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Invest in Repsol

Becoming a renewed, more sustainable company by 2030

Our business size, industrial background, clear commitment to technology and digitalization, customer-centric approach, and multi-energy vision will uniquely position us to become an active player in the decarbonization of society.

We have a significant presence in the energy sector with an international footprint in over 29 countries. We distinguish ourselves by our ability to adapt to the energy transition, prioritizing sustainability, safety, and the development of all types of energy sources for our customers. We offer a comprehensive multi-energy solution that covers all our customers' needs. We are present throughout the value chain, giving us a competitive advantage over other players in the industry. Our commitment to becoming a zero-emissions company by 2050 sets our strategic direction, with a demanding roadmap that includes ambitious goals established during the Low Carbon Day and updated in the Repsol ESG Day.

6.4 Mt of CO2 reduced from 2006 to 2022

Intermediate decarbonization targets for 2025, 2030, and 2040 in order to reach net zero emissions by 2050

More than €400 million invested in energy efficiency projects between 2021 and 2025

20 GW increase of low-carbon electric capacity by 2030

Commitment to increase the production of high-quality biofuels to exceed 1.3 Mt per year by 2030

Learn about our commitment

A global multi-energy company

We are present in more than thirty countries with operations ranging from energy exploration, production, and marketing. Our objective: provide affordable, efficient, and safe energy that sustainably responds to an increasing energy demand and facilitates the transition toward a low-emissions energy model.

24,000

 employees

around the world

3,870

MW

of electric generation capacity

1 million+

barrels per day of refining capacity

550,000

 barrels

average production of oil equivalent/day

66% 

 of our proven reserves

are gas

4,600+

 service stations

in Spain, Portugal, Peru, and Mexico

1,200+

 EV charging stations

throughout Spain

24 

 million

customers worldwide already trust in Repsol

Evolving towards a low-emissions energy model

Our objective is to advance in the energy transition and reduce not only our emissions but also those derived from the use of our products. That's why we have increased our portfolio of renewable energy projects, reaching a low-carbon generation capacity of 5 GW, which is more than 65% of our goal set for 2025.

Map showing Repsol's renewable electricity generation assets in Spain

View of a hydropower plant

Hydropower plants

We have 12 hydropower plants located in the north of Spain.

Generating hydropower
Wind turbines of the WindFloat project

Floating wind farm

Windfloat Atlantic is the world's first semi-submersible wind farm.

WindFloat project
Solar panels in the field

Photovoltaic park

We are developing three photovoltaic parks in Badajoz, Cádiz, and Ciudad Real.

Solar energy
Onshore wind turbines

Other wind energy projects

Our three onshore wind energy projects are located in the Spanish regions of Aragon and Castile-Leon.

Wind energy
View of city and wind turbines

International expansion in the renewable energy market

We are advancing toward our goal of becoming a global player in renewable energy. In 2020, we signed an agreement with the Ibereólica Renovables Group for the operation, construction, and development of projects in Chile, with the possibility of exceeding 2.6 GW by 2030. 

In 2021, we entered the renewable market in the United States, one of the biggest in the world, with the acquisition of 40% of Hecate Energy, a company specializing in the development of photovoltaic and battery projects for the storage of energy, with projects of more than 40 GW.

We started producing electricity at our first US photovoltaic plant, Jicarilla 2, located in Rio Arriba County in New Mexico.

An organizational model that brings out value

Our organization is evolving by developing a new corporate and operating model based on four business lines.

Well pictogram

Upstream

Flexibility, efficiency, and a high technological level to advance in the decarbonization of our portfolio and cash flow generation.

Refinery pictogram

Industrial

Industrial transformation based on energy efficiency, circular economy, renewable hydrogen, and CO2 capture and use.

People pictogram

Customer

Multi-energy and customized digital solutions to cover any home and mobility needs.

Wind turbine pictogram

Low-emissions generation

Ambition to become a global operator with a generation capacity of 7.5 GW by 2025 and 15 GW by 2030.

A family gathered in the living room of their home in close-up.

Committed to sustainable energy solutions

We employ innovation and technology as key drivers for providing increasingly more efficient and environmentally-friendly solutions.

We are also leaders in the development of initiatives for sustainable mobility, with more efficient fuels and new solutions like autogas and electric recharging.

Learn about our energy solutions on our Spanish website:

Recognized by experts 

Carbon Tracker, team of financial specialists, has published a report which carries out an in-depth analysis of the climate ambitions of companies in the energy sector. In response to the growing worry of our ability to fight climate change, many companies have set climate objectives that often include net zero emissions targets, but which vary considerably from one business to another, depending on the metrics used and its alignment with the Paris Agreement. Eni, Repsol, and BP lead the ranking, followed by Shell, Toal, and Equinor.

See ranking
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Main figures

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Quarterly results

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