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Amid the sharp decline of oil prices and economic activity

Repsol approves a 5% dividend increase at its Annual General Meeting

Press Release 14/05/2009 00:00
  • The shareholders agree to the appointment of Maria Isabel Gabarró as an independent board member and re-elect the General Counsel of the Company Luis Suarez de Lezo to the board.
  • The gross dividend for 2008 rises 5% to 1.05 euros per share.
  • Repsol posted a net income of 2.711 billion euros for 2008. 
  • In 2008 Repsol drilled a record number of wells and participated in three of the world’s five largest discoveries. 
  • In 2009, the company is the world’s second most successful offshore explorer.
  • The company has implemented 800 cost-saving measures to save more than 1.5 billion euros during 2009. 
  • “Our cashflow and liquidity ensure the company can continue with its investment plans,” said Chairman Antonio Brufau.

14 May 2009 - 00:00 CEST | PDF | 71.60 KB