Repsol reported a sharp rise in first-half net income to €2.201 billion, driven by an €823 million inventory revaluation from higher crude oil prices and increased production. Adjusted net income reached €2.711 billion, with the Industrial business surging to €1.683 billion from €235 million a year earlier, while Upstream adjusted net income rose 6.7 percent to €673 million. The board approved a second share buyback of up to €500 million and expects to announce a third in October, alongside a €0.53 per share cash dividend payable in January 2027. Total production hit 558,000 barrels of oil equivalent per day in the second quarter, the highest in two years, and the company targets 560,000 to 570,000 boe/d for 2026.
Repsol S.A.Repsol reported a sharp rise in H1 net income and announced a €500 million buyback.