Saltar al contenido

First quarter 2021 results

Repsol posts net income of €648 million for the first quarter of 2021

  • Repsol posted a net income of €648 million in the first quarter of 2021, thanks to efficient management that has enabled the company to endure the challenging global panorama while continuing to make strides in its strategic decarbonization plan.
  • Adjusted net income, which specifically measures the performance of the company's business units, reached €471 million. Repsol's integrated business model has proven itself in this quarter’s positive results that feature sound performance from Exploration and Production and Chemicals, despite the current difficulties affecting Refining and Mobility.
  • The launch of the company's 2021–2025 Strategic Plan and the measures implemented against the pandemic are reflected in a positive cash flow in all business units and a net debt reduction of €326 million.
  • Over the first months of the year, Repsol has put various industrial transformation initiatives into action, allowing the company to make progress in the energy transition and contribute to Spain's economic recovery. A total of 40% of first quarter investments went to low-carbon projects.
  • At the company's Annual General Meeting, shareholders approved a complementary dividend of €0.30 gross per share in cash charged to 2020 profits, in addition to the scrip dividend paid last January, the last of this kind to be paid in the 2021– 2025 period. Shareholders also approved the distribution, similar to the traditional payment charged to 2021, of €0.30 gross per share.

Josu Jon Imaz, CEO of Repsol

  • “We have delivered positive performance in extremely difficult circumstances that require us to continue our hard work, as efficiently and with as much flexibility as possible. We are laying the foundations for Repsol's future and advancing towards our decarbonization objectives with cutting-edge projects that will reinforce Spanish industry and contribute to the recovery from this crisis."
Repsol CEO Josu Jon Imaz

“We have delivered positive performance in extremely difficult circumstances that require us to continue our hard work, as efficiently and with as much flexibility as possible. We are laying the foundations for Repsol's future and advancing towards our decarbonization objectives with cutting-edge projects that will reinforce Spanish industry and contribute to the recovery from this crisis."

Josu Jon Imaz, Repsol CEO

Conference call (Recorded broadcast) >

Webcast presentation slides >

2020