About
Repsol is Spain's largest energy company, formed in 1987 through the consolidation of Spain's state oil holdings and privatized in the 1990s. Headquartered in Madrid, the group employs about 23,000 people and generates annual revenue of roughly EUR 60 billion, operating across the full energy value chain — exploration and production, refining, chemicals, lubricants, and a fast-growing low-carbon business.\n\nRepsol's upstream portfolio spans the United States, the UK North Sea, Venezuela, and Indonesia, with LNG operations in Trinidad and Peru, while its refining system — five refineries in Spain and one in Peru — is among the most complex in Europe, producing fuels, asphalt, and petrochemical feedstocks. The company is one of the world's largest lubricant producers and marketers under its own brand, with plants in Spain, France, Portugal, and Indonesia. Its 2020 net-zero-by-2050 strategy has made Repsol one of Europe's most aggressive oil-major transitions: it is building renewable generation of more than 6 GW, green hydrogen projects, and advanced biofuels plants that convert used cooking oil into renewable diesel and sustainable aviation fuel.\n\nFor industrial buyers, Repsol supplies fuels, bitumen, lubricants, and chemicals across the Iberian Peninsula and Latin America, and its renewable and biofuels programs create procurement demand for solar panels, electrolyzers, and biofuel processing equipment.
Also known as: Repsol
