Repsol (ES:REP) has released an update.
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Repsol reported a net result of 1,626 million euros for the first half of 2024, marking a 14.5% rise from the previous year, despite a challenging environment with low gas prices and smaller refining margins. The company is advancing its 2024-2027 strategic plan, focusing on a profitable energy transition and boosting shareholder returns, including a 30% increase in cash remuneration and a new share buyback program. Repsol is also expanding its renewable energy footprint, with its first renewable fuel plant in the Iberian Peninsula and strategic partnerships to enhance low-emission product development.
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