Investments and divestments

The investments are based on the Strategic Plan

The 2024-2027 strategic update includes investments of €16-19 billion, of which more than 35% will be allocated to low-carbon initiatives.

See update |PDF| 10.62 MB

Latest investments and divestments

We complete a strategic merger with NEO Energy

The combined group has been renamed NEO NEXT and becomes one of the largest producers on the UK Continental Shelf (UKCS).

Go to news article

We join forces with Stonepeak

We are the first partner in a portfolio of renewable assets in the United States, with a 46.3% stake in a 777 MW solar and storage portfolio.

Know more

We invest in new production line (only available in Spanish)

We have invested 2.5 million euros in our Palencia factory for the manufacturing of paraffin beads, boosting innovation, sustainability, and economic development.

Learn more

Investments and divestments in recent years

We expand our presence in Asia

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We approved a historic investment in Catalonia to build the first plant in Europe to transform urban waste into renewable methanol

See

We approved a historic investment in Catalonia to build the first plant in Europe to transform urban waste into renewable methanol

See
We have built Frye Solar

See
We acquire a 40% stake in Genia Bioenergy

See
We partner with Bunge to boost supply of renewable fuels

See

We enter the US onshore wind market with the purchase of ConnectGen

See
We sell our exploration and production assets in Canada

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We purchase a 50.01% stake in CHC Energía

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We purchase three wind farms and two solar plants from ABO Wind

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We invest in our Puertollano industrial complex reinforcing our commitment to the circular economy

See

We purchase Asterion Energies

See
We invest in energy management platform Smarkia

See
We partner with EIG in our Upstream business

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We add EIP and Crédit Agricole Assurances as partners to grow in the Renewables business

See
We will manufacture a 'super polymer' in our Puertollano Industrial Complex

See
We create an ESG investment fund together with Crédit Agricole Indosuez and Portobello Capital

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We become shareholders in Enerkem

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We acquire Capital Energy's portfolio of residential and SME electricity customers

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We install 610 public electric recharging points in Spain and Portugal

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We invest to boost renewable hydrogen

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We will start up the first electrolyzer at Petronor

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We expand our industrial complex in Sines

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We sell Exploration and Production assets in Malaysia and Vietnam

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We enter the Renewables market in the United States

See
We launch Ekiluz, a citizen cooperative for renewable generation

See
We build a waste to chemicals plant

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We sell our fuel business in Italy

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We purchase the company Gana Energía

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We build the first biofuels plant

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We are investing to expand our range of polymers

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We acquire renewables assets in Chile

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We sign an agreement with Kia to give momentum to electric mobility

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We develop two major emissions-reduction projects

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We launch Solmatch: The first large solar community in Spain

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We strengthen, alongside IBIL, our position in electric vehicle charging

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We acquire Equinor stake in Eagle Ford

See pdf (151,25 KB)
We develop three new renewable energy projects

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We acquire a stake in 3D printing company Recreus

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We buy Viesgos Low-emmisions assets and retail business

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We sell Gas Natural shares

See pdf (264,72 KB)

See the previous Strategic plan

2021-2025 Plan |PDF| 4.8 MB

Investments and divestments

The investments are based on the Strategic Plan

See the strategic update 2024-2027

Latest investments and divestments

We complete a strategic merger with NEO Energy

We join forces with Stonepeak

We invest in new production line (only available in Spanish)

2025

2024

2023

2022

2021

2020

2019

2018

See the previous Strategic plan