Repsol Sets Up to €10 Billion Investment Plan and Boosts Cash Flow Targets to 2028

Repsol ( (REPYY) ) has provided an update.

Repsol plans to invest between 8.5 billion and 10 billion euros through 2028, with 55% of spending earmarked for Spain and Portugal and 34% for the United States, and around 30% dedicated to low-carbon projects. The company expects operating cash flow to reach 6.5 billion euros in 2028, leveraging its integrated model and strong balance sheet to support growth, improve competitiveness, and advance its net-zero 2050 commitment.

The updated 2026-2028 roadmap, unveiled at Capital Markets Day, reaffirms strategic priorities of financial strength, disciplined investment, and attractive shareholder returns, with planned cash dividends of 3.6 billion euros and total payout targeted at 30%-40% of operating cash flow. Repsol also outlines business-specific goals, including upstream output of 580,000-600,000 barrels of oil equivalent per day, industrial investments of up to 4.1 billion euros, and expansion of low-carbon generation capacity to as much as 9,000 MW, underscoring its push to consolidate its multi-energy profile despite a volatile geopolitical backdrop.

The most recent analyst rating on (REPYY) stock is a Hold with a $26.00 price target. To see the full list of analyst forecasts on Repsol stock, see the REPYY Stock Forecast page.

More about Repsol

Repsol is a vertically integrated multi-energy company active across exploration and production, industrial refining and chemicals, customer energy supply, and low-carbon power generation. With a strong footprint in Spain and Portugal and a growing presence in the United States, it is positioning itself as a key player in the energy transition while maintaining conventional oil and gas operations.

Average Trading Volume: 100,329

Technical Sentiment Signal: Buy

Current Market Cap: $26.41B

Learn more about REPYY stock on TipRanks’ Stock Analysis page.