Our mission is to be an energy company committed to a sustainable world with a forward-looking vision based on innovation, efficiency, and respect, and on creating value to promote progress in society.
We are a multi-energy company operating around the globe. Our activities range from oil and gas exploration and production to refining as well as selling derived products and providing services for your everyday life, such as natural gas and electricity.
The people on our team represent our prime competitive advantage and guarantee the company's future. A flexible and committed team comprising over 25,000 employees, united by a shared vision and values.
Our 2018-2020 Strategic Plan is focused on growth and value creation and is based on three pillars: increasing shareholder distribution, growing our businesses (Upstream and Downstream), and developing new businesses linked to the energy transition.
Our facilities are a reflection of our values and company culture. Our smart buildings promote smooth communication and transparency between team members, while allowing them to be more efficient and versatile in their work.
At Repsol, we ensure integrity in the relationships the Company maintains with its suppliers and contractors. Our suppliers are a part of our team and working together enables us to continuously evolve.
We look for energy solutions that meet people's needs and safeguard their well-being. With our solid and diversified business undertakings, we stay one step ahead of the future.
Nuestra prioridad es minimizar los impactos ambientales generados por el desarrollo de nuestra actividad, optimizando la gestión del agua, las emisiones al aire, la gestión de los residuos, la prevención y respuesta ante derrames y considerando la biodiversidad como un elemento clave.
Each and every one of our decisions aims to guarantee the safety of our workers, customers, users, and suppliers. We firmly believe that all accidents can be prevented, and we develop ever-improving prevention mechanisms.
Each and every one of the actions taken by the people who make up Repsol determine the present and the future of our company. Therefore, we train our employees in core values that must govern their behavior and communicate all of our actions in a way that's reliable, transparent, and verifiable.
We are committed to managing our tax affairs by applying good practices and acting transparently. We pay our taxes responsibly and efficiently, and we foster cooperation with governments, thus avoiding serious risks and unnecessary conflicts.
We make reasonable efforts to ensure that our activities do not have negative impact on human rights, and should they occur, we do everything we can to correct them. Moreover, we do everything within our power to prevent impacts directly related to the activities of our business relationships.
There are 200 researchers from around the world with a variety of specializations working at the Repsol Technology Lab with a mission for the future: to find new ways to produce energy more sustainably and transform it more efficiently.
Technology enables us to explore underground and underwater in a way that is progressively more sustainable and thorough. We develop technologies to teach a supercomputer to think, to see the subsoil without drilling, and to detect underwater leaks in record time.
Innovating is bringing together talent. At Repsol, we look for and develop ideas and business proposals among universities, companies, and researchers from throughout the world, supporting new projects with funding and technological advising.
Welcome to the professional area. Here you can follow all our scientific activity. Publications, activities, specialist talks, some of the articles published by our scientists, Research Projects at the Repsol Technology Lab.
The aim of Repsol Corporate Ventures is to speed up the incorporation of innovative technologies and business models through an investment fund that will be allocated to different startups offering solutions in the fields of advanced mobility, new materials, circular economy, and digital technology applied to exploration and production.
Human evolution has always involved the search for resources and energy in order to survive. Our history on this planet is moving forwards in parallel with the history of energy.
At Repsol, we work to bring society the highest-quality infrastructures that are also environmentally friendly. That's why we devote the entirety of our potential for innovation to developing green solutions in the asphalt industry.
The products from Repsol’s Chemicals Division are used to manufacture everyday objects that improve people’s quality of life, their well-being and their safety and can be found in almost all industry segments.
Green fuel-grade petcoke is the solution for your industry. Thanks to our strong presence all across Spain and our production centers in Mediterranean and Atlantic ports, you are guaranteed a fast and flexible supply.
Our products are made using cutting-edge technology. Everything we learn in top-flight racing is then used to make lubricants that protect and prolong the life of your engine. Endorsed by top manufacturers, you'll get maximum performance and efficiency.
A meeting and communication hub between Repsol and media professionals that originally came about with the aim to reach out to journalists interested in getting to know our company better. This interesting resource provides information regarding all of our activity around the world.
We will continue to increase shareholder distribution until reaching one euro per share in 2020, using the scrip dividend formula, together with a share buyback program that will prevent the dilution of those who choose cash payment.
Increased production and profitability
In Exploration and Production, we will increase production to 750,000 barrels of oil equivalent per day. We will earn higher returns and optimize our asset portfolio.
We will open service stations in Mexico and Peru, boost the Lubricants business in Asia and South America, grow in France and Morocco through LPG, and develop the Trading business worldwide. In Chemicals, we will focus on high-value products in industries such as pharmaceuticals and food.
Advancing the energy transition
We will create new long-term opportunities in low-emission initiatives and the development of new capabilities in this area. Our goal is to advance the energy transition, reduce emissions of our operations and products, and anticipate important trends such as rising electricity demand and the increasingly key role of gas.
In keeping with our prudent approach, the 2018-2020 Strategic Plan has been prepared under the conservative assumption of a Brent crude oil price of 50 dollars per barrel, which gives the plan a high degree of financial flexibility and a level of debt well below the industry average.
We have an ambitious digitalization program that will transform the company, promote cultural change, and allow us to develop digital solutions to address new forms of energy consumption.
Our ambition is to provide society access to energy and to be part of the solution in the fight against climate change. In 2020, we will have reduced CO2 emissions by 2.1 million metric tons.