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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International Compliance Assurance Programme (ICAP)
An international initiative for cooperative engagement between tax administrations of the OECD aimed at achieving a coordinated definition of the tax risk level in multinational groups regarding transfer pricing. After the invitation from the Spanish Tax Agency to participate in the ICAP pilot program, in 2018 we received the final letters from the various tax agencies recognizing our “low tax risk” score in intra-group transactions.
Code of Best Tax Practices
Since 2010, we have followed the Code of Best Tax Practices created by the Spanish Tax Administration and the Large Companies Forum. Following this code requires us to promote a cooperative, loyal relationship with the Tax Agency, thereby reducing litigiousness and legal insecurity. To demonstrate our commitment to greater transparency as outlined in the Code of Best Tax Practices, on a yearly basis we voluntarily submit to the Spanish Tax Agency our "Tax Transparency Reports," which include tax information regarding the Group's financial activity. Along the same lines, it's also worth noting, due its pioneering nature, the regular meetings held between the Large Taxpayers Central Office and the Company with the purpose to continue gaining a better understanding of the Group's business and activities, policies, and transactions as it pertains to taxation.
The B Team
The B Team is an association formed by multinational companies from different sectors that favor a new framework for best business practices in tax governance based on the principles of transparency, responsibility, and collaborative compliance. We are part of the workgroup that the B Team tasked with creating a catalog of Responsible Taxation Principles, which we have been following since 2018. In 2020, we were recognized as one of the most transparent multinational companies for endorsing and performing a self-assessment according to the B Team principles and the GRI-207 standard, voluntarily disclosing our reports on our Country-by-country tax contribution and our Presence in tax havens and controversial jurisdictions, and incorporating tax objectives in our sustainability plans.
Business and Industry Advisory Committee (BIAC)
We contribute to the comments that the BIAC prepares regarding documents published by the OECD for public consultation on tax matters, especially double taxation agreements.
UN Subcommittees
We collaborate with various UN tax subcommittees, such as the Extractive Industry, Carbon Tax, and Conflict Resolution subcommittees, and contribute our practical experience in drafting tax guidelines for developing countries.
International Chamber of Commerce
Repsol is Vice-chair at the tax commission of the International Chamber of Commerce (ICC). Our participation at the meetings and in several working groups of this organization has focused on providing feedback on the cooperative relationships report drafted together with the University of Vienna and on the Draft Toolkit on Tax Treaty Negotiations issued by the Platform for Collaboration on Tax.
Extractive Industry Transparency Initiative (EITI)
Repsol is a founding member of the Extractive Industry Transparency Initiative (EITI) and it is committed to its standards. This initiative was born in October 2002 with the aim of promoting transparency and accountability in natural resource-rich countries. EITI sets a global standard for companies to publish what they pay and governments to report what they receive, in a process that emphasizes the participation of multiple stakeholders (companies, governments and NGOs), thus strengthening the cooperative relationships of these companies with administrations. EITI is supported by more than 40 oil, gas, and mining companies and nearly 35 countries.
EU Joint Transfer Pricing Forum
We are members of this organization which advises the European Commission and aims to bring together companies, tax administrations, and other members of civil society in order to come up with solutions to problems deriving from defining transfer prices within the context of the EU.
Other initiatives that we are involved with
We actively participate in the following international forums and work groups: