Repsol posted a net profit of 1.792 billion euros in the first nine months of 2024, 36% down on the same period last year.
Adjusted earnings, which specifically measure business performance, fell by 30% to 2.684 billion euros in the first nine months of the year.
In the third quarter, net income totaled 166 million euros, down 75% on the previous quarter and 88% on the third quarter of 2023.
The company has announced the distribution of a cash dividend of E0.475 gross per share in January 2025. In addition, Repsol has set up a share buyback program to meet its commitment to buy back 60 million shares this year.
' We are taking important steps in the implementation of our strategic objectives, aimed at a profitable and fair energy transition. We firmly believe that our industrial and energy activities are engines of wealth, employment and prosperity that deserve institutional support' said Josu Jon Imaz, Repsol's Chairman and CEO.
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Repsol S.A. is one of the largest oil and gas groups in Spain. The activity is organized into four sectors:
- refining and distribution (No. 1 in Spain): 42.1 million tons of crude oil refined in 2022 and 25.5 million tons of oil products sold (kerosene, gasoline, fuel oil, gas liquefied petroleum gas, etc.). At the end of 2022, the group operated 6 refineries located in Spain (5) and Peru and a network of 4,651 service stations located in Spain (3,304), Peru (567), Portugal (515) and Mexico (265). Repsol S.A. also sells lubricants, aviation fuels, bitumen and specialty products (7,261 Kt sold in 2022), liquefied petroleum gas (1,207 Kt sold) and petrochemicals (2.5 Mt of products sold);
- production of electricity and distribution of natural gas: 8,734 Gwh of electricity generated from renewables energy and 1,650 Gwh of gas sold in 2022;
- liquefaction, transportation and regasification of natural gas;
- exploration and production of oil and natural gas: 550,000 barrels of hydrocarbons produced per day in 2022.
Net sales are distributed geographically as follows: Spain (57.9%), Peru (7.2%), the United States (5.7%), Portugal (4.6%), and other (24.6%).
REPSOL S.A. 
