Strategic Plan

Strategic Update 2024-2027

We continue committing to industry, employment, and technology to achieve our business goals.

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Our strategy

Our strategic update 2024-2027 explores an energy transition, which prioritizes investments in the current integrated portfolio of quality assets and low-carbon initiatives, attractive shareholder remuneration, and the maintenance of financial strength.

We focus on four main lines of work:

Upstream

We remain focused on continuous value creation and cash generation.

Industrial

We strengthen the competitiveness of current assets and create low-carbon platforms.

Customer

Our priority is to transform our business to thrive in the multi-energy market.

Low-carbon generation

We develop the project portfolio in Spain, the US, Chile, and Italy.

Over the next four years, we will keep the same strategy as in our previous plan to face the energy transition and we will opt for all energies that meet our customers' needs. We are convinced that this approximation, in which decarbonization is an attractive opportunity to create value, to grow, and be profitable, is the most suitable for us."

Josu Jon Imaz - CEO

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Josu Jon Imaz talking during a conference

Strategic plan key data

We increase the cash dividend for shareholders by allocating up to 10 billion euros to remunerate shareholders over the next four years. The increase in remuneration is supported by strong operating cash flow generation.
This strategic update sets an investment of between 16 and 19 billion euros net in four years, allocating more than 35% to low-carbon initiatives.
We consolidate ourselves as a prestigious multi-energy company on the iberian peninsula with more than 24 million customers and a wide range of energy solutions.