- Business
- Repsol SA (REP.DE) is a Spanish multinational energy company engaged in the exploration, development, production, refining, and marketing of crude oil, natural gas, and petroleum products; it also develops low-carbon solutions including renewable fuels, hydrogen, biofuels, and electricity generation. Founded in 1987 and headquartered at the Repsol Campus in Madrid, Spain, with additional facilities in Muskiz, Basque Country, the company operates across the full energy value chain in more than 20 countries, including major presence in Europe, Latin America, North America, and Asia; it manages seven industrial complexes in Spain, Portugal, and Peru, over 4,500 service stations primarily in Spain and Portugal, and distributes products to approximately 24 million customers worldwide. Core products and services encompass upstream exploration and production of hydrocarbons; refining of crude oil and alternative raw materials into fuels, renewable fuels, and circular materials; petrochemicals for industrial applications; liquefied petroleum gas (LPG) in bottled, bulk, and AutoGas formats; low-emission electricity from hydroelectric, combined cycle, cogeneration, wind, and photovoltaic sources; low-emission gas and electricity supply with digital solutions for self-consumption; lubricants, aviation fuels, asphalt bitumen, and petroleum specialties marketed in over 90 countries; trading and maritime transport of crude oil, intermediates, chemicals, renewable fuels, and petrochemicals; wholesale natural gas and LNG trading in North America, Spain, Portugal, and globally; multi-energy mobility solutions including electric charging, renewable hydrogen, and AutoGas at service stations; and subsoil resource optimization for geothermal energy, CO2 storage, and renewable hydrogen. Recent developments include the completion of a strategic merger with NEO Energy to form NEO NEXT, one of the largest producers on the UK Continental Shelf; a partnership with Stonepeak granting Repsol a 46.3% stake in a 777 MW solar and storage portfolio in the United States as its first renewables asset rotation there; acquisition of a 40% interest in Unioil Lubricants in Asia to expand lubricants market presence alongside prior joint ventures with Bardahl in Mexico and United Oil in Singapore; launch of a new lubricant brand aimed at doubling the business size by 2030; acquisition of a 14% stake in textile recycling company Coleo; long-term renewable fuels supply agreement with Norwegian Cruise Line Holdings in Barcelona; promotion of Spain's largest power hybridization project with Forestalia; pioneering industrial-scale production of 100% renewable gasoline; plans to build its first large-scale renewable hydrogen plant in Cartagena, Spain; achievement of first oil at the Leon-Castile project in the United States; and consideration of a merger for its $19 billion upstream unit with APA Corporation.