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 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.
Learn about our Company's annual performance in the area of sustainability.
Our priority is to minimize the environmental impact of our activities by optimizing water management, air emissions, waste management, and spill prevention and response, in addition to considering biodiversity a key element.
We work to be part of the solution to climate change. Our challenge: responding to the demand for energy both responsibly and sustainably.
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.
Sustainability is an essential part of our forward-looking vision and the shared commitment undertaken by every one of us at Repsol.
The Repsol Technology Lab is an example of one of the most cutting-edge private R&D models in Spain, based on open innovation, whose objective is to seek sustainable solutions to achieve a more efficient and competitive lower-carbon business.
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.
We look for industrial startups that provide disruptive reliability and maintenance solutions, particularly those related to the prediction and detection of corrosion.
Innovation, open collaboration, and a connection with the entrepreneurial world within an environment designed for co-creation. Discover our Open Innovation program.
At Repsol, innovation is part of our DNA. That's why we support education in the technical science field in order to inspire future generations.
Soluciones energéticas 100% renovables: energía solar y electricidad para particulares, empresas y entidades públicas.
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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The project explained below shows Repsol's commitment to respect human rights, in particular to the due diligence process according to the United Nations Guiding Principles on Business and Human Rights.
Before initiating an exploratory project in Colombian territorial waters in the Caribbean Sea, in the region of La Guajira, Repsol carried out a human rights impact assessment that concluded with the Company's decision to not go through with the exploratory project.
The main outcome of this assessment revealed that the development project would impact the sacred areas of the Wayuu ethnic group without possible mitigation measures.
The exploratory project was a seismic offshore activity in Block RC 12 Occidental, in the region of La Guajira in northern Colombia.
This is a key element of the due diligence process that companies must comply with according to the “Guiding Principles on Business and Human Rights” approved in 2011 by the United Nations.
Repsol's Human Rights and Community Relations Policy is aligned with these principles, and consequently generates the following requirements for our Company:
In the preliminary analysis and the definition of the study’s scope, several actions are carried out:
The identification and assessment of impacts was carried out with a special focus on collaboration and respect for indigenous peoples and their cultures with the participation of a multidisciplinary team of internal experts and local and international consultants in human rights. Repsol’s methodology was previously presented to the traditional authorities of the Wayuu ethnic group. The interviews were carried out between March–April 2018 in Alta Guajira, by a team with expert knowledge of the area and their customs. The interviews were carried out with a diverse group of participants, with the objective of guaranteeing the active and meaningful participation of the communities.
The conclusions of the study were shared with indigenous communities at widely attended meetings held in the local language (Wayunikki), where aspects related to territoriality and a loss of identity among the young people were discussed, as well as labor, economic, environmental, and women's rights.
However, the most relevant impact identified was the protection of sacred areas. If the project were developed, it would involve an intervention in an area that the Wayuu identify as Jepira, which includes mythical and sacred areas for this ethnic group. Therefore, the culture and the very existence of the Wayuu people could be put at risk.
After assessing the cultural impact and concluding that there were no possible mitigation measures, the Company decided to abandon any kind of operations in this Block, being consistent with our policy of recognizing and respecting the cultural diversity of indigenous communities.
This case was presented in 2019 at the private event “Companies and Due Diligence in Latin America,” held at the European Parliament in Brussels.
Jepira represents where the spirits of the Wayuu's dead go to begin their journey into the unknown.
In Wayuu mythology, Jepira is an island that is located in the sea, and it's where the soul of a dead Wayuu person meets their ancestors and animals, the livestock they owned during their lifetime.
The Wayuu locate Jepira in the sea to the north of the Media Luna and Cabo de la Vela areas in Alta Guajira, which overlaps with the Direct Influence Area of the RC 12 Occidental Project.
With this project, we positively contribute to the United Nations' 2030 Agenda through the following SDGs: