One of the largest energy companies, present in the entire value chain: exploration and production, transformation, development and commercialization of efficient, sustainable and competitive energy.
We are a multi-energy company operating around the globe. Our activities range from oil and gas exploration and production to refining as well as selling derived products and providing services for your everyday life, such as natural gas and electricity.
The people on our team represent our prime competitive advantage and guarantee the company's future. A flexible and committed team comprising over 25,000 employees, united by a shared vision and values.
Our facilities are a reflection of our values and company culture. Our smart buildings promote smooth communication and transparency between team members, while allowing them to be more efficient and versatile in their work.
Our brand reflects our efficient, modern, responsible, and transparent management style which characterizes our company. Moreover, it conveys our values and builds trust.
A global, integrated company with over 90 years of history seeking to supply society's energy needs.
At Repsol, we ensure integrity in the relationships the Company maintains with its suppliers and contractors. Our suppliers are a part of our team and working together enables us to continuously evolve.
We look for energy solutions that meet people's needs and safeguard their well-being. With our solid and diversified business undertakings, we stay one step ahead of the future.
Learn about our Company's annual performance in the area of sustainability.
Our priority is to minimize the environmental impact of our activities by optimizing water management, air emissions, waste management, and spill prevention and response, in addition to considering biodiversity a key element.
We work to be part of the solution to climate change. Our challenge: responding to the demand for energy both responsibly and sustainably.
Each and every one of our decisions aims to guarantee the safety of our workers, customers, users, and suppliers. We firmly believe that all accidents can be prevented, and we develop ever-improving prevention mechanisms.
Each and every one of the actions taken by the people who make up Repsol determine the present and the future of our company. Therefore, we train our employees in core values that must govern their behavior and communicate all of our actions in a way that's reliable, transparent, and verifiable.
We are committed to managing our tax affairs by applying good practices and acting transparently. We pay our taxes responsibly and efficiently, and we foster cooperation with governments, thus avoiding serious risks and unnecessary conflicts.
We make reasonable efforts to ensure that our activities do not have negative impact on human rights, and should they occur, we do everything we can to correct them. Moreover, we do everything within our power to prevent impacts directly related to the activities of our business relationships.
Sustainability is an essential part of our forward-looking vision and the shared commitment undertaken by every one of us at Repsol.
The Repsol Technology Lab is an example of one of the most cutting-edge private R&D models in Spain, based on open innovation, whose objective is to seek sustainable solutions to achieve a more efficient and competitive lower-carbon business.
Innovation is in our DNA. That's why we've taken on the ambitious challenge of transforming the energy sector through the passion of our professionals, people who question things to make them better.
We look for industrial startups that provide disruptive reliability and maintenance solutions, particularly those related to the prediction and detection of corrosion.
Innovation, open collaboration, and a connection with the entrepreneurial world within an environment designed for co-creation. Discover our Open Innovation program.
At Repsol, innovation is part of our DNA. That's why we support education in the technical science field in order to inspire future generations.
Soluciones energéticas 100% renovables: energía solar y electricidad para particulares, empresas y entidades públicas.
Global, integrated, sustainable, and present throughout the entire value chain. These are just some of the compelling attributes that make us as an attractive company.
Useful documents to follow the company's profitability and sustainability-related measures and initiatives.
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The appointment of PricewaterhouseCoopers Auditores, S.L. as Account Auditor of Repsol, S.A. and its Consolidated Group for the review of the Annual Accounts and the Management Report of Repsol, S.A. and of its Consolidated Group for the years 2018, 2019, and 2020. The partner responsible for the audit of Repsol, S.A.'s annual, individual, and consolidated accounts and those of its consolidated Group is Iñaki Goiriena Basualdu.
In 2019, the amount of the fees approved for the auditing work carried out by PricewaterhouseCoopers Auditores, S.L. and its organisation for the Company and companies in its Group amounted to €7.1 million.
In addition, the fees approved for PwC for professional services relating to auditing and other services amounts to €0.7 million and €4 thousand, respectively.
Below is a detail of the fees charged to the Company and its related companies for a control relationship broken down by concept, both for audit and non-audit services, during the year ended December 31st, 2019 by PwC and its network:
Thousand euros | PricewaterhouseCoopers Auditores, S.L. | Other PwC network | Total |
---|---|---|---|
Audit services 1 | 4.4 | 2.7 | 7.1 |
Otros servives | 0.6 | 0.1 | 0.7 |
Total fees | 5.0 | 2.8 | 7.8 |
(1) At PricewaterhouseCoopers Auditores, S.L., this heading includes checks and certifications for partners and official bodies, reports for the issue of bonds, and other negotiable securities (Comfort letters), as well as non-financial information in the consolidated management report.
A breakdown of the above-mentioned services and amounts is included in the Report of the Audit and Control Committee on the Independence of the External Auditor (Only available in Spanish | PDF | 670 KB).
The amount of the approved fees (1) for this work and the percentage they represent of the approved fees to the Company and/or its Group, for the year 2019:
Company | Group companies | Total | |
---|---|---|---|
Amount of non-audit work(2) (thousand euros) | 288 | 449 | 737 |
Amount of non-audit work / Amount of audit work (%) | 9% | 10% | 9% |
(1)Amounts approved by the Audit Committee and Control for the year 2019.
(2) Includes the amount of other services related to the audit (verifications and certifications for partners and official bodies, reports for the issuance of obligations and other negotiable securities (Comfort letters), as well as verification of the non-financial information in the management report consolidated), and other services (mainly advisory work in the field of information technology).
As of December 31st, 2019, the services provided other than audit work comprised 9% of the total amount of the fees of PwC.