Repsol tuning up
The Spanish major has tightened its belt, lifted its profitability and positioned itself to capitalise on an evolving market
In the headlong race to cut companies back to a size that sits comfortably with a world of $50 a barrel, Repsol chief executive Josu Jon Imaz is doing as well as anybody and possibly better than most. He's been at the helm for three and a half years and the latest six-month numbers show that, if anything, he's speeding up the process of reconfiguration. Under Imaz, the group has taken a more pessimistic view of the long-term outlook than many other companies and is being redesigned for a future of $40/b. The numbers tell the story. First-half net income was €1.056bn ($1.25bn), up 65% over the comparable period in 2016. Adjusted net income rose by 23% and ebitda by 29%. The once struggling up
Also in this section
30 July 2025
Owing to social, political and geographical factors, Canadian LNG projects are a complex proposition versus competing facilities on the US Gulf of Mexico.
29 July 2025
The EU’s Russia sanctions could have far-reaching implications for India’s Vadinar-based refinery
29 July 2025
There is a good strategic case for China to sign a deal for gas supplies via the proposed Power of Siberia 2 pipeline, but Beijing’s concerns over over-dependency on a single supplier and desire to drive down the price make it relatively unlikely that a contract will be finalised this year.
29 July 2025
EU industry and politicians are pushing back against the bloc’s green agenda. Meanwhile, Brussels’ transatlantic trade deal with Washington could consolidate US energy dominance.
