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Invest in Repsol

By 2030, we will be a renewed and more sustainable company

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.

6.6 Mt of CO2 reduced from 2006 to 2023.

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

Financial objectives achieved

Highlighted performance over the period of the Strategic Plan 2021-2025.

€21.4

Billion

Operating cash flow 2021-23.

€14.2

Billion

Adjusted result 2021-23.

€-4.7

Billion

Reduction in net debt 2020-23.

€3.6 

/share

Average earnings per share 2021-23.

€6.2

Billion

Distributed to shareholders in 2021-23.

310 

M shares

Share buyback 2021-23 (~20% of capital).

€13.4

Billion

Gross capex 2021-23 (€11.3 billion net capex).

32

%

of gross capex dedicated to low-carbon initiatives 2021-23.

A global multi-energy company

We are present in twenty seven 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.

25,000+

 employees

around the world.

+5,000

MW

of electric generation capacity.

1 million+

barrels per day of refining capacity

599,000

 barrels

average production of oil equivalent/day.

64% 

 of our proven reserves

are gas.

4,500+

 service stations

in Spain, Portugal, Peru, and Mexico.

1,850+

 EV charging stations

throughout Spain and Portugal.

24 

 million

customers worldwide already trust in us.

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 the world

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 operating and developing photovoltaic parks in Spain, Chile, the US, and Italy.

Solar energy
Onshore wind turbines

Other wind energy projects

We have wind farms in operation in Spain, Chile, and Italy and soon also in the US.

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 2024, we completed the construction of the Frye Solar photovoltaic plant in the United States, the largest solar project built by Repsol, with nearly one million panels and an installed capacity of 637 MW.

In 2023, Repsol entered the U.S. onshore wind market with the acquisition of ConnectGen from Quantum Capital Group, strengthening the company's position in the renewable energy market.

In the first half of 2023, Repsol and the Ibereólica Renovables Group’s first solar project in Chile began producing electricity. This is Repsol Ibereólica Renovables Chile's third joint project in operation, after the 192.5 MW Cabo Leones III and 165.3 MW Atacama wind farms, strengthening the company's low-emissions business in the country.

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

Portfolio growth and further international expansion with a target of 9-10 GW by 2027 and 15-20 by 2030.

See the previous Strategic plan

2021-2025 Plan |PDF| 4.8 MB
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

Learn about our main figures
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Quarterly results

See results