One of the largest energy companies, present in the entire value chain: exploration and production, transformation, development and commercialization of efficient, sustainable and competitive energy.
We are a multi-energy company operating around the globe. Our activities range from oil and gas exploration and production to refining as well as selling derived products and providing services for your everyday life, such as natural gas and electricity.
The people on our team represent our prime competitive advantage and guarantee the company's future. A flexible and committed team comprising over 25,000 employees, united by a shared vision and values.
Our 2018-2020 Strategic Plan is focused on growth and value creation and is based on three pillars: increasing shareholder distribution, growing our businesses (Upstream and Downstream), and developing new businesses linked to the energy transition.
Our facilities are a reflection of our values and company culture. Our smart buildings promote smooth communication and transparency between team members, while allowing them to be more efficient and versatile in their work.
Our brand reflects our efficient, modern, responsible, and transparent management style which characterizes our company. Moreover, it conveys our values and builds trust.
A global, integrated company with over 90 years of history seeking to supply society's energy needs.
At Repsol, we ensure integrity in the relationships the Company maintains with its suppliers and contractors. Our suppliers are a part of our team and working together enables us to continuously evolve.
We look for energy solutions that meet people's needs and safeguard their well-being. With our solid and diversified business undertakings, we stay one step ahead of the future.
Nuestra prioridad es minimizar los impactos ambientales generados por el desarrollo de nuestra actividad, optimizando la gestión del agua, las emisiones al aire, la gestión de los residuos, la prevención y respuesta ante derrames y considerando la biodiversidad como un elemento clave.
Trabajamos para ser parte de la solución al cambio climático. Nuestro reto es dar respuesta a la demanda de energía de forma responsable y sostenible.
Each and every one of our decisions aims to guarantee the safety of our workers, customers, users, and suppliers. We firmly believe that all accidents can be prevented, and we develop ever-improving prevention mechanisms.
Each and every one of the actions taken by the people who make up Repsol determine the present and the future of our company. Therefore, we train our employees in core values that must govern their behavior and communicate all of our actions in a way that's reliable, transparent, and verifiable.
We are committed to managing our tax affairs by applying good practices and acting transparently. We pay our taxes responsibly and efficiently, and we foster cooperation with governments, thus avoiding serious risks and unnecessary conflicts.
We make reasonable efforts to ensure that our activities do not have negative impact on human rights, and should they occur, we do everything we can to correct them. Moreover, we do everything within our power to prevent impacts directly related to the activities of our business relationships.
We are committed to offering training, work-life balance, and social benefits, which translate into a high talent retention rate.
Each year, we renew our commitment to sustainability and draw up plans at the operating center, corporate, and country levels.
Sustainability is an essential part of our forward-looking vision and the shared commitment undertaken by every one of us at Repsol.
Innovation is in our DNA. That's why we've taken on the ambitious challenge of transforming the energy sector through the passion of our professionals, people who question things to make them better.
The aim of Repsol Corporate Ventures is to speed up the incorporation of innovative technologies and business models through an investment fund that will be allocated to different startups offering solutions in the fields of advanced mobility, new materials, circular economy, and digital technology applied to exploration and production.
Global, integrated, sustainable, and present throughout the entire value chain. These are just some of the compelling attributes that make us as an attractive company.
Useful documents to follow the company's profitability and sustainability-related measures and initiatives.
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We believe energy efficiency is one of the most effective ways to reduce greenhouse gas (GHG) emissions. Although energy efficiency has always been a part of our projects, in recent years we have gone one step further by promoting ambitious goals and plans to lessen the energy and carbon intensity of our operations.
1. Controlling and reducing our greenhouse gas emissions
Around 60% of a refinery’s variable costs are related to energy. Improving the efficiency of our processes solves the two-fold challenge of cutting expenses and reducing GHG emissions. To guarantee operational excellence in terms of energy, we constantly monitor our energy and carbon plans.
2. Limiting emissions from flaring
Flares are a key factor in ensuring our refining facilities and the surrounding areas are safe and the environment is protected. Actions to reduce emissions from the routine burning of hydrocarbons in flares are especially important as they allow us to reduce GHG emissions and minimize the loss of products or fuel.
In 10 years, we have cut back 327,000 metric tons of CO2 a year by implementing over 40 actions for reducing flaring emissions.
3. Pioneers in sustainable investment
In 2017, we issued a certified green bond valued at €500 million and became the first Oil & Gas company to use this type of asset. It will be used to fund over 300 initiatives designed to improve energy efficiency and reduce CO2 emissions.
4. Working to make engines use fuel more efficiently in transportation
Sustainable mobility will help society transition to a low-emissions future.
The following steps are being taken to achieve this:
Reducing our carbon footprint
At Repsol, we calculate the carbon footprint of our products by analyzing their impact in all stages of their life cycle. The methodology that we use for the calculation is ISO 14067 certified, an international standard that validates the rigor of our work.
Calculating our carbon footprint allows us to: