Strategic Plan

Strategic plan 2024-2027: advance with all the energies

Our plan evolves to respond to the challenges of the sector and needs of people. We are committed to industry, employment, and technology as engines of growth, but also as tools to drive the progress of society.

A strategy for the future of energy that is already underway

The update of our 2024-2027 plan explores an ambitious but realistic energy transition. We prioritize investment in quality assets, low-emission projects, attractive shareholder remuneration, and the maintenance of a solid financial position.

Our four main pillars of activity:

Upstream

We generate value and cash with an efficient and responsible management of our resources.

Industrial

We strengthen the competitiveness of our assets and transform them into low-carbon platforms.

Customer

We evolve our company to offer customized energy solutions for our customers.

Low-carbon generation

We drive new projects in Spain, the US, Chile, and Italy.

Over the next four years, we will keep our roadmap, opting for all energies that meet the real needs of people and companies. Decarbonization is, for us, an opportunity to grow with purpose, create value, and lead a sustainable change."

Josu Jon Imaz - CEO

See video

Josu Jon Imaz talking during a conference

Our commitment is also measured in results

With these figures, we consolidate our leadershp as a leading energy company in the iberian peninsula, at the service of over 24 million people.

€10B

Amount allocated to remunerating shareholders

>€16B

Net investments over the Strategic Update horizon

>35%

Planned investments for low-carbon initiatives

€29B

Operating cash flow in the period 2024-2027

Our purpose

We are here to explore and discover all that energy can do for people. That’s why we develop accessible, respectful, and adapted solutions, that accompany each daily step and pave the way towards a future for all.