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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.
There are 200 researchers from around the world with a variety of specializations working at the Repsol Technology Lab with a mission for the future: to find new ways to produce energy more sustainably and transform it more efficiently.
Technology enables us to explore underground and underwater in a way that is progressively more sustainable and thorough. We develop technologies to teach a supercomputer to think, to see the subsoil without drilling, and to detect underwater leaks in record time.
Innovating is bringing together talent. At Repsol, we look for and develop ideas and business proposals among universities, companies, and researchers from throughout the world, supporting new projects with funding and technological advising.
Welcome to the professional area. Here you can follow all our scientific activity. Publications, activities, specialist talks, some of the articles published by our scientists, Research Projects at the Repsol Technology Lab.
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.
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.
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.
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.
The principle that defines Repsol's compensation policy is the pursuit of reciprocal value generation for the Group and its employees, in addition to long-term alignment with shareholders' interests, ensuring transparency in the compensation policy.
Repsol's Compensation Policy outlines the principles and criteria regarding the compensation of directors in their roles and for the performance of executive duties. These principles and criteria are regularly reviewed by the Compensation Committee and the Board of Directors with the aim of keeping the company's compensation policy in line with best market practices and trends.
Principles taken into account in the compensation of executive directors for the performance of their executive functions
Ensure that the compensation, in terms of structure and global amount, complies with best practices and is competitive in relation to other comparable entities in order to attract, retain, and motivate the best professionals.
Establish compensation with objective criteria related to the individual performance of the executive directors and the achievement of the business objectives of the company and the Group.
Maintain an annual variable component linked to the achievement of specific and quantifiable objectives that are aligned with social interest, with control and measurement systems to determine the payment of variable compensation in accordance with evaluations that measure individual performance and personal contribution to the achievement of the objectives set.
Incorporate a long-term performance-based compensation system to encourage the sustained achievement of goals and to retain key persons linked to those goals.
Maintain an adequate balance between the different components of the compensation package in line with best practices worldwide.
Ensure alignment with shareholders interests by encouraging the holding of shares.
Keep the remuneration policy of the executive directors in line with that of senior management.
Furthermore, the compensation of the directors in their roles as such is based on the following principles:
Compensation must be sufficient and appropriate to the dedication, qualification, and responsibilities of the directors, without this compensation compromising their independence of mind.
Compensation must be in line with what is commonly accepted on the market. To this end, the compensation of directors established in other Spanish and European listed companies of a similar size and whose business complexity, operations, and the geographic distribution of their assets is similar to those of Repsol, will be taken into account.