Energy solutions for today and tomorrow

Bringing you the energy you need at all times

We are a global multi-energy company leading the energy transition. We strive to drive the evolution towards a decarbonized energy model, and with this ambition in mind, we have set ourselves the goal of becoming a net zero emissions company by 2050.

At Repsol, we are present throughout the energy value chain.

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Refino

Refining

We transform crude oil and various alternative raw materials into value-added products, such as fuels, advanced biofuels, and carbon-neutral materials. In addition, we have among our priorities the production of renewable hydrogen, which will be key to decarbonizing various sectors.

Química

Chemicals

We produce and sell a wide variety of petrochemical products, which are used to manufacture everyday objects that improve the quality of life, well-being, and safety of people and are found in almost all industrial segments.

GLP

LPG

We distribute and sell liquefied petroleum gas in Spain, Portugal, and France. We do so in different formats: bottled, in bulk, and AutoGas.

Generación de electricidad de bajas emisiones

Low-carbon power generation

We have low-carbon power generation projects (hydroelectric plants, combined cycle plants, cogeneration plants, wind and PV farms) and we are building new renewable assets to increase our capacity.

Suministro de electricidad y gas

Electricity and gas supply

We supply low-carbon gas and electricity in Spain and Portugal, offering our customers cutting-edge digital solutions and energy management initiatives such as self-consumption and distributed generation.

Lubricantes, Asfaltos y Especialidades

Lubricants, Aviation, Asphalts, and Specialized Products

We develop, produce, and market lubricants, aviation fuel, oil-based specialized products, and bitumen for asphalts in over 90 countries.

Trading

Trading

We transport the hydrocarbons produced to supply raw materials to our refineries or sell them on international markets. We also export surplus production from our industrial complexes that is not consumed in the domestic market.

Producción

Production

We extract hydrocarbons from the oil field and then sell the oil and gas. We also carry out maintenance, control, and transport activities leveraged on artificial intelligence technologies, adhering to the same sustainability and safety policies as in the previous stages.

Desarrollo

Development

We drill wells, build collection systems and processing plants, and evacuation and transport systems, always under policies of sustainability, safety, and transparency that guarantee the proper development of the project.

Exploración

Exploration

Following the acquisition of a new mining domain, we carry out geological and geophysical work, environmental impact studies, and exploratory drilling to assess its potential, a process in which the latest digital technologies are applied in analyzing information.

Suministro y comercialización mayorista de gas

Wholesale gas supply and sale

We sell natural gas in North America, where we have an LNG regasification plant in Canada. We also sell LNG and natural gas to wholesale customers in Spain.

Movilidad

Mobility

We have the largest network of service stations where we offer customers multi-energy solutions linked to the Waylet app. We have been pioneers in the incorporation of renewable fuels and very soon we will offer renewable hydrogen for mobility. We have one of the most relevant networks of electric charging points in Spain and we are a leader in AutoGas.

Soluciones geológicas bajas en carbono

Low-carbon geological solutions

We optimize subsoil resources associated with geothermal energy, CO2 storage, and renewable hydrogen as a tool for the company's decarbonization, generating value in a growing market.

Cars driving on a road that surrounds a lake

Committed to a diversified energy mix to achieve climate neutrality

The fight against climate change is in our DNA. That's why we were the first company in our sector to set the goal of becoming net zero by 2050. In order to achieve this, Repsol is transforming its operations by developing innovative projects related to the circular economy, renewable fuels, hydrogen, carbon capture and storage, and renewable energy.

Integrated business model

We have an integrated business model that ranges from oil and gas exploration and production to the commercialization of energy solutions for the home and mobility.

We develop our activity through four main business lines, achieving in 2023 an adjusted income of a total of 5.011 billion euros; 1.779 billion in Exploration and Production, 2.734 billion in the Industrial business, 614 million in Customer, 75 million in Low-Carbon Generation, and 191 million in Corporation and others.

Offshore oil rig

Upstream

Our Upstream business encompasses the company's oil and natural gas exploration and production activities, which are always carried out following the strictest sustainability and safety criteria. Its activities include the business's entire value chain, from exploration to the commercial use of resources.

Refinery

Industrial

We are leaders in Europe due to our high competitiveness and the quality of our assets in the industrial business. We have one of the most efficient refining systems on the continent, which transforms crude oil and various alternative raw materials into value-added products. In the field of Chemicals, we are committed to more efficient industrial processes geared towards the circular economy.

Repsol employee waits while a customer pays with the Waylet app

Customer

For Repsol, the customer is at the center of our strategy, which is why our objective is to meet all consumer energy needs, at home or on the move. We are increasing the presence of low-emission energies in our product and service portfolio, while relying on digitalization for the development of new commercial products and channels that will help us build a more personalized relationship with our customers.

Windfloat offshore wind platform

Low-emissions businesses

We have 12 hydropower plants, 2 combined gas cycles, 6 wind projects, and 7 solar projects. We also continue to develop renewable projects in Spain, Italy, Chile, and the United States. We thus plan to continue our international expansion to become a global operator with a generation capacity of between 9 - 10 GW by 2027 and 20 GW by 2030.