Shareholder remuneration

In our 2024-2027 Strategic Update the company increased the cash dividend by approximately 30% in 2024, to 0.9 euros per share (1.095 billion euros in total) and committed to increasing it by 3% annually. With this, Repsol will distribute 4.6 billion euros in cash in the 2024-2027 period.

This remuneration will be complemented with share buybacks of up to 5.4 billion euros, in the expected price environment, thus allocating up to 10 billion euros to remunerate shareholders over the next four years. This target is equivalent to distributing between 25% and 35% of cash flow from operations.

In addition, Repsol redeemed 370 million shares between 2022 and 2024, placing its share capital at 1.157 billion shares.