Repsol reported a net profit of €5.006 billion in the first nine months of the year, representing a 325% increase compared to €1.177 billion in the same period last year. This performance was boosted by stock revaluation (+€943 million) in a 2026 environment marked by rising prices for crude oil and refined products driven by the conflict in the Middle East, according to the company, which has accelerated its shareholder…
Repsol submitted a provisional preview of its operational data for the third quarter of the fiscal year (3Q2026) to the CNMV, showing solid financial strengthening driven by margin optimization and an operational rebound. Estimated production reached 574,000 barrels of oil equivalent per day (boe/d), recording a 2.9% quarter-on-quarter and 4.2% year-on-year increase, driven strongly by the North American business (+6.8%). The most decisive variable for the profitability of its downstream…
Spain and five other European Union (EU) countries are demanding a debate in September on a windfall tax on oil companies’ extraordinary profits. Germany, Spain, Portugal, Italy, Poland, and Austria have requested that the issue be included on the agenda for the meeting of EU Finance Ministers on September 18 and 19 in Dublin, following the sharp surge in energy prices caused by the Iranian blockade of the Strait of…
Report by Link Securities Repsol (REP) has informed the National Securities Market Commission (CNMV) that the Chief Executive Officer, in accordance with the delegation of powers granted to him by REP’s Board of Directors, has agreed to launch the Share Buy-back Programme pursuant to the authorisation granted by the General Meeting. The Share Buy-back Programme will be carried out in accordance with the terms set out below: 1. Objective of…
The company explains that these figures come against a backdrop of high volatility in the energy markets, which has led to greater price fluctuations and restricted supply. Reported by Consejeros Editorial Team Repsol’s net profit soared in the first half of the year to €2.201 billion. According to information submitted to the National Securities Market Commission (CNMV), this result represents a threefold increase (265%) in profits compared with the period…
Report by Link Securities The Spanish oil company and Masdar (Abu Dhabi Future Energy Company) have signed an agreement whereby Masdar will acquire a 49.99% stake in a portfolio of renewable energy assets in Spain for approximately €150 million. The transaction values the portfolio at €849 million. The portfolio comprises 705 megawatts (MW) of operational capacity, including 13 wind farms (402 MW) and six solar photovoltaic farms (303 MW), all…
Link Securities | Repsol (REP) will claim €125 million from the electricity companies Iberdrola (IBE), Endesa (ELE) and Naturgy (NTGY) over the power cut on 28 April 2025, which affected its five refineries in Spain, as the deadline for claiming damages expires this month, according to the newspaper Expansión. This was confirmed to the newspaper by sources familiar with these legal proceedings.
Renta 4 | Repsol has signed an agreement with the Venezuelan Ministry of Hydrocarbons and the state-owned company Petróleos de Venezuela (PDVSA) to regain operational control and increase oil production at Petroquiriquire (60% PDVSA and 40% Repsol). The deal also aims to guarantee payment mechanisms and strengthen the operational framework for its activities in the country, under the Framework Agreement originally signed in 2023. We recall that this agreement, amended…
Banco Sabadell | Repsol has been awarded 42 new exploration blocks in the latest federal licensing round in Alaska and will participate alongside Shell in a partnership in which Repsol will hold a 30% operating interest. Assessment: Positive news, albeit of limited impact, reflecting Repsol’s commitment to North America, particularly Alaska. We note that Pikka would be one of the largest conventional onshore discoveries in the US, where the company…
Bankinter | We view the update to the strategic plan positively. It involves a focus on strengthening the balance sheet, optimising investments and enhancing positioning in the Upstream, Industrial and Customer segments. Furthermore, it reinforces shareholder remuneration, which was already attractive. In our view, Repsol will also benefit from a positive environment for oil and gas, against a backdrop of heightened geopolitical tension and war in Iran, which works in…