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Repsol on the stock exchange

How to buy shares

Buy Repsol shares in three steps
Your chance to form part of an international company ranked among the top 15 private energy companies in the world and boasting a proven track record is just three steps away.

  • The first step that the investor must take to buy Company shares is to contact any of the intermediaries and open a share account. From this account you can manage the share portfolio (trading, subscriptions, dividends, attending Shareholders Meetings, etc.). All market transactions will be associated with this account. These intermediaries, or market participants, are the only ones who may buy and sell directly on the Stock Exchange. They are securities companies, brokers, or credit entities. Banks and savings banks are the entities that, given their wide network of offices, are in direct contact with the greatest number of investors. They are able to administer shares, manage portfolios, or process orders with the market members, but not to intermediate directly on the market. Other intermediaries, such as portfolio management companies and trade brokers, can receive orders from clients and transmit them to market participants for execution.
  • Once you have the share account and it has sufficient funds, buy and sell orders can be issued. There are several ways for the investor to do this.
  • These orders may be made with the signing of the contract between the client and his or her financial entity, in the following ways:

In person or on-site

An order can be given at the branch office of the entity where the investor is a client, completing and signing the form according to the appropriate terms. Giving a verbal order is not advisable for individual investors and, in general, is only for professional investors. Once given, orders are considered as final and are sent to the market participant for contracting, if the entity is not a participant.

By telephone

There are two way to give orders by phone. One way is through a service that has been contracted by the client. The client must first give proof of identity and the order is recorded on a tape kept by the entity for a minimum period of 3 months. This period may be extended if the client has expressed disagreement with the results of the transaction carried out during this time.

The other way applies to orders that may be given occasionally by telephone, not written directly to the banking entity. These must also be recorded on tape and subsequent written confirmation is also required. This type of order is also considered to be confirmed tacitly when the client is notified that the transaction has been executed and settled and does not express disagreement within the period indicated by the entity, which under no circumstances can be less than 15 days from the date on which the information is received.


This medium may be used only if the entity accepts it as valid. Orders given by fax must be entered in the order receipt archive and processed in the same way as written orders.


For intermediaries to be able to use online services that offer great advantages in terms of speed and accessibility, they must have the technical capacity to ensure both the security and privacy of the transactions. Furthermore, they should sign a contract specifying the terms and conditions of this service.

Once the order has been formalized, a quick execution and confirmation process is triggered. Once the continuous market operator has the order data, it will be checked to approve the order. After this, the intermediary will prepare the necessary data to settle the transaction, the process of exchanging shares and cash that follows all market transactions.

All data is transferred from the Stock Exchange to IBERCLEAR, the entity responsible for registering shares and settling stock market transactions. Once the settlement data has been approved, the shares will be entered in the entity designated by the client and instructions will be issued to debit or credit the corresponding cash amounts in the accounts that the entities have opened for that purpose with the Bank of Spain.