Fact sheet

We are a multienergy company that provides useful, everyday products and services to society, o ering new energy solutions. We are committed to designing the energy of the future and helping society grow in a sustainable manner, through innovative management, digitalization, and technology.

Our company

Repsol worldwide

World map Repsol worldwide

Our businesses


The Upstream area is focused on the exploration and production of oil and natural gas.

  • Upstream's adjusted net income in 2017: 632 million euros.

  • We have a balanced asset portfolio centered on strategic production areas such as North America, Southeast Asia, and Latin America.

  • Exploration & Production projects in 31 countries.

  • Average net production: ~700 thousand barrels of oil equivalent per day.

  • Net proved reserves: 2.355 billion barrels of oil equivalent in 2017.

  • Percentage of gas in our asset portfolio: 63% of production and 74% of reserves.

More about Upstream


Supply and trading of crude and products, oil refining, production and marketing of oil and petrochemical products, marketing of liquefied natural gas, and the generation and marketing of low-emissions electricity.

  • A net adjusted income of 1.877 billion euros in 2017.

  • 7.9% rise in the refining margin indicator in Spain.

  • 7.9% increase in petroleum product sales.

  • + 4,700 service stations worldwide.

  • We distribute lubricants and petrochemical products to over 90 countries.

  • 20% increase in natural gas sales in North America.

  • 2.5 billion euro investment in low-emissions businesses from 2018-2020.

  • 8.1% increase in sales of AutoGas in Spain.

More about Downstream

Our commitments to a sustainable future

Learn more about sustainability

2018-2020 Strategic Plan: growth and value creation

Repsol's strategy is based on three pillars: increasing shareholder returns, profitable growth of the Upstream and Downstream businesses, and making progress toward the energy transition through new initiatives.

Increasing shareholder returns

  • Dividend per share 8% p.a. growth with full buyback of shares.

  • Dividend target fully covered at $50/bbl.

  • CFFO dividend coverage to grow from 3.9x in 2017 to 4.3x in 2020.

  • Sustainable long term pay-out.

Growing our portfolio profitably

  • Growth across all value-creation metrics, at any oil price.

  • Downstream activated as asset-light growth engine.

  • Upstream delivering performance improvement and portfolio upgrade.

  • Strong pipeline of attractive growth projects in both divisions.

Thriving in the energy transition

  • Develop long term options.

  • Leverage our competitive advantages.

  • Reduce carbon footprint.

  • Build new capabilities.

Financial flexibility

2018-2020 Strategic Plan
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