Repsol

Companies 3rd October 2025

Repsol negotiates agreement with US to unblock €330 million of energy assets in Venezuela

Banco Sabadell | According to press reports, Repsol is in intense negotiations with the US government to unblock its energy assets in Venezuela, valued at €330 million (2% capitalisation). Since the trade blockade imposed by Donald Trump in March, the company has been unable to export hydrocarbons as compensation for PDVSA’s historical debts to it. Repsol is seeking White House authorisation for a compensatory agreement that would allow it to…

Companies 30th September 2025

Leon-Castile project, involving Repsol, achieves first oil production off Louisiana coast

Renta 4 | According to the company itself, the consortium of Repsol, LLOG Exploration Offshore, and O.G. Oil & Gas has achieved its first oil production in the Leon-Castile deepwater fields off the coast of Louisiana in the United States. Specifically, production has begun at a well in the Leon field, and two other wells are expected to come on stream this year in Leon and the adjacent Castile field,…

Relevant News Item 30th September 2025

Repsol to Build its First Large Renewable Hydrogen Plant in Cartagena

Repsol has given the green light to its first large-scale electrolyser, with a capacity of 100 MW, at its industrial complex in Cartagena. The facility, involving an investment of €300 million, will be capable of generating up to 15,000 tonnes of renewable hydrogen annually, and will prevent the emission of up to 167,000 tonnes of CO2 each year. The company will use the renewable hydrogen as a feedstock to manufacture…

Companies 25th September 2025

Repsol negotiates sale of stake in Pikka, while talks with Aramco on renewables stall

Banc Sabadell | Pertamina Hulu Energi, a subsidiary of Indonesian state-owned company Pertamina, is in final negotiations to acquire 12.5% of the Pikka project in Alaska for $1 billion (€847 million/5% capitalisation), according to press reports. Repsol (REP) owns 49% of the project, while the Santos group controls the rest. On the other hand, Reuters reports that negotiations between Aramco and Repsol for the purchase of 25% of its Renewables…

Companies, Relevant News Item 24th July 2025

Repsol exceeds consensus and fulfils commitments: earns €603 million and announces €350-million share buyback programme

Renta 4 | Repsol (REP) has published its results for Q2 2025, significantly exceeding our estimates and those of the consensus, both in EBIT (up 16% versus consensus) and in adjusted earnings (up 41% versus consensus), recording declines of 19% year-on-year and 18% year-on-year, respectively, reflecting the volatile environment of the quarter, with lower realisation prices for crude oil offset by higher gas prices in upstream and where the industrial…

Relevant News Item 15th July 2025

Repsol acquires 70% of energy and gas marketing company ODF Energía for approximately €21 million

Renta 4 | According to information published in the press, Repsol (REP) has agreed to acquire 70% of On Demand Facilities S.L. (ODF Energía), an electricity and gas marketing company, for a price of around €21 million.ODF Energía, which has a portfolio of around 22,000 business customers (>1% of Repsol’s portfolio), bases its value proposition on a flexible business model that is close to the channel, with a strong focus…

Spanish economy 3rd July 2025

Elliott Management increases stake in Repsol to 1.35%, equivalent to investment of almost €200 million

Link Securities | Activist fund Elliott Management, which last March burst onto the scene by acquiring a stake in Repsol, Spain’s leading oil company, continues to climb the ranks, Expansión reports today. According to National Securities Market Commission (CNMV) records, it now holds 1.35% of Repsol’s capital, which at current prices is equivalent to an investment of almost €200 million. In half a dozen successive transactions since March, the fund…

Spanish economy 29th June 2025

Repsol sells 24% stake in Corridor block in Indonesia to Medco Energi for $425 million, adding $70 million to 2025 profits

Link Securities | The Spanish oil company informed the National Securities Market Commission (CNMV) that it has reached an agreement to sell its 24% stake in the Corridor block in Indonesia, where it is not the operator, to Medco Energi for $425 million. This transaction is part of Repsol’s asset rotation strategy to optimise its upstream portfolio and focus its efforts on assets that offer high profitability and cash generation….

Spanish economy 4th May 2025

Weak 1Q25 results for Repsol: €366 million profits compared to 1Q24’s €969 million, due to fall in oil prices

Bankinter | Weak Q1 2025 results, affected by the fall in oil prices. Guidelines maintained despite the complex context. BNA figures versus market consensus estimates: Exploration and Production €458 million (+3.6%) versus €382 million estimated, Industrial €131 million (-82.1%) versus €192 million estimated; Customer €160 million (-2.6%) versus €157 million estimated, Low Carbon Generation €5 million versus €7 million estimated. Key figures compared with market consensus: Revenue €14,408 million (-5.1%…

In the World 15th April 2025

Repsol now producing electricity at its largest wind farm in Chile

Repsol is now producing electricity at Antofagasta Phase 1, its largest wind farm to date and one of the largest in Chile. Located in the Taltal commune, in the Antofagasta region, it has a total installed capacity of 364 MW. Construction of Phase 2, with a capacity of 450 MW, will begin shortly, the energy company reports. With an investment of nearly €400 million, Antofagasta Phase 1, which will become…

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