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Repsol’s quarterly results

Repsol posts net income of €1.792 billion, a 36% decrease  

  • Repsol reported a net income of €1.792 billion in the first nine months of 2024, a decrease of 36% compared to the same period of 2023. 
  • Adjusted income amounted to €2.684 billion through September (-30%), in a context of low crude oil and gas prices and lower refining margins. 
  • During the year, the company made progress in implementing the 2024-2027 strategic update, which focuses on a profitable energy transition. 
  • Repsol has begun producing 100% renewable fuels from waste at its Cartagena plant, the first industrial-scale plant of its kind on the Iberian Peninsula, and already has more than 580 service stations in Spain and Portugal supplying this product. 
  • The company has announced the distribution of a cash dividend of €0.475 gross per share in January 2025. In addition, Repsol has a share buyback program in place to achieve its commitment to redeem 60 million shares this year.

34%

Global effective income tax rate in the first nine months of the year

33

million

liters of 100% renewable fuel sold by 2024

Picto información

Press release

PDF | 332 KB

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Analysts' note

PDF | 1.1 MB

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Josu Jon Imaz, Repsol's Chief Executive Officer

“We are taking important steps in the implementation of our strategic objectives, aimed at a profitable and just energy transition. We strongly defend that our industrial and energy activities are engines of wealth, employment and prosperity that deserve institutional support."

Josu Jon Imaz, Repsol's Chief Executive Officer

2024

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