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.
Our priority is to minimize the environmental impact of our activities by optimizing water management, air emissions, waste management, and spill prevention and response, in addition to considering biodiversity a key element.
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.
The Repsol Technology Lab is an example of one of the most cutting-edge private R&D models in Spain, based on open innovation, whose objective is to seek sustainable solutions to achieve a more efficient and competitive lower-carbon business.
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.
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.
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.
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.
CAMPSA was born in 1927: a joint venture aimed at managing the oil monopoly in Spain. This was the first of a series of milestones leading up to the creation of the Repsol Group.
The Repsol brand
The foundations for Spain’s advances in energy
After CAMPSA's foundation, another one followed that was of great importance for the energy sector in Spain: the National Institute of Industry (INI) was established as a holding company responsible for managing all of Spain's industrial enterprises, including CAMPSA.
1947 was an important year for the Spanish oil industry. After being jointly managed for 20 years, the oil monopoly was reorganized and state participation in CAMPSA was reinforced. In 1951, the company REPESA was formed and launched a range of premium lubricants under the REPSOL brand.
On June 11th, 1957, the company Butano S.A. was founded with the aim to provide door-to-door butane gas delivery. The product stood out for its hassle-free installation, safety, and efficient performance.
The 1960s were a defining period for growth in Spain’s energy sector. First and foremost, the private sector was given authorization to construct three refineries. This marked the first step towards developing the refining sector. In addition, in 1964 oil was discovered for the first time in La Lara in Burgos.
REPESA saw the world of motorsports as an ideal testing ground for its products, and so the idea of sponsorship came about. In 1971, Ángel Nieto claimed his first World Motorcycling Championship and in the process brought the Repsol brand onto the world stage.
In the 1970s, a series of milestones marked the beginning of energy expansion in Spain: the country became a member of the International Energy Agency, in 1971 the viability of the Casablanca reservoir in Tarragona was confirmed, and several years later the National Hydrocarbons Institute was established.
The Repsol Group emerged during Spain's negotiations to join the European Union. The decision to adopt the name of REPESA's premium lubricant brand, Repsol, was an easy one, as it was so well-known and easy to pronounce in other languages. The aim was to become a prestigious, leading brand recognized around the globe.
The REPSOL GROUP
The reorganization of the Spanish energy sector. In 1987, the National Hydrocarbons Institute (INH) created Repsol, S.A. as a result of the reorganization of the Spanish energy sector. The company was organized into five subsidiaries in order to carry out its main activities.
Privatization of the company
Eight years managing privatization. In 1989, the first step was taken toward the company's privatization, a process that lasted eight years. This first step was signing a contract between INH, Repsol and BBV. The process wasn't finalized until April 1997, when it culminated in ones last IPO.
During the following years, Latin America, North America, Africa and Russia became areas of expansion for the company. At this stage, we strengthened our various areas of activity, Upstream above all.
Acquisition of YPF
A step forward in the international scene
Our definitive opening to the international market comes with the acquisition of Argentinian petrol company YPF in 1999. This synergy has resulted in a company with global reach and stronger strategic positioning.
During this time, key discoveries were announced in regions such as Libya, Spain, Argentina, Venezuela, Bolivia, and Indonesia. In 2009, we put into motion the Canaport LNG regasification project in Canada. In 2010, Repsol signed an agreement with Sinopect to undertake exploration and production operations in Brazil which made us one of the largest energy companies in Latin America.
The Repsol Technology Lab opened its doors for the first time in 2002 in order to bring together all the company's R&D activities under the same roof. It soon became a European benchmark due to its groundbreaking innovation of the projects.
A new stage of growth and value creation (2005–2020)
The acquisition of Talisman Energy, the presentation of our 2016–2020 Strategic Plan, and the inclusion of electricity and natural gas in our market offer are the milestones that have marked our latest stage of growth.