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…

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…

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…

Alphavalue / Divacons | The Venezuelan government, through PDVSA, and Spanish oil company Repsol and Italian oil company Eni have signed a gas supply agreement. According to Delcy Rodríguez, the agreement ‘guarantees gas supplies’ in Venezuela for national development and domestic consumption. The government also expressed its willingness to promote new partnerships in oil and gas to increase production. Rodríguez thanked both companies for remaining in Venezuela during the ‘hardest…