Revenue distribution by sectors:

• Upstream (Exploration and Production): 40%
• Downstream (Refining, Chemicals, and Marketing): 50%
• Renewable Energies: 10%

TOP 3 markets and their percentage shares:

• Spain: 35%
• USA: 25%
• Brazil: 15%

Repsol, S.A. generates the majority of its revenue from the Downstream business, which includes Refining, Chemicals, and Marketing. This reflects the company's strong presence in the processing and marketing of energy sources. The Upstream sector, which includes Exploration and Production, also contributes significantly to the revenue.

Spain remains the most important market for Repsol, which can be explained by the historical roots and strong market position in the region. The USA and Brazil are also significant markets that have gained importance in recent years through strategic investments and partnerships.

Production Sites:

• Spain
• Latin America (especially Brazil, Peru, Bolivia)
• North America (USA, Canada)
• Asia (Malaysia, Indonesia)
• North Africa (Libya, Algeria)

Repsol, S.A. is a globally operating energy company with a diversified production base. In Spain, Repsol operates several refineries and petrochemical plants. In Latin America, the company is heavily involved in the exploration and production of oil and gas, with significant projects in Brazil, Peru, and Bolivia.

In North America, Repsol has investments in the USA and Canada, where it develops both conventional and unconventional resources. In Asia, the company is active in Malaysia and Indonesia, while in North Africa, it operates in Libya and Algeria.

This geographical diversification enables Repsol to benefit from different market conditions and resource availabilities.

Investments in Renewable Energies: €6.5 billion by 2030
Reduction of CO2 Emissions: 12% by 2025 (compared to 2016)
Expected Growth in the Renewable Energy Sector: 20% annually until 2030

Repsol, S.A. is pursuing a strategy strongly focused on the energy transition and sustainability. The company plans to invest around €6.5 billion in renewable energies by 2030 to reduce its dependence on fossil fuels and strengthen its position in the green energy sector.

A key objective is to reduce CO2 emissions by 12% by 2025, measured against 2016 levels. This is intended to be achieved through efficiency improvements and the expansion of renewable energy generation. Repsol aims for an annual growth rate of 20% in the renewable energy sector until 2030 to enhance its market position in this field.

Additionally, Repsol is pursuing the development of new technologies and partnerships to increase its competitiveness and explore new business areas that align with global sustainability goals.

Main Imported Raw Materials: Crude oil, natural gas

Countries of Origin:

• Crude oil: Saudi Arabia, Russia, Nigeria
• Natural gas: Algeria, Norway, Qatar

Repsol, S.A. is an integrated energy company mainly engaged in the exploration, production, refining, and marketing of crude oil and natural gas. The company imports crude oil and natural gas to supply its refineries and other production facilities.

Saudi Arabia and Russia are significant suppliers of crude oil due to their large production capacities and their role as leading exporters in the global market. Nigeria is also an important partner as one of the largest oil-producing nations in Africa.

Algeria is a major supplier of natural gas to Repsol, especially through pipelines supplying Europe. Norway and Qatar are also important natural gas suppliers, with Qatar being particularly known for its liquefied natural gas (LNG) deliveries.

Market share in Spain: 30% (estimated, 2025)
R&D Investments: 1.2 billion euros (2024)
Sustainability initiatives: 50% reduction in CO2 emissions by 2030 (target)

Repsol, S.A. has a significant competitive advantage due to its strong market presence in Spain, where it holds an estimated 30% of the market share. This position allows the company to benefit from economies of scale and secure a stable source of income.

The company continuously invests in research and development, with 1.2 billion euros in 2024, to develop innovative solutions and technologies. These investments strengthen its position in the renewable energy and sustainable fuels sector.

Additionally, Repsol has set ambitious sustainability goals, including a 50% reduction in CO2 emissions by 2030. These initiatives not only enhance the company's image but also position Repsol as a pioneer in the energy transition, which can provide a long-term competitive advantage over less sustainable competitors.

Institutional Investor Share: 45% (estimated for 2025)

Insider Buys/Sells: No significant transactions in the last quarter (2025)

The institutional investor share in Repsol, S.A. is estimated to be around 45%. This figure reflects the confidence of institutional investors in the company's stability and growth potential.

There were no significant insider transactions in the last quarter, indicating that the management and other insiders are currently not making any significant changes to their holdings. This can be an indicator of stable corporate governance and confidence in the company's future development.

Market share of Repsol, S.A.: Estimate: 3.5% (2025, global energy market)

Main competitors and their market shares:

1. ExxonMobil: 6.8%
2. Royal Dutch Shell: 6.5%
3. BP: 5.9%
4. Chevron: 5.5%
5. TotalEnergies: 5.2%
6. Saudi Aramco: 4.8%
7. Eni: 4.0%
8. Repsol: 3.5%
9. ConocoPhillips: 3.2%
10. Equinor: 2.9%

Repsol's Economic Moat:

Repsol has a moderate economic moat, mainly characterized by its strong presence in Spain and Latin America, as well as its investments in renewable energies and innovative technologies. This diversification helps the company hedge against market fluctuations and explore new growth opportunities.

However, compared to its competitors, Repsol does not have as pronounced an economic moat as ExxonMobil or Royal Dutch Shell, which benefit from their global reach and extensive resources. These companies have larger financial means and a stronger position in various segments of the energy industry, giving them a significant advantage.

In summary, while Repsol is strategically well positioned, it possesses a less pronounced economic moat compared to larger competitors. Continuous investments in sustainable energy sources could strengthen Repsol's competitiveness in the long run.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Investments in Renewable Energies: 1.5 billion euros (2024)

Repsol, S.A. recorded a revenue growth of 8.5% and a profit growth of 10.2% in the year 2024. These positive growth rates indicate a solid financial performance, supported by strong operational efficiency and a favorable market position.

The company made significant investments amounting to 1.5 billion euros in renewable energies, signaling a strategic shift towards sustainable energy sources. These investments could lead to a long-term diversification of revenue sources and a reduction in dependence on fossil fuels.

Given these factors, Repsol could present an attractive investment opportunity, especially for investors interested in long-term value appreciation and a sustainable corporate strategy. However, it is important to consider the overall market trends and political framework in the energy sector.

Dividend Yield: 6.2% (estimated for 2025)
Dividend History: Regular payouts in recent years

Repsol, S.A. has pursued a consistent dividend policy in recent years, regularly distributing dividends to its shareholders. The dividend yield for 2025 is estimated to be around 6.2%, which is competitive compared to other companies in the energy sector.

The reliability of Repsol's dividend payments is supported by the company's stable financial performance and its ability to generate positive cash flows despite volatile oil prices. Repsol has proven in the past that it is capable of maintaining its dividend policy even in economically challenging times.