices, by reducing the number of directors, increasing transparency, and ...
[62]
Exploration And Production Company Repsol E&P Ass - S&P Global
Feb 28, 2025 · In 2024, Repsol E&P had a net production of 572,000 boed, and proved plus probable (2P) reserves of 2.2 billion boe. This places it above ...
[63]
Repsol worldwide: located on four continents
We carry out Upstream activities in countries on the African continent, such as Algeria, Libya, and Morocco. ... Exploration: 3.132 Km². Development / Production: ...Missing: basins | Show results with:basins
[64]
Repsol 2025 second quarter results: €603 million
Jul 24, 2025 · Repsol posted net income of €603 million in the first half of 2025, 62.9% lower than in the same period of 2024. The adjusted income, that ...
[65]
Repsol Braces for Venezuela Hit After License Revocation
Jul 24, 2025 · Repsol on Thursday set aside €105 million ($123.5 million) as an impairment provision for its Venezuelan operations and cut its financial ...Missing: cost efficiencies
[66]
Repsol's Venezuelan Crude Gambit: Navigating Sanctions ... - AInvest
Apr 30, 2025 · The sanctions backdrop looms large: - The U.S. revoked Repsol's license to operate in Venezuela on March 31, 2025, following Chevron's exit. - ...Missing: efficiencies | Show results with:efficiencies
[67]
Repsol finishes 3D seismic sweep in Indonesia - Energy Voice
Mar 29, 2022 · Repsol finished its 3D seismic shoot in Indonesia's South East Jambi block onshore Southern Sumatra in December 2021 and is currently evaluating ...Missing: rates | Show results with:rates
[68]
[PDF] Repsol shows the future of offshore exploration with more powerful ...
Access to more detailed and fine-grained seismic images enables Repsol to make more accurate and data- driven drilling decisions, substantially mitigating ...Missing: success rates
[69]
[PDF] Q4 & FY 2024 Results | Repsol
Feb 20, 2025 · In Upstream, adjusted income was €334 million,. €220 million lower than in the same period of 2023 due to lower volumes, lower oil realization ...
[70]
[PDF] Repsol International Finance BV
Jul 24, 2025 · the previous year) and divestments in non-strategic E&P assets led to a free cash flow of €520 million. Net debt came to €5,728 million ...
[71]
Refining of petroleum and obtaining its derivatives | Repsol
barrels per day of refining capacity in our industrial complexes. 48,110. Ktn. refining production in 2024. ... © Repsol 2025. Confianza online.
[72]
Oil & Gas Trading | Repsol
We supply and market crude oil and refining products. We take care of maritime transport and the management of product coverage in the financial derivatives ...Missing: arm | Show results with:arm
[73]
We invest in quality assets and low-carbon initiatives - Repsol
A global multi-energy company. We are present in more than 20 countries with operations ranging from energy exploration, production, and marketing. Our ...Hydropower Plants · Floating Wind Farm · Other Wind Energy Projects
[74]
Industrial transformation projects - Repsol
We have 7 industrial complexes with the capacity to process more than one million barrels of crude oil per day. These complexes are undergoing continuous ...<|separator|>
[75]
Repsol in Peru - We are committed to development in Latin America
We operate the La Pampilla refinery, the largest in the country, with a distilling capacity of 117,000 barrels/day, representing over 50% of the country's ...Missing: per | Show results with:per
[76]
[PDF] 4Q24 & FY24 Trading Statement | Repsol
Jan 15, 2025 · Distillation utilization Spanish Refining. (%). 88.1. 87.7. 91.5. 88.1. 85.4. 0.5%. -3.7%. 3.2%. Conversion utilization Spanish Refining. (%).
[77]
Repsol gas and service stations around the world
Find out everything on offer at Repsol's gas stations. We have over 4000 service stations worldwide.
[78]
Repsol lubricants - Find the right oil for your engine
With production plants in Mexico, Spain, Indonesia, and Singapore and sales in more than 90 countries.
[79]
Derivatives and risk management - Trading - Repsol
Our team of traders continuously tracks the commodities, financial, and energy markets to hedge for the Repsol Group. We have extensive knowledge and ...Missing: arm | Show results with:arm
[80]
North America LNG Provides Rare Boost for Repsol
Spanish major Repsol's first-quarter earnings beat market expectations, driven by improved LNG trading volumes and margins and an unexpectedly strong ...
[81]
Jaime Martín Juez on Repsol's Industrial Transformation
Oct 14, 2025 · Under the Industrial Decarbonisation Plan, the company has already achieved a verified reduction of over 610 KtCO₂ between 2021 and 2024 across ...
[82]
Repsol 2025 first quarter results: €366 million
Apr 30, 2025 · In Puertollano (Spain), Repsol is advancing the construction of its renewable fuels plant, which will have a production capacity of 200,000 tons ...
[83]
Repsol's Resilience and Strategic Shifts Offer Value in Volatile ...
Jun 12, 2025 · Downstream refining margins improved to $5.3/barrel in Q1, a 10% increase from Q4, driven by stronger diesel spreads. Despite operational ...Missing: green | Show results with:green
[84]
Discover Repsol chemicals - Responsible solutions
Our production in Europe is centralised in three major petrochemical complexes: two in Spain, situated in Puertollano and Tarragona and one in Portugal in Sines ...
[85]
Repsol to start up 15,000 t/yr UHMWPE plant in 2026 - Argus Media
Jul 25, 2025 · Spanish integrated energy firm Repsol plans to bring a 15000 t/yr ultra-high molecular weight polyethylene (UHMWPE) plant online at its ...Missing: Química | Show results with:Química
[86]
Repsol will invest 105 million euros in the Puertollano Industrial ...
Feb 6, 2022 · This new plant will be operational by the end of 2024 and will have an annual capacity of 15,000 tons. For the construction of the plant, Repsol ...Missing: Química olefins
[87]
Tarragona Styrene Plant Fire Forces Repsol to Declare Force ...
Dec 8, 2023 · This facility boasts an annual production capacity of 200,000 metric tons of propylene oxide and 450,000 metric tons of styrene. The force ...
[88]
Repsol to add 600,000 t/yr polymer capacity in Portugal - Argus Media
The cracker at Sines has nameplate capacities of 410,000 t/yr ethylene and 220,000 t/yr propylene.Missing: Química | Show results with:Química
[89]
[PDF] Repsol, SA and investees comprising the Repsol Group - OTC Markets
Jul 24, 2024 · Repsol carries out transactions with related parties on an arm's length basis. The transactions between Repsol, S.A. and the. Group companies ...
[90]
[PDF] Repsol Integrated Management Report 2023 - CEO Water Mandate
In the realm of corporate governance, Repsol publishes an Annual Corporate Governance Report (Appendix VI) and an Annual. Report on Directors' Remuneration ...
[91]
Repsol Invests in Circular Economy at Puertollano Complex
Feb 2, 2023 · The new unit will start operations at the end of 2024, doubling capacity to 25,000 tons/year. The project will create 200 jobs during ...<|separator|>
[92]
Net zero emissions by 2050 commitment | Repsol
A commitment to become a net zero emissions company by 2050 in line with the objectives of the Paris Agreement.
[93]
Just transition to universal zero net emissions energy | Repsol
The company's Carbon Intensity Indicator committment is to achieve net zero emissions by 2050 with interim reduction targets of 15% by 2025, 28% by 2030 and 55 ...
[94]
[PDF] Investor Update – May 2025 | Repsol
This document contains information and statements that constitute forward-looking statements about Repsol. Such estimates or projections may.
[95]
Developing renewable energies and new energy sources - Repsol
Our largest renewable project: comprised of 26 wind farms located in the three provinces of Aragon, it will have a total capacity of 777 MW. Our biggest ...A Business In Constant... · We Maximize The Benefits Of... · Join Our Team
[96]
Our activity - Repsol USA
We expect to reach 2.1 GW of installed capacity in the United States by 2025 and 7.8 GW by 2030. Learn more. Featured Projects. To navigate the map with touch ...Renewables · Featured Projects · Exploration And Production
[97]
Repsol sticks to renewables while other oil majors cut back
Mar 26, 2025 · According to Repsol's 2024–2027 Strategic Update, the company plans to allocate more than 35% of its total capex to low‑carbon initiatives.
[98]
Repsol Aims for 350MW Green Hydrogen by 2026 - Fuel Cells Works
Jul 25, 2025 · Spanish energy giant Repsol plans to take FIDs on three green hydrogen projects totaling 350MW by mid-2026, driven by regulatory mandates ...
[99]
T-Hynet, the largest electrolyzer project in Spain - Repsol
The T-HYNET initiative, led by Repsol, represents a decisive step in the deployment of renewable hydrogen on an industrial scale in Spain. Repsol Complex in ...
[100]
Stargate Hydrogen secures Repsol investment
Jul 28, 2025 · This industry alliance is built on a shared goal: significantly reducing the cost of renewable hydrogen production to accelerate the ...
[101]
Repsol scraps up-to-200MW green hydrogen project
Jul 7, 2025 · Spanish oil company Repsol has reportedly scrapped plans to build an up-to-200MW green hydrogen project in the city of Puertollano, Spain.
[102]
Repsol shelves 130MW green hydrogen project in Puertollano | Power
Jul 7, 2025 · The project planned to start with a 30MW electrolyser, aiming to produce 4,500 tonnes of green hydrogen annually, with the potential to scale up ...
[103]
Renewable hydrogen: what it is and benefits for mobility - Repsol
Our strategic projects. Discover some projects and initiatives in which we take part and that focus on renewable hydrogen as an alternative energy source.
[104]
Repsol pioneers industrial-scale production of 100% renewable ...
Oct 8, 2025 · Repsol has achieved a technological milestone with the first industrial-scale production of 100% renewable gasoline at its industrial ...Missing: 1966 | Show results with:1966
[105]
carbon capture, use, and storage (CCUS) - Repsol
CCUS is the set of technological processes aimed at reducing CO 2 from the atmosphere by safely capturing and storing it for future use.
[106]
[PDF] 2025 Repsol Climate Policy Engagement Review
Aug 8, 2025 · Low-carbon fuels: Endorses sustainable biofuels and synthetic fuels for hard-to-abate sectors, within a technology-neutral framework. • CCUS: ...Missing: ventures | Show results with:ventures
[107]
Repsol Is a Pioneer in Producing 100% Renewable Gasoline on an ...
Repsol now has the first plant on the Iberian Peninsula to produce 100% renewable fuels on a large scale in Cartagena, specifically Sustainable Aviation Fuel ( ...
[108]
Repsol's profit beats forecasts, flags big spending increase - Reuters
Feb 16, 2023 · Net income for 2022 jumped to 4.25 billion euros, up from 2.5 billion euros in 2021. Despite the strong performance, Repsol's shares were ...
[109]
Repsol, S.A. Credit Ratings
Rating Action Commentary / Wed 23 Mar, 2016 ... Debt Level: senior unsecured. Issue: EUR bond/note. 29-Apr-2025. BBB+ Affirmed Long Term Rating Rating History.
[110]
REPYF (Repsol) ROCE % - GuruFocus
Rating 1.0 · Review by GuruFocusREPYF (Repsol) ROCE % as of today (October 02, 2025) is 4.81%. ROCE % explanation, calculation, historical data and more.
[111]
Repsol SA - 53 Year Dividend History | REPYY - Macrotrends
Historical dividend payout and yield for Repsol SA (REPYY) since 1972. The current TTM dividend payout for Repsol SA (REPYY) as of October 02, 2025 is $0.92.Missing: buybacks | Show results with:buybacks<|separator|>
[112]
Shareholder remuneration - Repsol dividend
This remuneration will be complemented with share buybacks of up to 5.4 billion euros, in the expected price environment, thus allocating up to 10 billion ...
[113]
[PDF] Q4 & FY 2024 Results - Repsol
Feb 20, 2025 · The assets were producing 30,000 barrels gross of oil equivalent per day. The deal has also included the untapped gas resources of the ...<|separator|>
[114]
[PDF] 4Q & FY2024 Results | Repsol
Feb 20, 2025 · • Increased 2024 cash dividend to 0.9 €/share (~30% increase vs 2023) ... Financial results. Results (€ Million). 4Q24. 3Q24. 4Q23. FY24. FY23.
[115]
Repsol Navigates Global Headwinds With Resilient H1 Earnings
Jul 28, 2025 · Repsol S.A. announced a net income of €603 million for the first half of 2025, a 62.9% decrease compared to the same period in 2024.
[116]
[PDF] Repsol Group Interim Consolidated Management Report
The decrease in investments in the period and the divestments in non-strategic assets in the Upstream segment resulted in lower cash flow from investments (€- ...
[117]
[PDF] 2Q25 Results | Repsol
Jul 24, 2025 · ... refining or marketing margins and exchange rates. Forward-looking ... Cash Flow from. Operations. €6 – 6.5 B. ~ €6 B. Net Capex. €3.5 – 4 B.
[118]
Repsol S.A. (REPYF) Q2 FY2025 earnings call transcript
Jul 24, 2025 · Under a $70 Brent, 4.6 refining margin indicator scenario, we expect to generate around €6,000,000,000 of cash flow from operations after ...
[119]
https://www.marketwatch.com/investing/stock/rep?countrycode=es
[120]
Fitch Affirms Repsol at 'BBB+'; Outlook Stable - Fitch Ratings
Apr 29, 2025 · Challenges in Downstream: Refining margins normalised to around USD6.6/bbl in 2024. We expect them to remain around USD6/bbl until 2029. However ...
[121]
Repsol And Subsidiary Talisman Energy 'BBB-/A-3' Ratings Affirmed
Oct 30, 2015 · The acquisition is particularly significant for Repsol's upstream division, with combined production almost doubling to about 600,000 ...
[122]
Talisman Takeover Gives Repsol Big North American Footprint
Dec 16, 2014 · Reserves would increase by 55% to more than 2.3 billion boe. Repsol already has a commanding North American presence, with exploration ongoing ...
[123]
Repsol Cuts Dividend as Crude Slump Casts Doubt on Talisman Deal
Feb 25, 2016 · Repsol last month doubled its annual target for synergies from the Talisman acquisition to $400 million.
[124]
Repsol to cut 1,500 jobs over 3 years, following US$13B Talisman ...
Oct 1, 2015 · He added that $70 million worth of these “synergies” had already been realized. Martinez said, “We are quite optimistic that the acquisition of ...
[125]
Repsol: Synergies from Talisman acquisition grow - Offshore Energy
Jun 15, 2016 · Repsol said that the synergies created with the integration of Talisman have grown from an estimated 220 million dollars annually when the acquisition was ...
[126]
Talisman Energy Inc takes US$1.37B charge, writes down North ...
Feb 10, 2015 · Talisman said it took a US$633-million impairment on its North Sea joint venture with China's Sinopec Group, whose mature assets have low ...
[127]
Repsol still struggling to integrate Talisman's 'mixed bag' of assets ...
and it's not only because of low oil prices.Missing: impairments | Show results with:impairments<|separator|>
[128]
Argentina to expropriate Repsol oil subsidiary YPF - BBC News
Apr 17, 2012 · President Cristina Fernandez said a bill would be presented to the Senate allowing the government to expropriate 51% of YPF shares.
[129]
Argentina - Approves expropriation of major oil and gas companies
The Congress approved a law (26.741/12) that declares to be in the public interest and subject to expropriation 51 percent of the share capital of YPF.
[130]
[PDF] Argentina, the Expropriation of Repsol YPF, and the Case ... - ECIPE
A mistake, it was claimed, had been made at the time when the YPF was privatised in the 1990s. The government now needed to reclaim the ownership of the company ...
[131]
Spain's Repsol agrees to $5 billion settlement with Argentina over YPF
Feb 25, 2014 · Spanish oil major Repsol said on Tuesday its board of directors approved a $5 billion settlement with the government of Argentina, ending a two-year dispute.
[132]
Repsol in $5 Billion Settlement With Argentina - The New York Times
Feb 25, 2014 · According to the agreement, Repsol would receive $5 billion worth of guaranteed Argentine government bonds for the 51 percent of the energy ...
[133]
Repsol-YPF: An “illegal” expropriation - ScienceDirect.com
All shares are expropriated from Repsol and none from the Argentinean Petersen Group, owned by the Eskenazi family, which owns 25.46% of Repsol-YPF.
[134]
Petersen and Eton Park v. Argentina and YPF - Jus Mundi
Aug 18, 2025 · On 8 April 2015 the Peterson Plaintiffs, funded by Burford, sued the Republic and YPF in the SDNY Court for, inter alia, breach of contract ...
[135]
[PDF] Case 1:15-cv-02739-LAP Document 493 Filed 09/08/23 Page 1 of 25
Sep 8, 2023 · However, when the. YPF Expropriation Law took effect on May 7, 2012, YPF shares dipped a mere 3%. (PX-47.) This difference in response to ...
[136]
US appeals court sides with Argentina, keeps YPF share turnover on ...
Aug 15, 2025 · A U.S. appeals court on Friday granted Argentina's request to put on temporary hold a judge's order that it turn over its 51% stake in oil ...
[137]
YPF expropriation case: inside the legal wrangle over the discovery
Sep 5, 2025 · The case dates back to 2012, when Argentina's Congress expropriated 51% of YPF shares from Spanish multinational Repsol, which was the ...
[138]
https://www.investing.com/news/company-news/burford-capital-provides-timeline-update-on-16-billion-ypf-case-93CH-4301608
[139]
[PDF] Shale Renders the 'Obsolescing Bargain' Obsolete - Baker Institute
After the 2012 nationalization, most of the foreign investment in the Vaca Muerta came in the form of joint ventures with YPF. Table 1: Foreign investment ...
[140]
Political risk and foreign investment in Argentina's Vaca Muerta
Argentina is a risky place for foreign investors, with frequent political swings from right to left, weak enforcement of contracts and property rights.
[141]
YPF turnover ruling in US casts shadow on Argentina's shale, FX plans
Jul 1, 2025 · Argentina government says will appeal ruling; YPF leads development of major Vaca Muerta shale region; Argentina pushing shale production to ...
[142]
Oil Spill near Lima, Peru | response.restoration.noaa.gov
The tanker and refinery released an estimated 11,900 barrels (595,000 gallons) of crude oil into the Pacific Ocean, affecting 24 beaches, including five natural ...
[143]
Oil spill at sea: who will pay for Peru's worst environmental disaster?
Mar 7, 2022 · “Sadly, it is impossible to recover all the oil after a spill. At least 30% will remain in the ocean,” he says.
[144]
Peru oil spill remediation and cleaning could cost $65 mln, Repsol ...
Feb 17, 2022 · Clean-up and remediation costs after a major oil spill of more than 10000 barrels at a Repsol facility in Peru could total more than $65 ...
[145]
Did Repsol clean up the mess? - Fair Finance International
Jan 16, 2025 · Three years after the Repsol spill, 60% of the oil has not yet been recovered and the company has still not assumed its responsibilites.
[146]
Spain court probes Repsol oil spillage -report - Reuters
Jul 3, 2010 · A Spanish court has opened proceedings to determine if energy firm Repsol <REP.MC> was responsible for oil spillages during prospecting in ...
[147]
[PDF] CNMC fines Repsol €5 million for failing to comply with the ...
Dec 18, 2020 · PRESS RELEASE. The CNMC fines Repsol €5 million for failing to comply with the conditions imposed in two previous resolutions.
[148]
UK govt fines BP, Repsol Sinopec over EU ETS infractions
Oct 1, 2020 · The UK government has once again fined oil and gas companies BP and Repsol Sinopec for regulation breaches relating to the EU ETS.
[149]
Repsol fined £160,000 for flaring and venting breach
Dec 13, 2023 · Repsol has been fined £160,000 by the North Sea Transition Authority (NSTA) for flaring and venting more than 73 tonnes of gas.
[150]
Repsol's reports and indicators regarding safety
Below, you will find our safety key performance indicators. You can put together your own graphs and tables by selecting different time periods and indicators.
[151]
The role of energy efficiency in our operations | Repsol
We have established the goal of reducing our methane intensity to 0.20% by 2025 in our E&P operated assets, a value recognized as an operational excellence ...
[152]
Repsol SA - ASA | CAP - Advertising Standards Authority
Jun 7, 2023 · Repsol summarised that they have reduced energy consumption in their industrial centres by 20% in the period 2011-2022 and reduced emissions by ...
[153]
https://energydigital.com/news/what-are-12-global-oil-gas-firms-doing-to-cut-emissions
[154]
Shell, Repsol, Petronas Ads Banned in UK for Greenwashing
Jun 6, 2023 · A handful of newspaper, TV and poster adverts from Shell Plc, Repsol SA and Petronas International Corp. were banned in the country for touting investments in ...
[155]
UK watchdog bans Shell, Repsol and Petronas greenwashing ads
Jun 6, 2023 · The UK's advertising watchdog has banned a group of big oil and gas company advertisements for being misleading as part of crackdown on “greenwashing”.
[156]
Repsol has renewable hydrogen ad banned in the UK over ... - edie
Oct 18, 2023 · The ASA stated that the advert was likely to mislead or confuse both potential investors in Repsol and everyday consumers of its products.
[157]
ASA bans 'misleading' Repsol ad for greenwashing - Campaign
Oct 18, 2023 · The Advertising Standards Authority has banned a Repsol renewable hydrogen ad because it omitted significant information about the global energy ...
[158]
Repsol oil spill: One year on, no justice in sight for Peruvian fishers
... Peruvian government was quick to also highlight alleged negligence by Repsol. ... 2023 – nearly 21 months after the oil spill blighted the Peruvian coast.
[159]
Repsol posts net income of €2.785 billion and advances its ...
Oct 26, 2023 · The company estimates that 35% of its investments in 2023 will go to low-carbon initiatives, reflecting its transformational drive. The main ...Missing: fossil percentage
[160]
MotoGP: Honda Loses Longtime Title Sponsor Repsol
Sep 8, 2024 · After a partnership lasting 30 years, Repsol will no longer be the title sponsor of the factory Honda MotoGP team after 2024.
[161]
MotoGP achievements "will remain" despite Repsol exit, says Honda ...
Sep 16, 2024 · Partnership delivered 15 championships over 30 years · Repsol established biofuels plant ahead of MotoGP's switch to sustainable fuels in 2027 ...Missing: impact | Show results with:impact<|control11|><|separator|>
[162]
MotoGP Sponsorship - Drive Sports Marketing
Why sponsor MotoGP. Choosing to develop a MotoGP sponsorship program means enjoying global visibility, being a source of brand awareness, and becoming part ...
[163]
https://www.motogp.com/en/news/2025/10/21/repsol-to-become-motogp-partner-from-2026/761553
[164]
SailGP and Repsol reinforce their global commitments on energy ...
Both Repsol and SailGP are united in their pursuit to reduce carbon emissions and accelerate the transition to clean energy, so we're looking forward to working ...
[165]
Bringing contemporary art to all audiences - Fundación Repsol
Fundación Repsol has reinforced its commitment to collaborate with the Museu d'Art Contemporani de Barcelona (MACBA) by agreeing to deliver 41 works of art ...Missing: sponsorships | Show results with:sponsorships
[166]
Repsol takes its multi-energy to major music festivals in Spain and ...
Apr 18, 2024 · Repsol has signed a strategic sponsorship agreement with the six most important music promoters in the country —Advanced Music, Bring the Noise, ...Missing: museums arts
[167]
Effect of Sponsorship in MotoGP towards Public Purchase Behavior ...
Famous names like Repsol are sponsoring Honda MotoGP team since 1995 until current 2020 seasons. Not only Repsol, a Malaysian petroleum company, Petronas ...
[168]
Repsol SA: Number of Employees 2011-2025 | REPYY - Macrotrends
Repsol SA total employee count in 2024 was 25,601, a 1.94% increase from 2023. · Repsol SA total number of employees in 2023 was 25,113, a 5.47% increase from ...
[169]
Repsol's 2024 results: posts net income of €1.756 billion in 2024
Feb 20, 2025 · Repsol reported a net income of €1.756 billion in 2024, 45% less than the previous year. Adjusted income amounted to €3.327 billion, ...
[170]
https://twelvedata.com/markets/478509/stock/xdus/rep/financials?period=annual
[171]
https://www.statista.com/topics/7669/oil-and-refinery-industry-in-spain/
[172]
Centrica concludes LNG supply deal with Repsol - Offshore Energy
Feb 7, 2024 · UK's Centrica Energy and Spain's Repsol have signed an LNG supply deal that will see Centrica purchase 1 million tons of LNG shipments between 2025 and 2027.
[173]
Spain Oil Security Policy – Analysis - IEA
Jun 30, 2022 · Spain is almost entirely reliant on crude oil imports, after a steady, albeit slow increase in imports since 2011.
[174]
Repsol sees “enormous opportunity” in transformation and the ...
May 25, 2023 · Josu Jon Imaz explained that Repsol is advancing in its ambition to lead the energy transition and meet the goals of growth, diversification ...
[175]
Spain - Energy - International Trade Administration
Jul 31, 2024 · Spain's total installed energy capacity increased by 4.9% in 2022, reaching 119 GW. This increase was driven by renewable energy.