Repsol Plans to Distribute €10 Billion to Shareholders by 2027

Repsol plans to distribute €10 billion to shareholders by 2027! Spanish energy company Repsol just announced a bold move that has everyone talking: it plans to return a massive €10 billion back to its shareholders over the next few years through share and share buybacks. The news comes as, despite falling profits from the 2022 surge, Repsol and its peers in the oil industry still managed to smile at their shareholders with basically record profits last year of interest as oil and gas prices rose after unexpected turmoil in Ukraine, somewhat surprising considering how long.

Repsol Plans to Distribute €10 Billion

This Wednesday, Repsol’s market value reached €16.7 billion, and they are not shy about sharing the money. They plan to buy back up to €5.4 billion of their shares by 2027 and issue a cool, hard €4.6 billion in dividends. And the cherry on top is that they are increasing their dividend payout by nearly 30% to €0.90 per share for this year’s performance.

But it’s not all about the money. Repsol’s latest quarterly earnings beat the odds, coming in stronger than many expected. Even though oil and gas prices are coming back down to earth, their production is knocking it out of the park, pulling in adjusted profits of €1.20 billion That’s down from last year, sure, but it’s still higher than expected.

And they’re not stopping there. Repsol is planning to cancel 40 million shares by the end of July, which is basically like saying, “Here, have some more value back, shareholders.” Those shares are worth about €547 million based on the current stock price.

Looking to the future, Repsol is all in on making a greener planet a key part of its strategy. They’re talking about sticking to a plan that not only focuses on keeping the cash flowing to shareholders but also on investing in cleaner, greener energy sources. They’re making it clear that for them, going green isn’t just about keeping up with trends; it’s about leading the charge and finding value in cutting carbon.

Josu Jon Imaz, Repsol’s CEO, put it this way: They’re not just sticking to the plan; they’re ramping up their commitment to cover all the bases in energy, from oil to renewables, making sure they meet their customers’ needs without forgetting about the planet. It’s about seeing the big picture, where cleaning up their act is not just good for the earth; it’s good for business, too. Repsol’s making a bet that being eco-friendly is going to pay off, not just in good vibes but in real, tangible growth and profit.

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