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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.
We look for industrial startups that provide disruptive reliability and maintenance solutions, particularly those related to the prediction and detection of corrosion. If you’re interested, send us your proposal before May 31st More information
Human evolution has always involved the search for resources and energy in order to survive. Our history on this planet is moving forwards in parallel with the history of energy.
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.
Repsol posts a net income of 608 million euros in the first quarter
Repsol’s net income reached 608 million euros, in line with the 610 million euros earned in the same period of last year. Adjusted net income, which specifically measures the progress of the Company’s businesses, increased by 6% to 618 million euros, compared with the 583 million euros earned last year.
The Company achieved these results despite lower oil prices than in the same period of 2018 (with a 6% decrease in Brent), and with production in Libya interrupted until March 4th, demonstrating the Company’s ability to adapt and create value under any circumstances.
In Indonesia, Repsol made the world’s greatest onshore discovery in the first quarter of the year. The recoverable resources discovered are estimated to be equivalent to two years’ worth of gas consumption in Spain.
The Upstream unit (Exploration and Production) continued its positive performance trend, posting an income of 323 million euros, 12.5% greater than the first quarter of 2018.
The Downstream unit (Refining, Chemicals, Mobility, Lubricants, LPG, Trading & Gas, and Repsol Electricidad y Gas) earned 404 million euros, with particularly good performance from Refining, Trading, and Chemicals.
At the end of the quarter, the Board of Directors announced that the Annual General Meeting will take place on May 31st. They will propose a gross shareholder remuneration equivalent to 0.525 euros per share, bringing the total proposed remuneration for the year equivalent to 0.95 euros per share, which represents an increase of 5.6%.