Shareholder remuneration
Remuneration and dividends
During the Capital Markets Day 2026–2028, held on March 10th, 2026, we reinforced our commitment with an increasing and sustainable shareholder remuneration. We expect the dividend per share to grow at a rate exceeding 6% per annum through 2028, supported by both cash payments and share repurchase programs. For 2026, we have announced a gross dividend of 1.051 euros per share, including 0.50 euros gross per share paid in January, an increase of 7.8% compared to the previous year.
Altogether, we estimate to distribute €3.6 billion in cash dividends in the period 2026–2028, complemented by share repurchases of up to €3.5 billion, depending on the macro price scenario contemplated in the Capital Markets Day. This remuneration policy is based on financial discipline, with the commitment to allocate between 30% and 40% of the operating cash flow to shareholder remuneration, maintaining balance sheet strength and investment capacity.
€0.500 per share
Ex-dividend date: 01/12/2026
Date of payment: 01/14/2026
| To date acumulated update | ||
|---|---|---|
| Total acumulated investment (€M) | Total shares purchased (M shares) | Last update |
| 244.4 | 11.1 | 06/18/2026 |
| General programme information | ||
| Maximum investment (€M) | Implementation date | CNMV implementation comunication |
| 350 | 03/09/2026 | See communication |
| Completion date | CNMV completion communication | |
| - | - | |
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By phone: (Toll-free from Spain)
+34 900 100 100
By email:
infoaccionistas@repsol.com
Shareholder Information Office
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Updated as of June 2026