Repsol Half-Year Report 2023

  • Repsol posted net income of €1.42 billion in the first six months of 2023 amid falling energy prices and demand, while the company continued to take decisive steps in its transformation and in launching an innovative multi-energy offer for its customers.
  • The increase in production, the efficiency of the refining business and greater customer acquisition and loyalty, mainly through the Waylet app, led to strong earnings.
  • Between January and June, Repsol invested €3.047 billion, mainly in Spain and the United States. In 2023, the company will allocate 35% of its investments to low-carbon projects. The fiscal contribution stood at €7.343 billion in the first half of the year.

In this environment of normalization of energy prices and supply, after a turbulent 2022, Repsol’s performance reflects the robustness of the 2021-2025 Strategic Plan and the company’s integrated model, which has materialized in strong earnings.

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