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Venezuela and Spanish energy group Repsol have signed "strategic agreements," the government of the South American country said in a statement on Thursday.
Repsol remains optimistic on Venezuela, citing growing gas production, though it's too early for specific guidance. Customer and industrial businesses are viewed as fully integrated and strategically important in Iberian markets, with no plans to divest. Potential asset sales in Upstream and Renewables demonstrate a focus on value creation and portfolio optimization.
Repsol, S.A. (REPYY) Analyst/Investor Day Transcript
Spanish energy group Repsol is considering welcoming new investors in its renewables business in the United States as it reviews its approach to renewable power generation, CEO Josu Jon Imaz said on Tuesday.
The Spanish energy company intends to return around $4.19 billion to shareholders via cash dividends, complemented by share buybacks.
Spanish energy group Repsol pledged on Tuesday to give shareholders between 30% and 40% of the cash flow it generates from its operations through 2028 via dividends and buybacks while slowing down investments.
Spanish energy group Repsol has lowered its 2030 targets for renewable capacity and low-carbon products as it adapts to evolving market conditions, a report released as part of its 2025 results shows.
Repsol, S.A. (REPYY) Q4 2025 Earnings Call Transcript
Spanish energy company Repsol maintained the pace of its share buyback and raised its dividend for 2026.
Repsol's fourth-quarter results on Thursday marked the debut of a new reporting model under which the Spanish company aims to better reflect the growing importance of minority shareholders and joint ventures in businesses like upstream and low carbon.
Spanish energy major Repsol has appointed Juan Romero as its global head of trading, a spokesperson told Reuters on Friday.
Venezuela plans to grant more oil-production land to Chevron and Spain's Repsol SA , Bloomberg News reported on Thursday citing people familiar with the matter.
Spain's competition watchdog said on Tuesday it was imposing fines totalling 20.5 million euros ($24.2 million) on three companies in the Repsol group for what it called an abusive margin-squeeze strategy that harmed independent and low-cost fuel stations.
The liquefied natural gas supplier defeated Repsol in arbitration as disputes with BP and Shell continue.
Venture Global said on Wednesday an arbitration tribunal had ruled in its favour in a dispute with Spain's Repsol over the U.S. supplier's initial failure to deliver liquefied natural gas from its Calcasieu Pass project under a 20-year long-term contract.
In afternoon trade in Europe, shares were down nearly 6% the second-largest faller on the Stoxx Europe 600 index.
European energy companies Eni and Repsol are struggling to recover recover about $6 billion in gas payments from Venezuela and are facing indifference from U.S. officials about the debt, the Financial Times reported on Tuesday.
TotalEnergies UK acquires a 47.5% stake in Neo Next Energy under the deal.
French oil major TotalEnergies said on Monday it agreed to merge its oil assets in the British North Sea with NEO NEXT Energy, a partnership between Spain's Repsol and HitecVision.
Repsol SA is considering a reverse merger of its upstream unit with potential partners, including U.S. energy producer APA , Bloomberg News reported on Thursday, citing people with knowledge of the matter.